Market Overview for Sonic/Tether (SUSDT) as of 2025-12-20

Summary
• Sonic/Tether (SUSDT) traded in a 0.0783–0.0804 range, consolidating near key support.
• Momentum weakened as RSI dipped toward oversold territory, signaling potential short-term rebound.
• Volume declined after a sharp drop in the early session, highlighting bearish dominance.
• A bearish engulfing pattern emerged near 0.0802, suggesting downward pressure.
• Price remained within contracting Bollinger Bands, indicating low volatility and possible breakout.

Sonic/Tether (SUSDT) opened at 0.0802 on 2025-12-19 at 12:00 ET, reached a high of 0.0804, touched a low of 0.0783, and closed at 0.0791 by 12:00 ET on 2025-12-20. Total volume across the 24-hour window was 11,185,230.7, with notional turnover of approximately $892,944 (assuming Tether as $1.00).

Structure & Formations

The price action shows a consolidation phase following a sharp sell-off early in the session. A bearish engulfing pattern formed near the 0.0802 level, indicating potential downward momentum. A key support level appears to be forming around 0.0783–0.0785, with a previous low at that level holding well. A bullish reversal pattern may form if the price closes above 0.0796, but this remains speculative at this stage.

Moving Averages and Momentum

On the 5-minute chart, the 20-period and 50-period moving averages are both bearish, with the price currently below both. This reinforces the short-term bearish bias. The 50-period moving average on the daily chart is likely around 0.0795, placing the current price near it. The RSI has dipped toward the 30–35 range, suggesting oversold conditions and potential for a rebound.

Volatility and Bollinger Bands

Price remains within a contracting Bollinger Band channel, suggesting a period of low volatility and a potential breakout. The narrowing bands indicate that a directional move could be imminent. The price is currently trading near the lower band, which may act as a temporary floor.

Volume and Turnover

Volume spiked during the initial drop to 0.0783, confirming bearish pressure. However, volume has since declined, suggesting exhaustion in the downtrend.

Turnover has also dropped sharply, which may indicate a pause in active trading or consolidation before the next move.

Fibonacci Retracements

Key Fibonacci levels from the recent high of 0.0804 to the low of 0.0783 show 38.2% at 0.0794 and 61.8% at 0.0789. Price has tested both levels, with 0.0789 currently holding as a potential support. A break below this would likely test the 0.0786 level next.

Sonic/Tether appears to be in a consolidation phase ahead of a potential breakout. If the price holds above 0.0783, a rebound could be expected; however, a break below that level may accelerate the downtrend. Investors should remain cautious of increased volatility and potential bearish continuation in the next 24 hours.