Market Overview for Syscoin/Tether (SYSUSDT) – 2025-10-04

• Syscoin/Tether (SYSUSDT) drifted lower over the past 24 hours, forming a bearish consolidation pattern.
• Key resistance near 0.03825 and support at 0.0376–0.0377 were tested multiple times.
• Volume spiked at 0.0381–0.0382, while turnover confirmed bearish momentum.
• RSI approached oversold territory, suggesting potential for a near-term bounce.
• Volatility expanded in the late-ET hours, as the pair tested a 38.2% Fibonacci level.

The Syscoin/Tether pair (SYSUSDT) opened at 0.03774 at 12:00 ET-1 and reached a high of 0.03858 before closing at 0.03734 at 12:00 ET on 2025-10-04. The total volume over the 24-hour period was 3.66 million, with a notional turnover of $137,000. Price action was marked by a bearish consolidation trend, with key levels at 0.03825 and 0.0376–0.0377 showing repeated resistance and support.

Structure and formations over the 15-minute chart reveal a series of bearish engulfing patterns after the 19:00 ET hour, particularly at 0.0381–0.0382. A notable doji appeared around 21:45 ET at 0.0381, suggesting indecision. Resistance levels at 0.03825–0.0383 and 0.03858–0.0386 have been tested multiple times. On the support side, the 0.0376–0.0377 cluster held through most of the session, although a breakdown below 0.03765 late in the night signaled a potential shift.

The 20-period and 50-period moving averages on the 15-minute chart remained bearish, with the 50-period line dipping below the 20-period line after 20:00 ET. On the daily chart, the 50-, 100-, and 200-period lines remain bearish, with price below all of them. This alignment reinforces the current bearish bias. The MACD line crossed below the signal line around 17:30 ET, confirming a shift in momentum. RSI approached oversold levels (below 30) after 01:30 ET, hinting at potential short-term recovery.

Bollinger Bands show a moderate expansion in volatility after 19:00 ET, with price moving near the upper band before retreating. By the end of the session, the pair closed near the lower band, indicating increased bearish pressure. On the 15-minute chart, key Fibonacci retracement levels of 0.0381 (38.2%), 0.03805 (50%), and 0.03795 (61.8%) were tested throughout the day. The 38.2% level held temporarily before a final breakdown late in the session.

Volume and turnover data show a strong bearish confirmation in the 17:15–18:30 ET window, particularly at 0.0381–0.0382. Turnover spiked at $16,000 during this period, aligning with the price drop. Later in the night, a divergence appeared between volume and price: as the pair broke below 0.03765, volume failed to confirm the move, suggesting potential for a short-term bounce or consolidation.

Backtest Hypothesis

A possible backtesting strategy for SYSUSDT could focus on bearish momentum confirmed by both RSI and MACD divergence. For instance, a sell signal could be triggered when price breaks below a key Fibonacci level (e.g., 0.03805) and RSI drops below 30 while MACD confirms bearish momentum. Stops could be placed just above the nearest resistance (e.g., 0.03825–0.0383) and targets set at the next support level (0.0376–0.0377). This setup would require confirmation from volume, particularly in the 17:15–18:30 ET window, where large bearish volume aligned with price movement. A potential entry could occur after a consolidation at 0.0377–0.0378 with a retest of the 0.0376–0.0377 support.