Market Overview for Sonic/Tether (SUSDT) — 24-Hour Analysis as of 2025-09-15

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• Price surged to a 24-hour high of $0.3102, breaking resistance near $0.3095 on strong volume near 06:00 ET.
• RSI hit 68, suggesting momentum remains bullish but nearing overbought territory.
• Bollinger Band expansion indicates rising volatility with price consolidating near the upper band.
• Volume spiked during the final 6 hours, confirming higher participation and price strength.
• A bullish engulfing pattern formed at 20:30–20:45 ET, signaling potential continuation higher.

Sonic/Tether (SUSDT) opened at $0.3050 on 2025-09-14 at 12:00 ET and reached a high of $0.3102 before closing at $0.3100 as of 12:00 ET on 2025-09-15. Total volume for the 24-hour period was 30,723,873.18, with a notional turnover of $9,254,263. The pair showed a strong bullish bias, supported by increasing volume and a breakout to new highs.

Structure & Formations

Price action during the 24-hour period showed a key ascending trend from a low of $0.3013 to a high of $0.3102. A notable bullish engulfing pattern formed at $0.307–$0.309, suggesting continued upside potential. A doji at $0.3076–$0.3081 near the 23:45 candle signaled a minor pause, but was quickly followed by another rally. The 24-hour chart formed a valid bullish flag pattern with a measured move target of $0.3150, assuming the trend continues.

Moving Averages

On the 15-minute chart, price traded well above its 20SMA and 50SMA, indicating strong short-term bullish momentum. On the daily chart, the 50DMA and 200DMA are converging at $0.304–$0.306, and the current price is above both, suggesting the pair may remain in a strong uptrend. A crossover of the 50DMA above 200DMA in the coming 24 hours could further confirm long-term bullish sentiment.

MACD & RSI

MACD remained positive with a rising histogram, confirming strong bullish momentum. RSI reached 68 in the last 4 hours, suggesting the pair is approaching overbought territory but still within healthy levels for continuation. Divergences were not observed in the 24-hour period, indicating that momentum remains aligned with price.

Bollinger Bands

Bollinger Bands widened significantly after 05:30 ET, indicating increased volatility. Price remained near the upper band for much of the 24 hours, suggesting a continuation of the bullish trend. A potential pullback toward the mid-band could offer a strategic entry point for buyers seeking confirmation of trend strength.

Volume & Turnover

Volume surged to over 1 million in the final 6 hours, aligning with the price breakout above $0.3100. Notional turnover increased in tandem, indicating strong institutional and retail participation. A divergence between volume and price was not observed, suggesting price strength is well-supported.

Fibonacci Retracements

On the 15-minute chart, key levels include 38.2% at $0.3084 and 61.8% at $0.3095. The pair tested both levels before pushing higher, suggesting they acted as dynamic support. On the daily chart, the 50% retracement at $0.3065 was a minor resistance but was quickly breached, reinforcing the bullish bias.

Backtest Hypothesis

The backtest strategy involves entering long positions on a bullish engulfing pattern confirmed by a close above a 20SMA, with a stop-loss placed below the pattern's low. This would have triggered a signal on the 20:30–20:45 ET candle, with a target near $0.3120. A trailing stop could be used to lock in gains. The strategy would also benefit from monitoring RSI for signs of overbought conditions and volume for confirmation. This approach aligns well with the observed price structure and momentum indicators.