Market Overview for Sophon/Tether (SOPHUSDT)

Summary
• Price surged above $0.0129 and tested key resistance, with bullish momentum intensifying in afternoon ET.
• RSI hit 65, indicating near-overbought conditions with potential for consolidation.
• Volume spiked sharply post-ET, confirming strength in the upper range.
• Bollinger Bands widened, suggesting increased volatility and a possible breakout scenario.
• A 50-period MA on 5-min chart crossed above price, reinforcing short-term bullish bias.

Sophon/Tether (SOPHUSDT) opened at $0.01274 on 2026-01-02 12:00 ET, peaked at $0.01345, traded as low as $0.01264, and closed at $0.01314 at 12:00 ET on 2026-01-03. The pair recorded a 24-hour volume of 62,551,370 and turnover of $82,320.45.

Structure & Moving Averages

Price action showed a strong upward bias, with key resistance at $0.01305–$0.01315 being effectively cleared and retested. The 20-period and 50-period moving averages on the 5-minute chart both crossed above price, indicating short-term bullish momentum. Daily moving averages (50/100/200) are in ascending order, suggesting alignment with the 24-hour uptrend.

Momentum & Volatility

MACD turned positive and showed a bullish crossover in late ET, with histogram bars expanding as price surged past $0.0131. RSI reached 65, hinting at overbought territory, though not yet extreme. Bollinger Bands expanded significantly during the rally, with price staying near the upper band, signaling increased volatility and potential for a continuation or pullback.

Volume & Turnover

Volume spiked dramatically in the 13:00–16:00 ET window, particularly around the breakout of $0.0131, confirming conviction behind the move higher. Turnover also increased during the same period, reinforcing the strength of the bullish push. No notable divergence was observed between price and volume, suggesting aligned participation across market depth.

Fibonacci Retracements

Recent 5-minute swings showed key levels at 61.8% ($0.01303) and 78.6% ($0.01318) being tested and surpassed. On the daily chart, price is near the 61.8% retracement of its prior major downtrend, suggesting a critical level for potential continuation or consolidation.

Over the next 24 hours, SOPHUSDT may face pullback risks if RSI reaches overbought territory, but the strong volume profile suggests buyers remain in control. Traders should monitor the 20-period MA for support and watch for any reversal signals around $0.0132. As always, volatility remains high, and sudden corrections could occur if short-term momentum falters.