Summary
• Price tested key resistance near 0.09, consolidating mid-range after initial bullish attempts.
• Volume surged in late afternoon ET, hinting at growing buyer interest but mixed price action.
• RSI remains neutral, suggesting no clear overbought or oversold pressure in recent sessions.
At 12:00 ET on 2026-01-09, Sonic/Tether (SUSDT) opened at 0.089, reached a high of 0.0909, traded as low as 0.0882, and closed at 0.0894. Total volume for the 24-hour period was 15,470,600.0 and notional turnover reached 1,376,735.7.
Structure & Formations
Price formed a bullish engulfing pattern near 0.0882–0.0891 in early trading, followed by a bearish divergence at 0.0909. A strong rejection near 0.0909 suggests that resistance remains intact. A potential support cluster formed around 0.089–0.0892, with a bearish doji indicating indecision.
Moving Averages
On the 5-minute chart, price hovered above the 20SMA but under the 50SMA for most of the session, indicating a mixed trend. Daily MAs showed a slightly bearish bias, with 50DMA acting as a psychological level around 0.0896.
Momentum and Volatility
RSI remained in the mid-range (~50–55), showing no signs of overbought or oversold extremes. MACD lines showed a bearish crossover after a brief bullish push. Volatility expanded in the afternoon as Bollinger Bands widened, indicating renewed trading activity and potential trend development.
Volume and Turnover
Volume spiked in the late afternoon (15:00–17:00 ET), aligning with price attempts to retest 0.0909 and 0.0927. However, turnover failed to confirm strong directional momentum, indicating a tug-of-war between buyers and sellers.
Fibonacci Retracements
A 5-minute retracement from 0.0882 to 0.0909 showed key levels at 0.0893 (38.2%) and 0.0897 (61.8%), both of which saw price action consolidation. Daily retracement levels suggest a potential test of 0.0895–0.0900 as key pivots.
Looking ahead, SUSDT may attempt a test of the 0.0905–0.0910 level with a potential pullback to 0.089–0.0895 if momentum fails to confirm. Investors should watch for volume confirmation or divergence in the next 24 hours, as indecision could persist if no clear breakout occurs.
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