Market Overview for SUNUSDT on 2025-11-01

• Sun/Tether trades near 0.02234, with a 24-hour high of 0.02245 and low of 0.02198, showing moderate bullish pressure.
• Volatility expanded mid-day, with Bollinger Bands widening, suggesting increasing price uncertainty.
• MACD remained positive, but RSI hovered near 50, indicating mixed momentum.
• Volume spiked during a bullish breakout in the morning, confirming price action.
• A 20-period MA on 15-min data shows a slight positive tilt, aligning with the recent uptrend.

Sun/Tether (SUNUSDT) opened at 0.02208 on 2025-10-31 12:00 ET, reached a high of 0.02245, a low of 0.02198, and closed at 0.02244 as of 2025-11-01 12:00 ET. The 24-hour trading volume totaled 27,934,750.0 and turnover reached approximately $631,738.52, reflecting increased market participation.

The price structure over the past 24 hours featured a notable low-to-high range of 0.00047, with two key support levels appearing around 0.02206 and 0.02198. A bullish breakout occurred in the early morning (ET) at 0.02220, followed by a consolidation phase. A doji formed at 0.02206, indicating indecision, while an engulfing pattern emerged at 0.02209, signaling potential continuation of the uptrend. Resistance levels appear at 0.02231 and 0.02240, with the former showing recent rejection. The 20-period MA on the 15-minute chart rose above the 50-period MA, forming a golden cross, which could support further bullish momentum.

Bollinger Bands widened significantly around 0.02227, reflecting growing volatility. Price spent the morning outside the upper band before retreating into the channel by mid-day. This suggests increasing buying pressure but also potential for profit-taking. RSI remained in neutral territory, fluctuating between 52 and 62, indicating that the asset is neither overbought nor oversold. The MACD histogram stayed positive for much of the day, with a slight contraction in the final hours, suggesting a potential slowdown in bullish momentum.

Fibonacci retracement levels drawn from the most recent 15-minute swing (0.02198 to 0.02245) positioned the current price near 61.8%, suggesting a possible reversal or consolidation phase. On the daily timeframe, Fibonacci levels from a larger move remain supportive of the recent upward trend. Volume and turnover data showed a strong peak around 0.02230, coinciding with a bullish breakout and confirming the move higher. Divergences were not evident, and volume generally aligned with price action.