Market Overview for Syscoin/Tether (SYSUSDT)

Summary
• Price declined from 0.01694 to 0.01662 on a bearish reversal pattern.
• Volume spiked to 279269.0 at 14:15 ET, but failed to sustain the high of 0.01697.
• RSI suggests oversold conditions, with momentum yet to confirm a rebound.
• Bollinger Bands show price near the lower band, indicating low volatility.
• A key support level appears to form near 0.01663–0.01666 based on Fibonacci retracements.

Syscoin/Tether (SYSUSDT) opened at 0.01677 on 2025-12-17 at 12:00 ET, reaching a high of 0.01705 before closing at 0.01662 on 2025-12-18 at 12:00 ET. The total volume over 24 hours was 8,502,212.0, and turnover amounted to approximately $139,749.

Structure & Formations

Price action over the last 24 hours showed a bearish reversal pattern, with a failed rally at 0.01697 and a pullback to the 0.01662 level.

A potential support zone emerged between 0.01663 and 0.01666, coinciding with the 38.2% Fibonacci retracement level of the most recent 5-minute swing. A bearish engulfing pattern was observed at the 0.01694–0.01682 range, reinforcing the downward bias.

Indicators

The 20-period and 50-period moving averages on the 5-minute chart showed a bearish crossover, reinforcing the short-term downward trend. RSI entered oversold territory but lacked a clear bullish confirmation from price or volume. MACD showed a bearish divergence, with a shrinking histogram and negative crossover, indicating continued momentum to the downside.

Volatility & Volume

Volatility decreased as the price settled near the lower Bollinger Band, signaling potential consolidation. Volume spiked to 279269.0 at 14:15 ET during a failed attempt to break above 0.01697, suggesting selling pressure. Notional turnover increased during the 14:15–14:45 ET period, yet price failed to confirm a rebound.

Looking ahead, SYSUSDT may consolidate near 0.01662–0.01666 before deciding its next directional move. A break below 0.01653 could reignite bearish momentum. Investors should remain cautious of potential short-covering if the price rebounds to test 0.01670–0.01675.