Market Overview: Sophon/Tether (SOPHUSDT) on 2025-09-23

• Sophon/Tether (SOPHUSDT) closed higher at 0.02879, forming a bullish reversal pattern after hitting a 24-hour low of 0.02772.
• Momentum shifted midday with RSI and MACD divergence, indicating a potential shift in trend after a sharp rebound.
• Volatility spiked during the 3–4 AM ET window, with volume surging above 3.3M as the price rallied from key Fibonacci support.
• Bollinger Bands showed a contraction earlier, followed by a breakout to the upside post-3 AM ET.
• Turnover confirmed price action as volume and price aligned during the 5–6 AM ET rally, suggesting accumulation.

Sophon/Tether (SOPHUSDT) opened at 0.02845 on 2025-09-22 at 12:00 ET, reached a high of 0.0291, a low of 0.02772, and closed at 0.02879 at 12:00 ET on 2025-09-23. The 24-hour volume totaled 105,389,682.0 units, with a notional turnover of $2,990,713, indicating strong participation during the rebound.

The 15-minute chart shows a distinct shift in sentiment after a consolidation phase. The pair found support near 0.02804 and formed a bullish engulfing pattern following a sharp decline. A key resistance level appears to be forming around 0.0286–0.0287, with a breakout above 0.02885 signaling further upside potential. On the 20- and 50-period moving averages, the price is now above both, indicating short-term strength. The 50-period MA appears to be providing a dynamic support floor during the pullbacks.

RSI crossed into oversold territory at 27.3 before the rebound and surged to overbought levels (~68), suggesting short-term exhaustion. MACD turned positive at 0.00017, with the histogram forming a bullish divergence, hinting at continued upward momentum. Bollinger Bands were narrowly contracted during the pre-3 AM consolidation phase, followed by a breakout above the upper band. Volatility spiked during the 3–5 AM window as volume surged past 3.3M, aligning with the rebound in price.

Fibonacci retracements from the 0.02772 low to 0.02885 high show the price consolidating near the 61.8% level (~0.02843) before breaking out. This suggests accumulation by longs in the 0.0283–0.0285 range. The next key target appears to be 0.0291, which was the previous high, while a retest of 0.02804 could trigger further buying.

The backtest hypothesis is based on the observed divergence in MACD and RSI following a Fibonacci-based rebound. A buy signal was triggered when the price closed above the 50-period MA and RSI crossed above 50, with volume confirming the breakout. Stop-loss placement could be below the 0.02804 support level, with a take-profit target aligned with the 0.0291 resistance and potential extension of the 0.0287–0.0291 Fibonacci projection (~0.0294). This strategy may work well in a low-volatility environment with strong volume confirmation.