Market Overview for Syscoin/Tether (SYSUSDT): 24-Hour Analysis

• Price declined from 0.04167 to 0.04088, reflecting bearish momentum after midday ET.
• Volume spiked near the 24-hour low and remained elevated post 12:00 ET, suggesting accumulation.
• RSI and MACD indicated overbought conditions before the drop, followed by divergence.
• Bollinger Bands widened during the decline, showing increased volatility.
• Key support identified around 0.04095–0.04105 with potential for further consolidation.

Market Summary

Syscoin/Tether (SYSUSDT) opened at 0.04155 on 2025-09-20 at 12:00 ET, reaching a high of 0.04167 and a low of 0.04068 before closing at 0.04088 on 2025-09-21 at 12:00 ET. Total volume amounted to 11,520,313.0 units, with a notional turnover of approximately $476,566.95.

The candlestick pattern for the 24-hour period displayed a bearish bias, with a significant drop in price and volume following a failed breakout to the upside. A morning session high of 0.04167 was rejected, setting the stage for a steady decline, particularly after 03:00 ET. The price found temporary support at 0.04100 and 0.04095 multiple times, suggesting psychological relevance in the 0.04100–0.04105 range.

Structure & Formations

Several bearish patterns were observed throughout the day, including a bearish engulfing pattern around 03:15 ET and a hanging man at 09:45 ET, both signaling potential tops. The price also showed signs of bearish continuation with a falling wedge forming between 07:30 ET and 10:00 ET, which eventually resolved to the downside. A bearish harami was seen at 05:30 ET, reinforcing the downward momentum.

Support levels were identified at 0.04105 (tested multiple times) and 0.04095. Resistance was noted at 0.04120–0.04125, where several candles showed rejection.

Moving Averages

The 15-minute chart showed the 20-period and 50-period moving averages in a bearish alignment, with the price closing below both. The 50-period line acted as a key dynamic resistance level that failed to hold after 02:00 ET. On the daily timeframe, the 50/100/200-period moving averages all crossed below a key 200-period level, confirming the bearish bias and signaling a potential continuation.

MACD & RSI

The MACD line crossed below the signal line around 01:00 ET, forming a bearish crossover. Momentum remained weak throughout the day, with the MACD histogram showing a steady decline. RSI peaked at 68 before the drop, failing to break into overbought territory and showing divergence with price. It closed below 45, signaling a possible entry point for short-term bearish strategies.

Backtest Hypothesis

The backtest strategy involves entering a short position when the 50-period EMA crosses below the 200-period EMA (a death cross) and RSI falls below 45, with a stop loss placed at the most recent swing high and a target at the next Fibonacci level. This approach, when applied to the SYSUSDT 15-minute chart, would have captured the downward move from 0.04167 to 0.04088. The strategy relies on confirming bearish momentum with both price and oscillator alignment, making it suitable for fast-moving, high-volume assets like SYSUSDT. Given the recent divergence in RSI and bearish crossover in MACD, the setup remains valid for future testing.