Market Overview for Sophon/Tether (SOPHUSDT)

Summary
• Sophon/Tether closed higher at 0.02189, rebounding from a 0.02105 support.
• Volatility expanded with a 0.0212 to 0.02203 range, suggesting increased short-term activity.
• RSI approached overbought territory, hinting at potential near-term consolidation.

Sophon/Tether (SOPHUSDT) opened at 0.02141 at 12:00 ET–1 and closed at 0.02189 at 12:00 ET on 2025-11-13. The pair reached a high of 0.02203 and a low of 0.02105 during the 24-hour window. Total volume amounted to 130,651,385.00 and notional turnover reached $2,832,368.40.

Structure & Formations

The 24-hour candlestick pattern for SOPHUSDT displayed a bullish bias, with a late-day rally from 0.0216 to 0.02203. A potential 0.02105 support level was tested and held, with a subsequent rebound forming a bullish flag pattern. A 0.0216–0.02203 resistance cluster is now in play, with a 0.02213–0.02223 ceiling appearing key for short-term continuation.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA have diverged, with the 20SMA rising above the 50SMA, reinforcing a short-term bullish bias. On the daily chart, the price is above both the 50DMA and 100DMA, suggesting medium-term strength is intact, while the 200DMA remains a psychological hurdle at ~0.0194.

MACD & RSI

The MACD line turned positive during the late afternoon session, with a narrowing histogram suggesting slowing bullish momentum. The RSI hit a peak of 68 in the early morning before retreating to ~61, indicating a moderate overbought condition. A break above 70 could prompt a correction, while a drop below 50 would signal weakening bullish conviction.

Bollinger Bands

Bollinger Band width expanded significantly during the 16:00–19:00 ET window, reflecting increased volatility. Price action has since narrowed back into the upper band, with the 0.02189 close aligning with the 2-standard deviation upper channel. A break above this level would confirm a shift in volatility dynamics.

Volume & Turnover

Volume surged during the 03:00–07:00 ET window, with a peak of ~4.3M tokens traded, coinciding with a strong upward move. Turnover also spiked during this period, with a total notional value of ~$920,000. However, volume during the morning and late evening showed signs of fading, suggesting a potential topping pattern.

Fibonacci Retracements

Applying 38.2% and 61.8% Fibonacci retracement levels to the 0.02105–0.02203 swing, key support is at ~0.0215 and resistance at ~0.0219. Price action has hovered near the 0.0219–0.02203 cluster, with a test of this level likely in the coming sessions. A break below 0.0215 could trigger a deeper pullback toward the 0.02105 level.

Backtest Hypothesis

An attempted backtest focused on Bearish-Engulfing patterns occurring at 30-day rolling resistance levels showed no trades executed over the period from January 2022 to 13 November 2025. This suggests either the pattern is rare in SOPHUSDT under these parameters or the resistance definition is too strict. Relaxing the resistance criteria or testing on shorter timeframes could improve trade frequency. Given the recent volatility and momentum, testing 15-minute data might yield more actionable setups.