Market Overview for Sophon/Tether (SOPHUSDT) – 24-Hour Review

Summary
• SOPHUSDT traded in a tight range before surging past key resistance near $0.01348.
• Volume spiked sharply during the break above $0.01348, confirming the move.
• RSI showed overbought conditions after the rally, while MACD turned bullish.
• Price tested and held above 38.2% Fibonacci level of the recent 5-minute swing.

Sophon/Tether (SOPHUSDT) opened at $0.01334 on 2026-01-15 12:00 ET, reached a high of $0.01468, fell to a low of $0.01313, and closed at $0.01354 on 2026-01-16 12:00 ET. The pair saw a 24-hour volume of 198,874,224.0 and a turnover of 2,839,680.34 USDT.

Structure & Formations

SOPHUSDT formed a bullish breakout pattern above $0.01348 after consolidating in a tight range. A large bullish candle on 001500 ET (2026-01-16) confirmed the break, and price held above this level during the following hours, suggesting $0.01348 could act as a new support. A bearish engulfing pattern later emerged near $0.01389, indicating potential near-term resistance.

Moving Averages

On the 5-minute chart, price moved above the 20-period and 50-period moving averages, indicating short-term bullish momentum. The 50-period SMA crossed above the 100-period SMA in the daily timeframe, signaling a possible continuation of the uptrend.

MACD & RSI

MACD crossed into positive territory, aligning with the upward move. RSI reached overbought territory near 72, suggesting caution. A divergence between RSI and price was not observed, which adds a layer of confirmation to the ongoing trend.

Bollinger Bands

Price broke above the upper band after a period of consolidation, indicating increased volatility. The move appears to be supported by the 38.2% Fibonacci retracement level of the recent 5-minute swing, which suggests the move could have some durability.

Volume & Turnover

Volume surged during the breakout above $0.01348, with the 001500–003000 ET timeframe showing the most intense activity. Notional turnover spiked alongside the price increase, providing confirmation of the move. No major divergence between volume and price was noted, suggesting the trend remains supported.

Fibonacci Retracements

Price tested the 38.2% retracement level of a recent 5-minute downward swing and held above it, which is a positive sign for continuation. On the daily chart, the 61.8% retracement of a broader decline remains a key resistance ahead.

The market appears to be in a transitional phase, with SOPHUSDT managing to hold above a key psychological level. Traders should watch for a potential pullback to test $0.01348 as support or a push toward $0.01389 as resistance. As always, volatility and liquidity conditions may shift quickly, so caution is warranted.