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Summary
• Sonic/Tether (SUSDT) formed a bullish engulfing pattern near $0.0804 and tested resistance at $0.0828.
• RSI reached 62 during the rally, suggesting moderate momentum but not overbought conditions.
• Volume spiked during the 5:45–6:00 ET window, coinciding with a sharp pullback to $0.0819.
• Bollinger Bands showed slight contraction before the breakout, hinting at a potential volatility shift.
• Fibonacci retracement levels suggest $0.0814 as a key support ahead of $0.0810.
Sonic/Tether (SUSDT) opened at $0.0802 on January 16, 2026, and reached a high of $0.0828 before closing at $0.0811 at 12:00 ET on January 17. The 24-hour volume totaled 11,193,860.3 USDT, with a notional turnover of $913,408.48.
Structure & Key Levels
Price action formed a bullish engulfing pattern at the $0.0804–0.0807 level and tested a recent resistance at $0.0828 during the late ET session. A bearish divergence appeared around 6:15–7:00 ET, with price falling to $0.0810 while volume remained strong. A key support at $0.0814 was confirmed by the final 5-minute close at $0.0811, aligning with the 38.2% Fibonacci retracement level of the previous 5-min rally.
Momentum and Volatility
RSI reached 62 early in the breakout, indicating growing bullish momentum, but not yet overbought conditions. Bollinger Bands showed a slight contraction before the $0.0828 high, suggesting the potential for increased volatility. Price remained within the upper and lower bands, avoiding extreme deviations.

Volume and Turnover
Volume surged in the 5:45–6:00 ET window, coinciding with a sharp pullback to $0.0819, signaling potential profit-taking. Notional turnover rose to $140,878.81 at the 16:00 ET peak, confirming the significance of the $0.0827 close. A divergence between rising price and falling volume in the 6:15–7:00 ET period may indicate weakening bullish conviction.
Forward-Looking Outlook
If the $0.0814 support holds, the market may attempt another test of $0.0828. However, a breakdown below $0.0810 could shift sentiment to the downside. Investors should monitor volume behavior around key levels and be cautious of a potential consolidation phase.
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