Market Overview for Sun/Tether (SUNUSDT) on 2025-09-13

• SUNUSDT opened at $0.02093 and closed at $0.02093 on 2025-09-13 ET, within a narrow $0.0209–$0.0214 range.
• Price surged to $0.02141 in midday trading but retraced sharply, ending near the 24-hour opening level.
• Volatility increased during the early morning (UTC) as price broke above a bullish 15-minute bullish engulfing pattern.
• A key resistance at $0.02125–0.02135 held as buyers failed to push past 61.8% Fibonacci levels.
• High volume during the breakout attempt suggests potential for a short-term reversal or consolidation.

Sun/Tether (SUNUSDT) opened at $0.02093 on 2025-09-12 at 12:00 ET, reached a high of $0.02141, a low of $0.0209, and closed at $0.02093 on 2025-09-13 at 12:00 ET. The 24-hour volume totaled 32,955,274.0 SUN, with a notional turnover of $6.98 million based on the weighted average price.

Structure & Formations

The price formed a bullish engulfing pattern during the early hours of 09-13, breaking above the key $0.02125 resistance. However, a subsequent bearish reversal developed in the afternoon, with a doji forming near $0.02128, signaling indecision. A critical support level appears to be forming at $0.02095–0.02100, which could hold if bears consolidate. A potential bullish hammer may emerge if price pulls back and closes above this level, but a break below would trigger a retest of the $0.02085 area.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages show a flattening trend after the morning breakout, suggesting waning momentum. On the daily chart, the 50-period MA is currently at $0.02102, crossing above the 100-period MA at $0.02098, indicating a potential bullish bias. However, the 200-period MA at $0.02092 remains as a critical long-term support. Price may test this level over the next 24 hours.

MACD & RSI

The 15-minute MACD line diverged from the price action after the morning breakout, with the MACD falling below the signal line as price declined. RSI reached overbought territory at 74 during the midday surge but quickly corrected into neutral territory at 52 by the close, indicating a bearish momentum shift. A re-entry into overbought conditions above 65 would signal renewed bullish intent, but for now, bears appear in control.

Bollinger Bands

Volatility expanded significantly during the morning as price broke out of a narrow Bollinger Band contraction. By late afternoon, the price retreated into the lower half of the bands, indicating bearish pressure. The current upper band at $0.02135 and lower band at $0.02094 could define the next 24-hour trading range. A sustained move above the upper band would confirm a breakout, while a close below the lower band would trigger a deeper correction.

Volume & Turnover

Volume spiked dramatically during the morning hours, with over 10 million SUN traded between 04:00 and 06:00 UTC. This high-volume breakout failed to sustain, leading to a significant pullback. Turnover increased in line with volume but did not confirm the bullish move, suggesting a lack of conviction among buyers. Divergence between price and turnover during the afternoon indicates potential weakness, with bears gaining control.

Fibonacci Retracements

On the 15-minute chart, the key 61.8% Fibonacci level at $0.02125 held as a resistance, but price failed to sustain above it. On the daily chart, the 38.2% retracement level at $0.02110 appears to be consolidating as a support. A break below the 50% level at $0.02099 could trigger a test of the 61.8% level at $0.02085. A retest of the 23.6% level at $0.02123 may occur during the next consolidation phase.

Backtest Hypothesis

The observed bearish reversal and divergence in RSI and MACD suggest a potential short-term bearish setup. A backtest strategy could involve shorting SUNUSDT on a close below $0.02100 with a stop-loss above $0.02125 and a target of $0.02090. This setup aligns with the key Fibonacci and moving average support levels identified. The high-volume breakout followed by a sharp pullback increases the probability of a continuation in the bearish direction, particularly if the next 24 hours see a failure to retest and hold above the $0.02125 level.