Market Overview for Syscoin/Tether (SYSUSDT) – 2025-10-03

• Price surged to $0.03821 at 16:00 ET, up 1.2% from the prior day’s open.
• Volatility spiked midday as price moved between $0.03679 and $0.03821.
• Volume surged to 810,942 at 16:00 ET amid a bullish breakout.
• RSI and MACD showed rising momentum, with RSI approaching overbought territory.
• Bollinger Bands expanded as the price tested the upper band in late afternoon.

Syscoin/Tether (SYSUSDT) opened at $0.03665 on October 2, 2025 (12:00 ET-1) and surged to a 24-hour high of $0.03821 by 16:00 ET on October 3. The price closed the 24-hour period at $0.03808, marking a positive move amid a volume of 6,133,100 and a turnover of $226,000. This period saw increased volatility, especially after 14:30 ET, and a strong push above key resistance levels.

Structure & Formations

The price of SYSUSDT displayed a strong upward bias throughout the day, forming a series of higher highs and higher lows. A notable breakout occurred between 15:00 and 16:00 ET, where the price surged past a key resistance at $0.0378 and continued to climb to $0.03821. The formation of a bullish engulfing pattern at the open of the 16:00 ET candle suggests strong buying momentum. A bearish doji emerged around 10:00 ET, hinting at potential consolidation before the late-day rally.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both sloping upwards, confirming the short-term bullish trend. The 50-period MA acted as a support level at around $0.0373, which the price tested twice before bouncing. On the daily chart, the 50 and 200-period MAs are converging with the price, suggesting the trend could be entering a consolidation phase unless the 100-period MA is decisively breached.

MACD & RSI

The MACD line crossed above the signal line around 14:00 ET, signaling growing bullish momentum, which was confirmed by the histogram expanding through the remainder of the session. The RSI rose into overbought territory in the final two hours, reaching 68 by 16:00 ET. While this indicates strong momentum, it also suggests potential for a near-term pullback or consolidation.

Bollinger Bands

Bollinger Bands expanded significantly during the late afternoon session, reflecting increased volatility. The price moved beyond the upper band at 16:00 ET, reaching $0.03821, which is a strong bullish signal. However, prices may now be vulnerable to a retrace back toward the middle band as the bands contract, potentially offering a re-entry point for short-term buyers.

Volume & Turnover

Volume surged to 810,942 at 16:00 ET during the price breakout, confirming the strength of the move. Turnover peaked at $31,217 during that hour, showing strong participation. Earlier in the session, at 14:30 ET, volume was also elevated but did not result in a price break above the $0.0378 level. This divergence between earlier volume and later price action suggests the breakout was more meaningful and could signal a shift in sentiment.

Fibonacci Retracements

Fibonacci retracements drawn from the 24-hour low at $0.03679 and high at $0.03821 showed key levels at 38.2% ($0.03767) and 61.8% ($0.03784). The price tested both levels, with the 61.8% level acting as a minor resistance before the breakout. On the daily chart, the 61.8% retracement level from the prior swing high at $0.03796 and low at $0.03731 is now at $0.03764, which has provided recent support and could do so again if the price pulls back.

Backtest Hypothesis

Given the strong price action and confirmation from volume and technical indicators, a viable backtest strategy could involve entering a long position on SYSUSDT when the price closes above the 61.8% Fibonacci retracement level ($0.03784) and the 50-period MA with increasing volume. A stop-loss could be placed just below the 100-period MA at $0.0375, while a take-profit target may be set at the 161.8% retracement level of $0.0386. This setup would allow traders to capitalize on the breakout continuation while managing downside risk.