Market Overview for Sophon/Tether (SOPHUSDT) as of 2025-12-11

Summary
• Sophon/Tether (SOPHUSDT) broke below key support at 0.01550, with bearish momentum evident on the RSI and MACD.
• A sharp 24-hour drop of 1.9% was driven by a 6.5% volume spike at 19:15 ET as price tested 0.01470.
• Volatility expanded through Bollinger Bands, with price lingering near the lower band, suggesting oversold conditions.
• Volume and turnover aligned during the selloff, indicating strong conviction in the downward move.
• Key Fibonacci levels at 0.01500 and 0.01477 appear to be in play for near-term direction.

Sophon/Tether (SOPHUSDT) opened at 0.01553 on 2025-12-10 at 12:00 ET, reaching a high of 0.01592 and a low of 0.01466 before closing at 0.01491 on 2025-12-11 at 12:00 ET. The pair recorded a total volume of 36,547,962 SOPH and a notional turnover of $546,608 over the 24-hour period.

Structure and Formations

Price action over the last 24 hours displayed a strong bearish bias, with SOPHUSDT breaking below key support at 0.01550, followed by a test of the 0.01470 level. A bearish engulfing pattern formed at 19:15 ET, confirming the downward shift. The 5-minute chart showed no bullish reversal signals, with a cluster of long lower wicks and short bodies reinforcing weakness.

Moving Averages

On the 5-minute chart, price has been below the 20 and 50-period moving averages for the last 6 hours, indicating bearish momentum. On the daily chart, the 50-period MA at ~0.01500 has become a short-term pivot level, while the 200-period MA is expected to offer medium-term resistance at ~0.01530.

MACD and RSI

The RSI on the 5-minute chart dropped to 28, signaling oversold conditions, while the MACD line crossed below the signal line at 19:15 ET, reinforcing the bearish trend. Momentum remains weak, with no immediate signs of a reversal in the near term.

Bollinger Bands

Volatility has expanded over the last 10 hours, with SOPHUSDT trading near the lower Bollinger Band for much of the session. This suggests a potential bounce from oversold levels, though the 0.01470 level may still act as a psychological floor.

Volume and Turnover

Volume surged during the selloff at 19:15 ET, with a 6.5% increase from earlier levels. Notional turnover aligned with the price drop, suggesting coordinated selling. There are no signs of divergence, indicating strong conviction in the bearish move.

Fibonacci Retracements

Applying Fibonacci levels to the 0.01466–0.01592 swing, the 38.2% retracement is at ~0.01508 and the 61.8% at ~0.01482, both of which could act as potential near-term levels.

The market appears to be testing a key support area, and a rebound toward 0.01500 or a breakdown below 0.01470 could set the tone for the next 24 hours. Traders should remain cautious for potential volatility and consider setting stop-losses accordingly.