Market Overview for Sonic/Tether (SUSDT): October 31, 2025

• Sonic/Tether (SUSDT) declined sharply in early ET hours before stabilizing in the latter half of the 24-hour window.
• Price action showed a bearish breakdown below 0.1462 and failed to reclaim key resistance levels.
• Volatility spiked during the 19:15–20:30 ET window, with volume surging to over 3.6 million.
• Momentum indicators suggest oversold territory in the final 12 hours of the reporting period.
• Bollinger Bands narrowed in early hours before expanding as price volatility surged.

The Sonic/Tether pair (SUSDT) opened at 0.1474 on October 30 at 12:00 ET and closed at 0.1434 the following day. The 24-hour window saw a high of 0.1478 and a low of 0.1367, with total trading volume reaching ~72.4 million and notional turnover at ~$10.35 million. A sharp breakdown occurred after 19:15 ET when price dropped from 0.1418 to 0.1406 amid heavy volume. Price then moved sideways in the following 6–7 hours before attempting a recovery, showing a potential base formation around 0.1410–0.1430.

Key support levels emerged around 0.1415 and 0.1395, both of which saw price bounce multiple times. A bearish engulfing pattern formed at the start of the downtrend, signaling strong short-term bearish momentum. As price settled into a tight range in the last 6 hours of the 24-hour period, a potential reversal could be in play, though it remains unconfirmed.

The RSI(14) showed a reading in oversold territory in the final hours, suggesting a potential short-term bounce. However, a divergence between price and RSI is still evident: while price has failed to reclaim key levels, RSI has yet to confirm a reversal. MACD remained negative throughout, with the signal line crossing below the histogram, adding to bearish sentiment. Bollinger Bands had contracted in the early hours but expanded during the sharp drop, with price now hovering near the lower band, indicating increased volatility.

Volume spiked sharply after 19:15 ET, with one candle (19:15–19:30 ET) showing over 3.6 million in volume, more than three times the average in the preceding hours. Turnover also aligned with this, peaking at ~$5.1 million. This large volume move coincided with a breakdown below 0.1418, a key level that had previously acted as support. However, the subsequent consolidation around 0.1410–0.1430 suggests traders may be awaiting further confirmation before committing to a long bias.

Fibonacci retracements drawn from the key swing high (0.1478) and swing low (0.1367) indicate that 0.1410–0.1430 is a critical zone near the 38.2% retracement level. A successful test of this area could signal a short-term bottom, but failure to hold above 0.1415 could bring further bearish pressure.

Backtest Hypothesis

In an attempt to evaluate potential trading signals for the Sonic/Tether (SUSDT) pair, a backtesting strategy is being considered based on the RSI(14) indicator. The hypothesis involves identifying oversold conditions (RSI < 30) and holding the position for three days. However, a challenge remains in sourcing the correct RSI series for the pair, as the ticker “SUSDT” is not recognized by the available data source. The confusion likely stems from the lack of a direct Sonic/USDT token listed on major exchanges. One option is to treat Sonic Automotive stock (SAH.N) as a proxy for the “Sonic” asset, given the USD-peg of USDT. Alternatively, if a true Sonic/USDT token exists, its exact ticker (e.g., SONICUSDT) must be specified to proceed. Once the correct price series is identified, the backtest can be run from January 1, 2022, through the present to assess the effectiveness of the strategy.