Market Overview for Sonic/Tether (SUSDT) – 24-Hour Analysis (2025-10-11)

• Sonic/Tether (SUSDT) closed at 0.1892 after a sharp 24-hour swing from 0.2552 high to 0.0758 low.
• Price broke key psychological levels, with volume surging during the 21:30–22:00 ET crash.
• RSI and MACD signaled oversold conditions, while Bollinger Bands showed volatility expansion.
• Fibonacci retracements suggest potential near-term support at 0.1768 and 0.1665.
• Turnover peaked at 24M USD during the 21:45 ET selloff but lacks immediate follow-through.

Sonic/Tether (SUSDT) opened at 0.2529 on 2025-10-10 at 12:00 ET and closed at 0.1892 on 2025-10-11 at 12:00 ET, with a 24-hour high of 0.2552 and a low of 0.0758. Total volume traded was 336,524,434.5 and turnover reached approximately $58.47 million over the period.

Structure & Formations

Price action displayed several key support and resistance levels over the past 24 hours, including a critical support at 0.1892–0.1885 (post-15:45 to 16:00 ET), which held during a late-session rebound. Earlier, a breakdown below 0.2500 signaled bearish momentum. A notable bearish engulfing pattern formed around 19:30–20:00 ET, confirming the trend shift. A doji at 03:45–04:00 ET hinted at indecision amid a consolidation phase. The price also tested and failed at prior support levels such as 0.2406, reinforcing the bearish bias.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both below the current price, showing a bearish crossover. On the daily chart, the 50-day MA is above the 100-day and 200-day MAs, which is neutral to bearish, depending on the trend. The price is currently trading below all three daily MAs, suggesting continued downward pressure for the next 24–48 hours unless a significant reversal occurs.

MACD & RSI

The MACD line crossed below the signal line, confirming bearish momentum with a negative histogram. The RSI dropped into the oversold zone (below 30) during the 22:15–22:30 ET session, indicating possible exhaustion in the sell-side. However, without a corresponding rally, this could signal a continuation of the downtrend rather than a reversal. A sustained rebound above the 0.1913 level would be needed to trigger a RSI recovery and MACD crossover.

Bollinger Bands

Bollinger Bands showed a significant expansion during the selloff from 21:30–22:00 ET as volatility spiked. Price closed near the lower band, suggesting a high probability of consolidation or a short-term rebound. However, the wide bands indicate ongoing uncertainty and could signal a possible continuation of the trend if the lower band is tested again.

Volume & Turnover

Volume was elevated during the sell-off, peaking at 26,135,776.2 at 21:30 ET, which supported the move lower. Turnover spiked at 24,050,533.89999999 during the same period, aligning with the price drop. However, volume was lower during the consolidation phase, suggesting weakening bearish momentum. Divergence between volume and price is not present, indicating that the move is still supported by strong selling pressure.

Fibonacci Retracements

Applying Fibonacci retracement levels to the major 24-hour swing (0.2552 to 0.0758), the 38.2% level is at 0.1768 and the 61.8% level is at 0.1665. Price has shown some support near the 38.2% level in the past 24 hours, with a potential bounce observed in the 05:30–06:00 ET range. A failure to hold above 0.1892 could push price toward the next Fibonacci level at 0.1768, with further downside possible to 0.1665.

Backtest Hypothesis

A backtesting strategy using a combination of 15-minute MACD crossover and RSI-based signals (e.g., RSI < 30 for oversold entry and RSI > 70 for overbought exit) could be applied to the observed downtrend. The bearish MACD and RSI levels suggest a potential short trade entry near the 0.1892–0.1885 support zone, with a stop-loss placed above the 0.1913 level to manage risk. A target could be set near the 0.1768 Fibonacci level. However, given the volatility and lack of strong bullish signals, this would be a high-risk, short-term strategy, best suited for aggressive traders with tight stop-loss parameters.