Market Overview: Sun/Tether (SUNUSDT) Faces Fresh Bearish Pressure

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 9, 2026 8:43 am ET1min read
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Aime RobotAime Summary

- SUNUSDT broke below 0.02010 support with a bearish engulfing pattern, confirming downward momentum.

- RSI entered oversold territory near 30, hinting at potential short-term bounce or consolidation.

- Price fell below 20-period Bollinger Bands' lower band, with volume spikes validating bearish conviction.

- MACD showed bearish divergence while Fibonacci levels suggest further downside if 0.02000 breaks.

- Despite possible 24-hour rebound, overall bearish bias persists with increased volatility expected.

Summary
• Price action showed bearish pressure, breaking below key support at 0.02010 with a bearish engulfing pattern.
• RSI entered oversold territory, suggesting potential for short-term bounce or consolidation.
• Volatility expanded as price fell below the 20-period moving average, confirming weakening momentum.

Sun/Tether (SUNUSDT) opened at 0.02014, peaked at 0.02018, and closed at 0.01998, with a low of 0.02002 over the 24-hour period. Total volume reached 20,463,210.0, while notional turnover hit approximately $409,264.24.

Structure & Formations


Price action formed a bearish engulfing pattern around 0.02013, confirming a breakdown below critical support at 0.02010. A doji appeared at 0.02004, signaling indecision and potential short-term reversal.

Moving Averages

On the 5-minute chart, price has remained below the 20-period moving average, suggesting continued bearish momentum. The daily chart shows no clear alignment with major MAs, indicating lack of strong directional bias in longer-term sentiment.

MACD & RSI


MACD showed bearish divergence with price, reinforcing the likelihood of further downside. RSI dropped into oversold territory near 30, pointing to possible near-term buying interest or a pause in the decline.

Bollinger Bands


Volatility expanded significantly as price fell below the lower band of the 20-period Bollinger Bands. This suggests increased bearish pressure and potential for consolidation or a rebound within the next 24 hours.

Volume & Turnover


Volume surged in the early hours of 2026-01-09, confirming bearish price moves. Turnover aligned with volume spikes, indicating strong conviction in the downward trend. No clear divergence was observed between price and turnover.

Fibonacci Retracements

On the 5-minute chart, price is now testing the 61.8% Fibonacci level of the prior bullish swing. A break below 0.02000 would target deeper retracement levels. Daily swings show limited relevance due to the flat trend.

While a short-term rebound may offer a brief counter-trend opportunity, the overall bearish bias remains intact. Investors should monitor for a break below 0.02000 and prepare for increased volatility in the next 24 hours.