Summary
• Sun/Tether (SUNUSDT) formed a bearish breakdown below key support at $0.02015 on heavy volume.
• Momentum weakened as RSI approached oversold levels, signaling potential for short-term bounce.
• Volatility expanded as price traded within widening Bollinger Bands, suggesting increased market uncertainty.
• Volume spiked during the breakdown, confirming bearish sentiment but hinting at exhaustion.
• Fibonacci levels at 0.02010 and 0.02015 acted as significant barriers, with price consolidating near the 61.8% retracement.
Sun/Tether (SUNUSDT) opened at $0.02027 on 2025-12-13 12:00 ET, reached a high of $0.02028, a low of $0.02008, and closed at $0.02017 on 2025-12-14 12:00 ET. Total volume was 14.85 million SUN, with a notional turnover of $299,100 over the 24-hour window.
Structure & Formations
Price broke below a key support level near $0.02015, with a bearish engulfing pattern forming around the breakdown. A large bearish candle closed the 5-minute session at $0.02017 after testing $0.02013. The 61.8% Fibonacci retracement at $0.02013 appears to have capped the bounce.
Moving Averages
On the 5-minute chart, the price moved below the 20- and 50-period moving averages, reinforcing the bearish trend. On the daily chart, the 50-period MA remains above the 200-period MA, suggesting a broader neutral to bullish setup despite the recent weakness.
Momentum & Volatility
Relative Strength Index (RSI) for the 5-minute chart dipped near 30, indicating oversold conditions and a potential short-term bounce. Momentum appears to be waning, with MACD crossing into negative territory. Volatility expanded throughout the day, with Bollinger Bands widening as price action moved between $0.02008 and $0.02028.
Volume & Turnover
Volume spiked during the breakdown below $0.02015, confirming bearish momentum. However, turnover did not match the increase in volume, suggesting some divergence. Turnover declined significantly during the consolidation phase near $0.02015–$0.02017, indicating reduced conviction from traders.
Forward Outlook & Risk
With price stabilizing near $0.02015–$0.02017 and RSI showing oversold conditions, a rebound to test $0.0202 is possible. However, a retest of $0.02013 could trigger further bearish pressure. Investors should remain cautious, as a break below $0.02010 could signal a deeper correction in the short term.
Comments
No comments yet