Market Overview: Sophon/Tether (SOPHUSDT) on 2025-12-29

Summary
• Price action showed bearish divergence in early session before late rally pushed SOPH DT above prior resistance.
• Volume surged by 50% in final 3 hours, confirming renewed buying interest.
• 5-minute RSI entered overbought territory near close, suggesting short-term momentum could pause.
• Bollinger Bands widened, reflecting increased volatility ahead of year-end.
• 20-period and 50-period MA crossed, forming bullish signal as price traded above both.

Sophon/Tether (SOPHUSDT) opened at $0.0127 on 2025-12-28 12:00 ET, reached a high of $0.01311, and a low of $0.01241, closing at $0.01276 by 2025-12-29 12:00 ET. Total volume was 20,490,948.0, with notional turnover of $263,204.55.

Structure & Formations

Price broke above the 0.01273–0.01274 resistance cluster on late-session buying, forming a bullish breakout pattern. Earlier, a bearish 5-minute engulfing pattern emerged at 18:30 ET on 2025-12-28, signaling a short-term correction. A key support level held at 0.01256–0.01258, preventing a deeper pullback.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 5-minute chart crossed above 0.01268, forming a golden cross. On the daily chart, price closed above its 50-period MA, reinforcing a positive trend. RSI on the 5-minute chart peaked at 68 near close, indicating possible near-term consolidation.

Volatility and Volume

Bollinger Bands widened significantly from 15:45 to 17:00 ET, reflecting heightened volatility. Volume spiked to over 3.6 million at 16:15 ET, supporting the price rebound. Notional turnover also rose sharply during the breakout, with no significant divergence between price and turnover.

Key Takeaways and Forward Outlook

The late-session buying action and volume confirmation suggest SOPHUSDT may test the 0.0130–0.0132 area in the coming days. However, a pullback to 0.01256–0.01258 is possible if momentum fails to hold. Investors should remain cautious of potential holiday-related liquidity shifts and overbought conditions.