Market Overview: Syscoin (SYSUSDT) 24-Hour Action

Generated by AI AgentAinvest Crypto Technical Radar
Thursday, Aug 7, 2025 10:15 pm ET1min read
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Aime RobotAime Summary

- Syscoin (SYSUSDT) formed a bullish engulfing pattern near 0.0422, signaling potential short-term upside after consolidating within a 0.0417–0.0436 Bollinger Band range.

- A 958,715-unit volume spike at 11:45 ET coincided with a 0.85% price jump, confirming strong buying interest amid expanding volatility post-05:00 ET.

- RSI remained neutral near 50 while price tested 0.0425–0.0428 resistance twice, with a break above potentially targeting 0.0432–0.0436 as Fibonacci 78.6% extension aligns with the upper band.

- On-chain data shows $399,500 notional turnover and 9.4M volume in 24 hours, with MACD divergence and bullish bias above 20/50-period moving averages reinforcing short-term optimism.

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Syscoin
(SYSUSDT) formed a bullish engulfing pattern near 0.0422, signaling potential short-term upside.
• Price consolidated within a 0.0417–0.0436
Bollinger
Band range, with volatility expanding after 05:00 ET.
• Volume spiked above 900,000 at 11:45 ET, aligning with a sharp 0.85% price move—suggestive of strong buying interest.
• RSI hovered near 50, indicating neutral momentum with potential for either bullish or bearish breakout.
• A 0.0425–0.0428 resistance cluster was tested twice, with mixed outcomes; a break above could target 0.0432–0.0436.

Market Overview

Syscoin (SYSUSDT) opened at 0.0425 on 2025-08-06 12:00 ET, hitting a high of 0.0436 and a low of 0.0417 before closing at 0.04366 as of 12:00 ET on 2025-08-07. Total 24-hour volume reached 9,413,447, while notional turnover was approximately $399,500. Price action displayed a clear consolidation phase followed by a late bullish breakout.

Structure & Formations

Price tested key support at 0.0422 twice, with the second test forming a bullish engulfing pattern. This could suggest a short-term reversal from the 0.0417–0.0436 consolidation range. Resistance at 0.0425–0.0428 remains a focal point; a sustained break above could lead to a retest of the 0.0432–0.0436 upper band.

Moving Averages

On the 15-minute chart, price is currently above the 20-period and 50-period moving averages, suggesting a bullish bias in the short term. On the daily timeframe, price remains above the 50-day and 100-day lines but below the 200-day MA, pointing to a mixed medium-term outlook.

MACD & RSI

The MACD histogram showed a positive divergence in the final 90 minutes of the period, suggesting increasing bullish momentum. RSI remained in neutral territory (around 50), but a rising trend could signal a move toward overbought conditions if the rally continues.

Bollinger Bands

Volatility expanded as price moved out of a tight 0.0417–0.0428 range and into the upper Bollinger Band after 05:00 ET. Price closed near the upper band (0.0436), suggesting a continuation of the breakout could be in play.

Volume & Turnover

Volume surged at 11:45 ET with a 958,715-unit trade spike, coinciding with a 0.85% price jump. Notional turnover increased in tandem, confirming the strength of the move. Volume divergences were minimal, suggesting price action was broadly supported by liquidity.

Fibonacci Retracements

Applying Fibonacci to the 0.0422–0.0436 swing, the 61.8% level is at 0.0431, which was nearly touched. A close above this level could validate the 78.6% extension at 0.0436 as a new target.

Syscoin appears poised to test the upper range boundary of its consolidation pattern, supported by strong volume and a bullish engulfing formation. However, a pullback to test the 0.0428–0.0431 zone could still occur, especially if short-term momentum stalls. Investors should monitor the 0.0425 psychological level as a key support.