Market Overview for Sonic/Tether (SUSDT) on 2025-12-27

Summary
• Price action formed a bullish engulfing pattern near key support at 1.0035.
• 5-minute RSI approached overbought territory, suggesting short-term momentum may ease.
• Volume surged during a breakout above the 20-period moving average.
• Bollinger Bands expanded, reflecting increasing volatility in the final 4 hours.
• No significant divergence between volume and price was observed.

Market Overview

Sonic/Tether (SUSDT) opened at 1.0032 at 12:00 ET − 1, reached a high of 1.0087, a low of 1.0018, and closed at 1.0076 at 12:00 ET. Total 24-hour volume was 1,245,000 tokens, with notional turnover of approximately $1.01 million.

Structure & Formations

A bullish engulfing pattern emerged as price retested and closed above key support at 1.0035, suggesting short-term buying pressure. This structure may indicate a possible continuation toward near-term resistance levels above 1.0090.

Moving Averages and Momentum

On the 5-minute chart, price remained above the 20-period moving average, with the 50-period line providing dynamic support. The RSI trended toward overbought levels near 68 in the final 30 minutes, implying a possible near-term pullback.

Volatility and Volume Dynamics

Volatility increased as Bollinger Bands widened, particularly during the last 4 hours of the 24-hour window. Volume spiked during the breakout above the 20-period moving average, suggesting confirmation rather than divergence.

Looking ahead, the next 24 hours may see a test of the 1.0090 resistance level if bullish momentum holds. However, a reversal or consolidation phase is possible if the RSI fails to remain above 50 and volume tapers. Investors should remain cautious as short-term momentum indicators appear stretched.