Market Overview for Sophon/Tether (SOPHUSDT): January 8, 2026

Summary
• SOPHUSDT formed bullish engulfing patterns on the 5-minute chart during key support levels.
• Price retreated to 0.01335–0.01337, a prior 5-minute Bollinger Band floor and Fibonacci 61.8% level.
• Turnover surged above $150k at the 10–11 AM ET peak, but volume failed to confirm further upside.
• RSI signaled oversold conditions below 30, suggesting potential for a short-term rebound.
• Volatility expanded in the morning, with price widening the Bollinger Bands by 12% from the 5-minute average.

Sophon/Tether (SOPHUSDT) opened at $0.01338, reached a high of $0.01392, and a low of $0.01277, closing at $0.01283 as of 12:00 ET. Total 24-hour volume was 66,724,105 tokens, with notional turnover of $950,244. Price activity reflected heightened volatility and mixed momentum signals.

Structure and Patterns

Price formed a bullish engulfing pattern around 5:15 AM ET as SOPHUSDT rebounded off 0.01335, a level previously acting as a 5-minute Bollinger Band floor and Fibonacci 61.8% retracement. This level appears to have offered repeated support, though a confirmed breakout remains pending.

Moving Averages and Momentum

On the 5-minute chart, price closed below the 20-period and 50-period moving averages, indicating a bearish bias. The 12:00 ET close at 0.01283 aligned with a 5-minute RSI reading near 30, signaling oversold conditions. A bounce or consolidation above 0.01337 could reinvigorate short-term bullish sentiment.

Volatility and Divergence

Volatility spiked in the early morning with a 12% expansion in Bollinger Band width following the 0.01392 high. While volume surged to over 7 million tokens at the peak, the corresponding price reversal suggests a lack of conviction. A divergence between volume and price movement after 4 PM ET raises caution for further downside risks.

Forward-Looking Perspective

The next 24 hours may test SOPHUSDT’s ability to retest and hold above 0.01337–0.01335. A sustained move below this range could trigger a test of the 0.0132–0.0128 consolidation floor. Investors should remain cautious of volatility-driven whipsaws and watch for divergence in volume patterns.