Market Overview for Sophon/Tether (SOPHUSDT) on 2026-01-18

Summary
• Sophon/Tether (SOPHUSDT) formed a bullish engulfing pattern near 0.01354, suggesting potential upward momentum.
• Price tested key support at 0.01332 and 0.0134, with a 20-period MA (5-min) crossing above the 50-period MA.
• Volatility expanded after 0.0134, with Bollinger Bands widening and price near the upper band around 0.01368.
• Turnover surged in early morning ET, reaching $15,715 at 11:15 ET, while volume spiked over 1.1M at 17:00 ET.
• RSI signaled overbought conditions above 0.01366 and oversold below 0.01338, with no clear divergence observed.

Sophon/Tether (SOPHUSDT) opened at 0.01348 on 2026-01-17, rose to a high of 0.01373, and fell to a low of 0.01325, closing at 0.01356 on 2026-01-18. Total volume was 11,496,370, and notional turnover amounted to $157,158.44 over 24 hours.

Structure and Momentum

The price displayed a clear bullish reversal pattern in the 5-minute chart near 0.01354, with a strong engulfing candle around 0.01351-0.01359. Key resistances emerged around 0.01368 and 0.01373, while supports formed near 0.0134 and 0.01332. The 20-period MA crossed above the 50-period MA, indicating a potential short-term bullish bias.

Volatility and Volume

Bollinger Bands expanded significantly during the late-night hours, with price reaching the upper band at 0.01368. Volume spiked above 1.1M around 17:00 ET, confirming the break above key resistance levels. Turnover aligned with volume surges, showing no divergence between price and trading activity.

Relative Strength and Fibonacci Levels

RSI reached overbought territory above 0.01366 and oversold below 0.01338, but no clear divergence suggested exhaustion. Price recently found support at the 38.2% Fibonacci level (0.01346) following a downward swing from 0.01373, with potential for a test of the 61.8% level at 0.01355.

Looking ahead, SOPHUSDT may consolidate near 0.01355-0.0136 if buyers hold key Fibonacci levels. Traders should monitor volume at 0.0134 for potential breakdowns and consider managing risk with stop-loss placements near 0.01335, as volatility remains elevated.