Market Overview for Sonic/Tether (SUSDT) - 24-Hour Summary as of 2025-09-14

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• Sonic/Tether (SUSDT) opened at $0.3193 and closed at $0.3196, within a 24-hour range of $0.3186–$0.3222
• Momentum weakened after a sharp drop to $0.3149 before recovering to close near the mid-range
• Volume spiked early, then declined as price stabilized, with a total volume of ~54.8 million and turnover of ~$17.5 million
• RSI and MACD suggest neutral momentum, with no overbought/oversold signals yet

Sonic/Tether (SUSDT) opened at $0.3193 on 2025-09-13 at 16:00 ET, reached a high of $0.3222, a low of $0.3149, and closed at $0.3196 as of 12:00 ET on 2025-09-14. The 24-hour volume was approximately 54.8 million units, with a total notional turnover of ~$17.5 million.

Structure & Formations

Price formed a bearish engulfing pattern at 17:15 ET, followed by a triple bottom near $0.3165–$0.3167, suggesting support at this level. A bearish inside bar appeared at 07:00 ET as a short-term consolidation signal. Resistance levels at $0.3195–$0.3202 and support at $0.3165–$0.3175 appear significant. A doji at 04:00 ET highlighted a moment of indecision.

Moving Averages

On the 15-minute chart, price hovered above the 20-period and 50-period moving averages, suggesting a neutral to slightly bullish bias in the short term. The 50-period line was near $0.3186–$0.3190, while the 20-period was at $0.3193–$0.3196. On the daily chart, price stayed above the 50-day and 100-day lines but below the 200-day MA, indicating medium-term uncertainty.

MACD & RSI

The MACD crossed into negative territory in the early morning, aligning with a short-term bearish shift before returning to a flat line by 07:00 ET. RSI reached a low of ~28 at 04:30 ET, suggesting oversold conditions, but failed to break the 30 threshold consistently. This may indicate that further support at $0.3165 could be tested. Momentum appears to be stabilizing, with no clear overbought signals yet.

Bollinger Bands

Bollinger Bands were wide from 01:15 ET to 03:30 ET, reflecting heightened volatility. Price moved within the bands for most of the session and briefly touched the lower band at 01:30 ET before bouncing back. A contraction between 05:15 ET and 07:00 ET suggests a potential breakout or breakdown may follow.

Volume & Turnover

Volume spiked sharply between 16:00 ET and 19:00 ET, coinciding with the price pullback to $0.3149, before tapering off in the early morning. Turnover mirrored the volume trend, showing a peak of ~$2.5 million at 17:15 ET. The lack of volume in the late session suggests a potential exhaustion in bearish pressure, with price consolidating in a range.

Fibonacci Retracements

The 0.618 retracement level at $0.3175 and 0.382 at $0.3193 showed strong price reactions. Price bounced off the 0.618 level multiple times and found resistance near the 0.382 level. Daily retracements from the swing high at $0.3222 and low at $0.3147 suggest potential support at $0.3165 and resistance at $0.3195–$0.3202.

Backtest Hypothesis

A potential strategy to backtest would involve using the RSI oversold signal at 0.3165 and a bullish engulfing pattern breakout at 0.3195 as entry triggers. Stops could be placed below key support levels, while targets could be set at the 0.382 and 0.618 retracement levels. The MACD line crossing above the signal line and volume increasing on a breakout would provide confirmation. This aligns well with the price behavior observed, particularly between 19:15 ET and 02:45 ET, where momentum and structure offered potential trade setups.