Market Overview for Sonic/Tether (SUSDT) on 2025-10-01

• Sonic/Tether (SUSDT) traded between 0.2433 and 0.2878 over 24 hours, closing at 0.275 with strong volatility and volume.
• A sharp 15-minute rally pushed price to 0.2878 before a pullback formed a bearish divergence on RSI and MACD.
• Volume spiked during the upper breakout to 0.2878 but declined afterward, signaling potential exhaustion.
• Bollinger Bands widened during the peak, while Fibonacci levels at 0.2821 and 0.2726 were key for short-term reversals.
• Momentum indicators suggest a high likelihood of near-term consolidation or a test of 0.265–0.270 support.

The Sonic/Tether (SUSDT) pair opened at 0.2437 at 12:00 ET–1, surged to a 24-hour high of 0.2878, and closed at 0.275 at 12:00 ET. The 24-hour trading session saw a total volume of 95,277,496.20 and a notional turnover of $26,238,452.87. The price displayed a clear bullish breakout followed by a bearish correction, suggesting a volatile but balanced session.

Structure & Formations

The candlestick structure featured a sharp bullish thrust to 0.2878, followed by a bearish retracement and consolidation near 0.275. Key support levels emerged at 0.275–0.273 and 0.265, with resistance forming at 0.2821 and 0.2878. A bearish engulfing pattern formed after the high, and a potential doji near 0.277–0.278 indicated indecision. A 15-minute double top near 0.278–0.279 also pointed to a possible short-term reversal.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages converged as price moved up toward the high, then diverged as the retracement occurred. The 20 MA crossed above the 50 MA during the rally, reinforcing the bullish bias before diverging. On the daily chart, the 50-period MA crossed above the 100-period MA, indicating a stronger medium-term bullish momentum.

MACD & RSI

MACD showed a bullish divergence as price hit the high but turned bearish as the pullback began, suggesting weakening momentum. RSI overbought at 75–80 during the rally and then formed a bearish divergence, pointing to potential exhaustion. RSI fell below 50 during the consolidation phase, suggesting a possible continuation of the bearish trend or a sideways move in the near term.

Bollinger Bands

Bollinger Bands expanded significantly during the rally to 0.2878 and then compressed as the correction began, indicating a potential consolidation phase. Price closed near the midline of the bands, suggesting equilibrium but with potential for either a breakout or breakdown depending on the next move.

Volume & Turnover

Volume surged to over 11 million during the breakout to 0.2878 but dropped off sharply afterward, signaling a loss of momentum. Notional turnover mirrored the volume pattern, with the highest turnover occurring during the peak rally. A divergence between price and volume suggests caution for further bullish extensions, while the decline in turnover indicates reduced conviction.

Fibonacci Retracements

Fibonacci levels applied to the recent swing from 0.275 to 0.2878 showed key retracement levels at 0.2821 (38.2%) and 0.2774 (61.8%). The 0.275 level, which coincides with a 78.6% retracement, is a critical support. On the daily chart, the 0.2821 and 0.2726 levels acted as immediate resistance and support, respectively, confirming the importance of these areas for near-term direction.

Backtest Hypothesis

Applying a backtesting strategy that triggers long positions on bullish engulfing patterns confirmed by a 15-minute MACD crossover and RSI divergence below overbought levels could provide a probabilistic edge in this market. A short position entry is suggested when a bearish engulfing pattern forms alongside a bearish MACD divergence and RSI above 70. The current setup after the 0.2878 high appears to meet the short criteria, with bearish signals across all indicators.