Market Overview for Sophon/Tether (SOPHUSDT) – 24-Hour Summary (2025-09-18)

• Sophon/Tether (SOPHUSDT) posted a bearish close after a strong intraday rally, with key resistance now at 0.0321–0.0324.
• Momentum waned in the final hours, as RSI declined from overbought territory to neutral, suggesting potential near-term consolidation.
• Volatility expanded significantly during the 23:00–04:00 ET range, with Bollinger Bands widening to over 0.0003 in width.
• Notional turnover spiked to $12.4M on the 15-minute chart, with divergence between price and volume seen in the 01:00–03:00 ET period.
• A bullish engulfing pattern formed at 0.03203–0.03209, suggesting a short-term rebound may be in play.

Sophon/Tether (SOPHUSDT) opened at 0.03094 on 2025-09-17 12:00 ET, reaching a high of 0.03247 and a low of 0.03072 before closing at 0.03246 on 2025-09-18 12:00 ET. Total volume was 10,877,732.0, with a notional turnover of approximately $344,000 over the 24-hour window.

Structure and formations show a clear bearish bias early in the session, with price falling to 0.03096 before reversing sharply. A strong 15-minute bullish engulfing pattern formed near 0.03203–0.03209, indicating potential short-term support. Key resistance levels are now defined at 0.0321 and 0.0324, with 0.03198–0.03201 likely to act as support in the near term. A notable 38.2% Fibonacci retracement level appears at 0.03217, aligning with a prior intraday consolidation point.

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The 20-period and 50-period moving averages on the 15-minute chart both crossed above the 30-minute price action, indicating potential bullish momentum. The 50-period daily MA remains below the 100 and 200-period lines, suggesting a longer-term bearish trend. MACD lines diverged during the early morning, with the histogram showing a peak before reversing. RSI dipped from overbought levels (above 70) to neutral (mid-50s), indicating a likely pullback after a sharp upmove. Bollinger Bands expanded significantly during the overnight trading session, reflecting heightened volatility.

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Volume spiked to over 1.1M during the 05:30–06:00 ET hour, coinciding with a price dip to 0.03176. This divergence suggests bearish pressure. Turnover spiked to $12.4M at 11:15 ET when price reached 0.03236. The 15-minute volume profile highlights a sharp increase in buying pressure during the 23:00–04:00 ET period, aligning with key resistance levels. However, price failed to maintain above 0.0324 on multiple occasions, indicating possible rejection at this level.

Backtest Hypothesis

Given the strong 15-minute bullish engulfing pattern at 0.03203 and the subsequent rebound into key Fibonacci levels, a potential backtest strategy could involve entering long near 0.03208 with a stop-loss at 0.03192 and a target at 0.0323–0.0324. The MACD and RSI divergence suggests a likely pullback, making this setup suitable for a breakout and pullback re-entry strategy. The volatility expansion seen in the Bollinger Bands also provides a favorable risk/reward profile, as larger spreads can accommodate tighter stops.