Market Overview for Syscoin/Tether (SYSUSDT): 2025-09-23

• SYSUSDT opened at $0.03592, reached a high of $0.03647, and closed at $0.03619, with a 24-hour range of $0.03513 to $0.03647.
• Price consolidated near $0.0361–0.0362 before a late push higher, with volume increasing in key bullish windows.
• RSI moved into overbought territory temporarily, suggesting short-term momentum but no strong reversal signals.
• Bollinger Bands showed moderate expansion in the final hours, with price near the upper band.

24-Hour Price Action and Volume

Syscoin/Tether (SYSUSDT) opened the 24-hour period at $0.03592 on 2025-09-22 at 12:00 ET and closed at $0.03619 on 2025-09-23 at 12:00 ET. The pair hit a high of $0.03647 and a low of $0.03513, with total volume of 9,865,593. Total notional turnover was approximately $348,172, reflecting moderate liquidity and price discovery. The price moved in a narrow range for most of the day before a late surge toward the upper end of the range.

Structure & Key Levels

Support levels formed around $0.0356–0.0358 and $0.0351–0.0354, with resistance at $0.0361–0.0363 and $0.0364–0.0366. A bullish engulfing pattern appeared on the 15-minute chart around 03:15–03:30 ET, signaling a potential reversal from a decline. A bearish divergence in RSI and price during the 04:15–04:45 ET period suggested short-term caution. The price eventually tested the $0.0363–0.0364 resistance area with mixed follow-through, hinting at a possible pullback.

MACD, RSI, and Volatility Indicators

MACD showed a bullish crossover during the late evening, with positive momentum into the close. RSI briefly entered overbought territory above 70, peaking at 73 during the 15:15–15:30 ET window. Bollinger Bands expanded in the final hours of the session, with price approaching the upper band, indicating heightened volatility. A potential retracement could be expected if the 61.8% Fibonacci level at $0.0358 becomes a magnet for sellers.

Volume and Turnover Analysis

Volume increased significantly during the late-night hours (03:00–06:00 ET) as price rallied from $0.0356 to $0.0364. The most active 15-minute window was between 03:15–03:30 ET, with a volume spike of 426,611. Notional turnover mirrored this trend, peaking at $15,110 during that window. A minor divergence appeared between price and volume in the 06:15–06:45 ET period, suggesting a potential short-term pullback.

Forward Outlook and Risk

SYSUSDT could consolidate near the $0.0361–0.0363 zone over the next 24 hours, with a possible retest of $0.0358 as a key support level. Traders should remain cautious of a potential short-term reversal if volume wanes and RSI fails to hold above 50. A break above $0.0364 may trigger a new bullish phase, but downside risks persist if Fibonacci support at $0.0358 fails to hold.

Backtest Hypothesis

A potential backtesting strategy involves entering long positions when a bullish engulfing pattern forms on the 15-minute chart near key Fibonacci levels (38.2% or 50%), with stop-loss placed below the pattern’s low and take-profit at the 61.8% or 78.6% level. This approach aligns with the observed structure today, particularly around 03:15–03:30 ET when SYSUSDT formed a bullish engulfing candle near $0.0358. Given the recent MACD crossover and RSI momentum, this pattern could offer a valid entry point if confirmed by volume and a break above $0.0363.