Market Overview for Sun/Tether (SUNUSDT) as of 2025-09-27

• SUNUSDT surged 9.6% in 24 hours, driven by strong volume spikes and a bullish breakout above key resistance.
• Price formed a bullish engulfing pattern after 5:00 PM ET and held above the 0.02465 level overnight.
• RSI and MACD confirmed the strength of the rally with no signs of overbought conditions.
• Bollinger Bands showed a recent expansion as volatility rose ahead of the close.
• Turnover spiked 3.5x in the final 6 hours, suggesting accumulation and strong buyer participation.

Sun/Tether (SUNUSDT) opened at $0.02368 on September 26, 2025, at 12:00 ET and closed at $0.02559 on September 27, 2025, at the same time, marking a 9.6% increase. The 24-hour high reached $0.02685 while the low was $0.02368. Total traded volume was 181,913,392.0 and total turnover amounted to approximately $4,805,515. The rally was backed by strong volume and momentum indicators.

Structure & Formations

The price of SUNUSDT broke decisively above the 0.02465 resistance after 5:00 PM ET and continued rallying into early morning on September 27. A bullish engulfing pattern formed at this level, confirming a potential reversal from bearish to bullish sentiment. A key support level appears to be forming at 0.0244–0.0245 as the price tested this range multiple times during pullbacks, while 0.02585 and 0.02650 are likely to be the next levels of resistance on the upside. A doji candle appeared at 0.02565 in the early morning, indicating a potential short-term consolidation.

Moving Averages

On the 15-minute chart, the price consistently ran above the 20 and 50 SMA during the rally, suggesting strong momentum. On the daily chart, the 50 SMA is now at 0.02442 and the 100 SMA at 0.02428. These have acted as dynamic supports, and with the price now above both, the short-to-medium-term bias is clearly bullish.

MACD & RSI

The 15-minute MACD showed a positive crossover and a sharp upward move, indicating strong bullish momentum. RSI surged from the mid-50s to over 68 by 10:30 AM ET, but has since pulled back to the mid-60s. This suggests the asset is gaining strength but is not yet in overbought territory. The divergence between price and RSI during the final 3 hours remains neutral, as both moved higher in tandem.

Bollinger Bands

Bollinger Bands saw a noticeable expansion in the 6–8 hours after the breakout at 5:00 PM ET, indicating a surge in volatility. Price spent the final 4 hours inside the upper band, showing sustained buying pressure and a continuation pattern. A contraction is expected in the near term if the price consolidates above 0.02559, which would set the stage for another potential breakout.

Volume & Turnover

Volume and turnover both spiked dramatically after the 5:00 PM ET breakout, with the highest turnover recorded between 10:00 AM and 12:00 PM ET. The total turnover over the final 6 hours was approximately $3.2 million, accounting for over 65% of the total 24-hour turnover. This suggests active accumulation and likely participation from larger players. The volume profile also showed a divergence in the early morning hours, but it resolved quickly as price continued higher.

Fibonacci Retracements

Fibonacci retracement levels applied to the recent 15-minute swing from 0.02409 to 0.02685 show the 0.382 (0.02591) and 0.618 (0.02536) levels were tested and held. On the daily chart, the 61.8% retracement of the prior downwave is at 0.02466, which now appears to be a key pivot. The price has since moved above this level, indicating a shift in sentiment.

Backtest Hypothesis

A potential backtesting strategy could target the bullish engulfing pattern observed at 0.02465 on September 26, which preceded the significant rally. A long entry could be triggered after a close above the high of the engulfing candle (0.02465), with a stop loss placed just below the low of the pattern (0.0243). A take-profit target could be set at 0.02585 (the next Fibonacci level) or 0.02650 (a key psychological level). Given the strength of the volume and momentum indicators, this setup would be most effective when confirmed by a positive MACD divergence and a strong RSI above 50.