Market Overview: Syscoin/Tether (SYSUSDT) 24-Hour Analysis (2025-09-19)

• Syscoin/Tether (SYSUSDT) drifted lower over 24 hours, closing near its session low at 0.04054.
• Key resistance held at 0.0428–0.0429, with bearish pressure accelerating after 19:45 ET.
• Volatility spiked during the session, with turnover surging to $456,267 at 15:15 ET.
• RSI signaled oversold conditions by 15:30 ET, but no significant rebound followed.
• The 20-period MA on the 15-min chart turned bearish, indicating short-term bear dominance.

Syscoin/Tether (SYSUSDT) opened at 0.04260 on 2025-09-18 at 12:00 ET, surged to a high of 0.0432, and closed at 0.04054 as of 12:00 ET on 2025-09-19. Total volume over the 24-hour period was 14,568,919, while total turnover reached approximately $581,754.

Structure & Formations

Price action displayed bearish dominance after breaking the 0.0428 level on the downside, with multiple bearish engulfing patterns forming in the late hours of the session. A key support level was identified around 0.0410–0.0415, where price found temporary relief. A long-tailed doji at 0.04217 (2025-09-19 03:45 ET) hinted at indecision, but bears eventually took control. Fibonacci retracement levels at 0.04263 and 0.04196 provided key resistance and support respectively during the retracements.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both turned bearish as the price declined below both. The 50-period MA was at 0.04255 at the close of the session, confirming a bearish bias. The 100-period and 200-period daily MAs were not available for direct calculation, but recent price behavior suggests a broader downtrend is in place.

MACD & RSI

MACD on the 15-minute chart showed a bearish crossover, with the histogram shrinking as momentum waned. RSI hit oversold territory around 15:30 ET, falling to a low of 27, but failed to generate a rebound, which suggests a possible continuation of the downtrend. The indicator remains below 40, indicating sustained bearish momentum.

Bollinger Bands

Volatility expanded significantly during the early evening hours, with the upper Bollinger Band reaching 0.0432 and the lower band hitting 0.04167. Price closed near the lower band, suggesting bearish continuation is more probable. A contraction in bandwidth occurred before 09:00 ET, indicating a period of consolidation before the sharp decline.

Volume & Turnover

Volume surged in key bearish moments, especially at 19:45 ET and 22:30 ET, where price broke below key psychological support levels. Notional turnover spiked to $456,267 at 15:15 ET, aligning with a sharp drop in price. Divergence was not observed, suggesting volume and price are aligned in the bearish direction.

Fibonacci Retracements

Fibonacci retracement levels on the 15-minute chart showed a 38.2% level at 0.04263 and a 61.8% level at 0.04196. Price bounced off the 61.8% level during retracements but failed to hold, confirming bearish momentum. On the daily timeframe, the 61.8% level appears to be the key near-term support around 0.0405.

Backtest Hypothesis

The strategy proposed involves a short-entry trigger based on a bearish crossover of the 20- and 50-period moving averages on the 15-minute chart, combined with RSI below 30 to confirm oversold conditions. The hypothesis assumes that, in a sustained bearish trend, price will continue lower after confirming the breakdown. Stop-loss is placed above the nearest resistance level, and take-profit is set at the next Fibonacci retracement level. Based on today’s data, this setup would have triggered at 2025-09-18 19:45 ET and held through the close.