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Summary
• Price tested key support at $0.0721–0.0712, with bearish reversal forming near the 23:45 candle.
• MACD showed bearish divergence as price hit a 24-hour low, while RSI approached oversold territory.
• Volume spiked during the final hour, confirming a potential short-term bottoming process.
• Bollinger Bands narrowed before 23:00 ET, preceding a sharp price contraction and increased volatility.
Sonic/Tether (SUSDT) opened at $0.0742 at 12:00 ET-1, reached a high of $0.0742, and closed at $0.0714 by 12:00 ET. Total traded volume was 5,867,110.9 units, with a notional turnover of $449,113.87.
Structure & Formations
Price formed a bearish engulfing pattern near $0.0725–0.0714 during the early ET hours, signaling a potential shift in sentiment. A strong support level emerged between $0.0712–0.0718, coinciding with a 61.8% Fibonacci retracement of the earlier bullish move.

Momentum and Volatility
MACD turned bearish just before the final 5-minute candle, aligning with a sharp drop in price. RSI dipped toward oversold territory (~28), suggesting a possible bounce. Bollinger Bands had been contracting since 23:00 ET, signaling a possible breakout or breakdown.
Volume and Turnover
Trading volume surged during the 23:00–00:00 ET window, with the final candle showing an enormous volume of 1.3 million units. This suggests heightened interest as price approached support.
Looking Ahead
SUSDT may see short-term rebound off the $0.0712–0.0718 support, but a close below $0.0712 could extend the slide toward $0.0705. Traders should remain cautious as volatility remains elevated and trend direction remains uncertain.
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