Market Overview for Sonic/Tether (SUSDT) as of 2025-11-13

• Price action shows a late-day bullish reversal from support at 0.1410.
• RSI and MACD suggest moderate overbought conditions toward close, signaling potential pullback.
• Volatility expanded with a sharp volume spike during the 06:00–09:00 ET session.
• Bollinger Bands tightened into a pre-breakout pattern during early morning.
• Key Fibonacci level at 0.1436 appears to act as a strong short-term resistance.

Sonic/Tether (SUSDT) opened at 0.1411 on 2025-11-12 12:00 ET, touched a 24-hour high of 0.1477, and a low of 0.1401, closing at 0.1453 on 2025-11-13 12:00 ET. The 24-hour volume amounted to approximately 34,461,688.87 units, while the notional turnover reached $4,997,696.38. The price displayed a strong bullish bias late in the session, with several key support and resistance levels forming around 0.1410 and 0.1436 respectively.

Structure & Formations

The 15-minute chart revealed a bearish reversal early in the morning at support 0.1410, followed by a strong bullish engulfing pattern in the midday hours as the price crossed above key resistance at 0.1432. A 38.2% Fibonacci retracement level at 0.1436 acted as a short-term ceiling, with price failing to push above that level at close. A doji pattern was observed near 0.1441 in the early evening, suggesting indecision and potential consolidation.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart showed a bullish crossover at 0.1430, reinforcing the afternoon’s strength. On a broader scale, the 50/100/200-day moving averages are aligned in a bullish slope, indicating a longer-term uptrend. Price remains comfortably above the 200-day MA, a strong bear-market protection threshold.

MACD & RSI

The MACD line turned positive in the late morning and remained above the signal line, with a rising histogram suggesting growing bullish momentum. RSI climbed above 60 and approached overbought territory near 67 at close, indicating potential for a short-term correction. However, divergence was not observed between RSI and price, suggesting continuation of the current trend is still plausible.

Bollinger Bands

Bollinger Bands tightened during the 04:00–06:00 ET window, signaling a potential pre-breakout phase. Prices subsequently broke above the upper band during a high-volume session, indicating a breakout attempt. The bands have since widened, reflecting increased volatility, with price closing near the upper band at 0.1453.

Volume & Turnover

Volume surged during the 06:00–09:00 ET window, with a peak of over 2.6 million units traded, coinciding with the price breakout above key resistance. Notional turnover mirrored this trend, with a peak at approximately $380k during the 06:00 ET hour. No significant divergence was observed between volume and price, indicating strong conviction in the bullish move.

Fibonacci Retracements

The 61.8% retracement level of the recent downtrend from 0.1477 to 0.1401 came in at 0.1436, which acted as a clear resistance point during the close. Price may now test the 78.6% retracement at 0.1467, which could serve as a next target. The 50% level at 0.1439 is currently acting as intraday support.

Backtest Hypothesis

Given the strong RSI and MACD signals observed in the 24-hour period, a backtest could be constructed around a mean-reversion strategy: buying when RSI crosses above 70 (overbought) and holding for five days. A universe of 50–100 liquid crypto pairs could be tested using daily closing prices and a 14-period RSI, with overbought defined as RSI > 70. Stop-loss and take-profit levels could be set based on Fibonacci projections or volatility-based ATR stops for tighter risk control. The period under evaluation would be from 2022-01-01 to 2025-11-13, using daily OHLC data.