Summary
• Sophon/Tether traded in a tight range with 0.01434–0.01447 as key cluster support/resistance.
• A bullish engulfing pattern formed midday as price pushed above 0.01443 on rising volume.
• RSI showed moderate momentum at 53, while volume surged during the 22:15–23:00 ET session.
• Volatility expanded after 03:00 ET, with price testing 0.01447 before pulling back.
• Turnover diverged slightly from price during the 05:30–07:00 ET consolidation phase.
Sophon/Tether (SOPHUSDT) opened at 0.01406 on 2025-12-12 12:00 ET and closed at 0.01443 by 12:00 ET on 2025-12-13. The pair hit a high of 0.01448 and a low of 0.01404, with total volume reaching 9.8 million and a notional turnover of approximately $143,760.
Structure & Moving Averages
Price formed a bullish wedge on the 5-minute chart, with a critical support cluster near 0.01434 and a resistance zone at 0.01447. A bullish engulfing candle appeared at 22:45 ET as price broke above the 0.01443 level.
On the 5-minute chart, the 20-period MA (0.01437) and 50-period MA (0.01439) showed a positive crossover during the session. The 200-period daily MA sits at 0.01434, indicating a potential support level in the near term.
MACD and RSI Dynamics
The MACD turned positive in the late evening, confirming a potential short-term bullish bias. RSI reached 53 by 12:00 ET, suggesting moderate momentum with no clear overbought or oversold conditions. A bullish divergence appeared between price and RSI during the 05:30–07:00 ET consolidation phase.
Bollinger Bands and Volatility
Volatility expanded after 03:00 ET, with price briefly moving outside the upper Bollinger band at 0.01448. By 05:00 ET, the bands had widened, reflecting increased uncertainty. Price spent the final hours of the session near the middle band (0.01438), suggesting potential for a continuation or correction.
Volume and Turnover
Volume spiked during the 22:15–22:30 ET and 03:45–04:00 ET sessions, confirming price action during key breakout and consolidation phases. Turnover, however, showed a divergence between 05:30–07:00 ET as price consolidated but turnover declined. This may signal weakening conviction in the current trend.
Fibonacci Retracements
A 5-minute swing from 0.01404 to 0.01448 saw price stall near the 61.8% retracement level at 0.01437 before finding support and pushing higher. On the daily chart, a retracement from a recent swing high suggests 0.01434 as a critical level to watch ahead of the next move.
SOPHUSDT appears to have gathered bullish momentum during the second half of the session, especially around key resistance levels. A break above 0.01447 could test the next psychological level at 0.0145, though traders should remain cautious about potential pullbacks near 0.01434. Investors should monitor volume behavior and RSI divergence for early signs of trend exhaustion in the next 24 hours.
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