Market Overview for Sonic/Tether (SUSDT) as of 2025-09-19

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• Sonic/Tether (SUSDT) closed 0.3003 on 2025-09-19 at 12:00 ET, down from an open of 0.3122, with a 24-hour high of 0.3150 and a low of 0.2978.
• A distinct bearish bias emerged after a sharp correction from 0.3150 to 0.3003, with volume peaking during the sell-off.
• RSI (14) reached oversold territory near 25, while MACD turned bearish with a negative histogram, indicating fading momentum.
• Bollinger Bands widened during the decline, with price currently near the lower band, suggesting a potential bounce or continuation.
• On-chain volume and turnover confirmed the bearish breakdown, with no significant divergences observed.

Sonic/Tether (SUSDT) opened at 0.3122 on 2025-09-18 at 12:00 ET and closed at 0.3003 on 2025-09-19 at 12:00 ET, reaching a high of 0.3150 and a low of 0.2978. Total volume across the 24-hour period was 48.2 million, with notional turnover totaling $14.99 million, reflecting moderate liquidity and a clear bearish drift.

Structure & Formations

The 15-minute chart shows a clear bearish breakdown from a key resistance cluster near 0.3130, confirmed by a long-bodied bearish candle on 2025-09-19 at 01:15 ET. A large bearish engulfing pattern followed on 2025-09-19 at 04:15 ET, signaling increased selling pressure. Support levels are now forming at 0.3000–0.3050, with a key 0.3023 psychological level showing minor bounce resistance.

Moving Averages

On the 15-minute chart, price closed below both the 20SMA and 50SMA, which are at 0.3087 and 0.3071, respectively. These moving averages have acted as bearish resistance. On the daily chart, the 50DMA is at 0.3040, with the 100DMA at 0.3065 and 200DMA at 0.3090. This suggests that price is well below long-term averages, reinforcing the bearish narrative.

MACD & RSI

The MACD line crossed below the signal line around 0.3140, forming a bearish crossover with a negative histogram that has grown in strength. RSI (14) dipped into oversold territory near 25 around 2025-09-19 15:00 ET, indicating a potential short-term bounce, though without a clear reversal signal. This suggests caution—price could either rebound from oversold levels or continue the downward trend.

Bollinger Bands

Bollinger Bands expanded during the sell-off, with price currently sitting near the lower band, which is now around 0.2985. This volatility expansion supports a continuation of the bearish move, although a test of the upper band (currently near 0.3030–0.3040) could occur if buyers re-enter at lower levels.

Volume & Turnover

Volume increased significantly during the 04:15–06:00 ET window as price dropped from 0.3083 to 0.3043, confirming the bearish breakdown. Turnover during this period also rose sharply, aligning with the price action. No major divergences were observed, supporting the view that the bearish momentum is well-established and has not yet lost steam.

Fibonacci Retracements

Applying Fibonacci to the most recent bearish swing from 0.3150 to 0.3003, key levels are at 0.3122 (23.6%), 0.3105 (38.2%), and 0.3088 (50%). Price is currently at around 0.3003 (76.4%), indicating it may continue lower toward the 0.2978 level (100%) unless a strong rebound from 0.3000–0.3023 occurs.

Backtest Hypothesis

The described backtesting strategy would likely benefit from the current bearish setup by entering short positions near the 0.3050–0.3070 range with a stop above 0.3090 and a target near 0.2970–0.2980. This approach aligns with the confirmed breakdown, bearish MACD, and RSI oversold levels, which offer a favorable risk-reward scenario. A long entry near 0.3000 would be speculative unless accompanied by a reversal candlestick pattern and a MACD bullish crossover.