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Summary
• Sun/Tether traded in a tight descending range, forming bearish inside bars and doji near key resistance.
• Volume increased significantly after 05:00 ET, with a notable divergence between falling price and mixed turnover.
• RSI indicates oversold conditions, while MACD signals weakening bearish momentum with a possible near-term reversal.
Sun/Tether (SUNUSDT) opened at $0.02122 and closed at $0.02075 by 12:00 ET. The 24-hour low hit $0.02075, while the high reached $0.02125. Total volume amounted to 10,507,520 units, with a notional turnover of $220,557.
Structure & Formations
Price action on the 5-minute chart revealed a bearish consolidation pattern, with multiple doji and bearish engulfing candles forming at key resistance levels near $0.02115–$0.02122. The price has remained within a descending channel, suggesting potential for further downside as buyers appear reluctant to commit above this range.
Moving Averages

MACD & RSI
The MACD line showed a narrowing bearish divergence, with the histogram shrinking after 05:00 ET, suggesting a potential slowdown in the downward move. RSI dipped into oversold territory below 30 for much of the period, signaling the possibility of a near-term bounce if buyers re-enter.
Bollinger Bands
Volatility has been moderate, with Bollinger Bands showing a slight expansion during the evening trading session. The price remained below the midline of the bands, indicating bearish pressure has been consistent, though no sharp contraction or expansion has occurred.
Volume & Turnover
Volume surged after 05:00 ET, especially during the 05:15–06:00 ET window, but price failed to make a significant move, pointing to potential exhaustion. Turnover increased with volume but did not match the pace of the early session, suggesting mixed conviction in bearish moves.
Fibonacci Retracements
Recent 5-minute swings indicate a potential 38.2% Fibonacci retracement level near $0.02085, where buyers may test for support. On the daily chart, the 61.8% retracement level at $0.02080 could act as a key pivot for near-term buyers.
Looking ahead, a retest of the $0.02080–$0.02085 range may offer early entry points for cautious longs, but further bearish pressure is possible if support breaks. Investors should watch for volume confirmation or rejection at key levels, as divergences may indicate turning points.
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