Market Overview for Sun/Tether (SUNUSDT) – October 8, 2025

• SUNUSDT opened at $0.0255, reached a high of $0.02594, and closed at $0.02556 within the last 24 hours.
• A late-night rally pushed price above the 61.8% Fib level, but failed to sustain momentum, leading to a pullback.
• Volume spiked during the 08:00–10:00 ET range, but price failed to form a bullish confirmation pattern.
• RSI dipped into oversold territory late morning, but failed to trigger a strong rebound, indicating fading bearish momentum.
• Bollinger Bands expanded during the late-night rally, suggesting heightened volatility and potential trend exhaustion.

24-Hour Snapshot

Sun/Tether (SUNUSDT) opened at $0.0255 on October 7 at 12:00 ET and closed at $0.02556 on October 8 at 12:00 ET. The pair reached a high of $0.02594 and a low of $0.02537 during the 24-hour period. Total volume was approximately 88.1 million SUN, while the total turnover was $2,225,480. The pair exhibited a volatile but indecisive price pattern, lacking strong directional conviction after a late-night rally failed to confirm a breakout.

Structure and Key Levels

The price structure shows a sharp rally forming a bullish but incomplete wedge pattern between $0.0257 and $0.02594, followed by a bearish correction into $0.02546. Key support levels appear at $0.02546 (touched at 10:45 ET) and $0.02537 (low of the day). Resistance is likely to retest $0.0256 and $0.0257 as the price consolidates in the $0.02545–$0.02560 range. A doji formed at $0.02576 (1:30 AM ET) indicating indecision and potential short-term reversal.

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Technical Indicators and Sentiment

RSI reached 62 during the rally, suggesting momentum was overextended but not overbought, and dipped below 30 into oversold territory by 10:30 AM ET, failing to generate a strong rebound. MACD showed a bullish crossover but failed to sustain a positive divergence as the rally collapsed. Bollinger Bands expanded during the overnight rally, reflecting increased volatility, and have since contracted, suggesting potential consolidation. The 20-period EMA crossed above the 50-period EMA, signaling a short-term bullish bias, though the 50-period EMA remains a key resistance.

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Volume and Turnover Analysis

Trading volume surged during the 08:00–10:00 ET window, coinciding with a pullback from $0.0257–$0.0256, but failed to confirm a strong bearish move. A divergence between price and volume is evident in the final 3 hours, where volume decreased despite a continued bearish bias, suggesting weakening selling pressure. Turnover remained steady throughout the day with no significant spikes, indicating moderate interest without signs of a large institutional move.

Backtest Hypothesis

The backtesting strategy involves a breakout-based approach triggered when the 20-period EMA crosses above the 50-period EMA on the 15-minute chart, combined with RSI above 50 and volume above the 20-period average. A stop-loss is placed at the recent swing low. This setup appeared valid during the 06:00–08:00 ET rally, where the EMA crossover occurred alongside a bullish volume spike. The strategy would have entered long near $0.0256, targeting $0.02575–$0.0258 with a stop at $0.0255. While the price reached the target, it failed to hold above, suggesting the strategy may benefit from additional volatility filtering to avoid false breakouts during choppy conditions.

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