Market Overview for Sonic/Tether (SUSDT) – 2025-09-26

• Sonic/Tether (SUSDT) traded in a volatile range today, dropping to 0.2275 before rebounding to 0.2381.
• A key support level at 0.2300 was retested and held during the early morning trading session.
• Price momentum shifted toward the afternoon with increased volume and a sharp rally into the late ET hours.
• RSI reached overbought territory near 0.2373–0.2381, suggesting potential near-term profit-taking.
• Turnover spiked above $900k during the 14:00–16:00 ET session, aligning with a bullish breakout.

Sonic/Tether (SUSDT) opened at 0.2361 on 2025-09-25 at 12:00 ET and closed at 0.2364 on 2025-09-26 at 12:00 ET. The 24-hour high was 0.2381 and the low was 0.2275. Total volume reached approximately 100,082,363.9 units, with a notional turnover of around $23,543,427. The price action showed signs of a consolidation pattern, with a breakout attempt later in the day.

Structure & Formations

The 24-hour chart displayed a distinct bearish impulse during the 17:00–19:00 ET hours as price dropped sharply from 0.2349 to 0.2297. This was followed by a bullish retracement into the evening and morning hours. A strong bullish engulfing pattern emerged at 0.2321–0.2323, while a hanging man at 0.2373 suggests a possible reversal ahead. Key support levels formed at 0.2300 and 0.2286, with resistance around 0.2350 and 0.2381 appearing critical for the next 24 hours.

Moving Averages

On the 15-minute chart, the 20-period MA (0.2338) and 50-period MA (0.2344) showed price trending above the 20 MA, suggesting bullish momentum. The daily 50-period MA (0.2335) was crossed by the 100-period (0.2342) and 200-period (0.2349) MAs, indicating a neutral to slightly bullish crossover. Price currently appears to be consolidating just below the 50-period MA, which could act as a pivotal level for future direction.

MACD & RSI

The MACD line crossed above the signal line in the morning before flattening, suggesting waning momentum. A bullish divergence between the RSI and price occurred after the 09:00 ET lows, reinforcing the bearish pullback. RSI reached an overbought level of 69.3 at 0.2381, indicating potential exhaustion. A retest of the 50 RSI level (0.2335) could trigger either a continuation or a reversal pattern.

Bollinger Bands

Bollinger Bands showed a contraction during the early morning hours, followed by an expansion as price pushed higher. By 15:00–16:00 ET, price was trading within the upper band, with the 20-period band width at 0.0012. The upper band sat at 0.2376 and the lower at 0.2320, with price hovering near the upper boundary—suggesting the possibility of a reversal unless a breakout is confirmed with increased volume.

Volume & Turnover

Volume spiked sharply during the 14:00–16:00 ET period, especially during the 15:00–16:00 ET candle, which saw $2,356,890 in turnover. This aligns with the price reaching a 24-hour high. Notably, a divergence emerged between price and volume in the early morning hours, where volume dropped despite a price rebound. This suggests a weakening bullish sentiment, especially after 02:00 ET.

Fibonacci Retracements

Fibonacci retracement levels from the 0.2275 to 0.2381 move identified key levels at 0.2330 (38.2%) and 0.2300 (61.8%). Price has held the 0.2300 level multiple times, and a break above 0.2330 could indicate a resumption of bullish momentum. The 0.2360 area is currently acting as a key consolidation level and may serve as either a pivot point or a reversal zone.

Backtest Hypothesis

Given the current configuration of the 20-period MA and the 50-period MA, a potential backtesting strategy could involve a golden cross signal—where the 20-period MA crosses above the 50-period MA—as a bullish trigger. This would have aligned with the 14:00–16:00 ET rally. A stop-loss could be placed at the 0.2300 support level, with a take-profit target at the 0.2381 resistance or the upper Bollinger Band. The RSI divergence observed earlier also suggests a trailing stop might be useful in capturing a continuation or a reversal.