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Summary
• Sun/Tether traded in a narrow range, with key support at $0.01961 and resistance near $0.02025.
• Volume surged during late-night hours, confirming bearish momentum.
• RSI remains in oversold territory, suggesting possible near-term reversal.
• Bollinger Bands narrowed mid-session, signaling low volatility ahead.
• A long lower shadow emerged near the 24-hour close, hinting at potential rejection of lower prices.
Sun/Tether (SUNUSDT) opened at $0.02022 on 2025-12-24 at 12:00 ET, reached a high of $0.02025, and closed at $0.01963 on 2025-12-25 at 12:00 ET. The 24-hour trading range was between $0.01961 and $0.02025, with total volume of 14,277,193. Total turnover was approximately $279,960.
Price formed a key support level at $0.01961–$0.01963, confirmed by two consecutive consolidations in the morning. A bearish engulfing pattern was observed at $0.02020–$0.02021 during the 23:45 ET candle, signaling a shift in sentiment. A potential bearish trendline was formed from the intraday high of $0.02025 down to $0.01987.

The 20-period and 50-period moving averages on the 5-minute chart both trended lower throughout the session, confirming a bearish bias. On the daily chart, the 50-period and 200-period moving averages were not crossed during the period, suggesting the trend remains in a consolidation phase.
The 12:00 ET close saw the RSI at 27, indicating oversold conditions. MACD remained below the signal line for much of the session, confirming bearish momentum. A potential divergence between price and RSI could hint at a near-term bounce.
Bollinger Bands narrowed significantly between 23:00 ET and 00:30 ET, indicating low volatility. Price then broke down through the lower band and remained below it until the close, suggesting continued bearish pressure.
Volume spiked during the late-night to early-morning hours, particularly in the 00:00–02:00 ET window, with the highest 5-minute volume at 2,207,855. Turnover aligned with the bearish price action, with no signs of divergence between price and volume.
On the 5-minute chart, price tested the 61.8% Fibonacci level at $0.02008 before breaking below. On the daily chart, the 38.2% level at $0.01983 held briefly but failed to provide lasting support.
The price appears to be consolidating around a key psychological level, with the potential for a short-term bounce if it holds above $0.01961. However, a break below this level could signal further downside in the coming 24 hours. Investors should watch for a confirmation candle above $0.01975 to assess the strength of any reversal.
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