Market Overview for Sonic (SUSDT) – 24-Hour Analysis as of 2025-08-25 12:00 ET

• Sonic opened at $0.3394 and closed at $0.3151, down 6.8% over 24 hours amid bearish momentum.
• A sharp 8.8% decline in the early session formed a bearish engulfing pattern before stabilizing.
• RSI (14) hit oversold territory at 28.5, suggesting potential near-term buying interest.
• Volatility increased with a 3.7% range during the 15-minute chart, but volume declined by 22% from peak.
• A 61.8% Fibonacci retracement level of $0.3190 may act as short-term support in the next 24 hours.

Sonic (SUSDT) opened at $0.3394 on 2025-08-24 12:00 ET, reached a high of $0.3581, and closed at $0.3151 at 12:00 ET. The 24-hour notional volume was $68,951,378 with total turnover of 195,899,062 tokens.

Structure and Key Levels

Price formed a bearish engulfing pattern on the 15-minute chart during the sharp descent from $0.3581 to $0.3318. A key support level appears to form around the 61.8% Fibonacci retracement at $0.3190 from the $0.3403–$0.3581 swing. Resistance is likely at the 50-period moving average, currently at $0.3250.

Trend and Momentum

The 50-period moving average is bearishly crossed below the 20-period line, suggesting a strengthening downtrend. MACD (12,26,9) shows a negative crossover with a histogram contracting, indicating waning short-term bearish momentum. RSI (14) reached oversold levels, hinting at a possible bounce, though without a strong reversal pattern yet.

Volatility and Bollinger Bands

Volatility widened sharply during the 19:45–20:00 ET sell-off, with the price briefly breaking below the lower Bollinger Band. However, it has since returned to within the bands and is currently trading near the 20-period SMA. This suggests a temporary overextension but not a breakout.

Volume and Turnover Analysis

Volume spiked to $8.7 million during the $0.3558–$0.3404 drop, but it has since declined sharply. The recent $31.5 million turnover in the $0.3190–$0.3210 range appears to confirm a short-term base forming. A divergence between price and volume may indicate a potential reversal if buyers enter with stronger conviction.

The price may test the $0.3190 support level in the next 24 hours, but a break below that could extend the slide toward $0.3140. Traders should watch for a bullish close above $0.3230 to signal short-term recovery, while a prolonged stay in oversold territory could deepen the decline.