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

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• Syscoin/Tether trades lower on 24 hours with 0.03821 as top and 0.03655 as bottom
• Price action shows bearish divergence and a potential breakdown of key support at 0.0376
• Volatility is moderate with Bollinger Band squeeze followed by expansion after 05:00 ET
• RSI suggests oversold conditions, indicating potential short-term bounce near 0.0368
• High volume at key turning points suggests potential reversal activity

Syscoin/Tether (SYSUSDT) opened at 0.03774 on 2025-10-03 at 12:00 ET, reached a high of 0.03858, and closed at 0.03696 as of 12:00 ET on 2025-10-04. Total volume amounted to 8,266,226.0 units, while notional turnover stood at $314,103.60. The pair is exhibiting bearish momentum and key resistance and support levels are beginning to emerge.

Structure & Formations

Price action shows a bearish breakdown from the 0.0381–0.0382 resistance cluster, confirmed by a bearish engulfing pattern at the 06:00 ET window. A key support at 0.0376 was tested multiple times but failed to hold. A low at 0.03655 suggests potential bearish exhaustion or a new near-term bottom. A bullish hammer at 0.03685 may signal a possible short-term bounce.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bearish, with price below both and trending lower. The 50-period MA sits near 0.0380, acting as a temporary barrier. The 200-period daily MA is at 0.0378 and has failed to hold as support. This suggests a bearish bias is likely to continue in the short term.

MACD & RSI

MACD remains bearish with a negative histogram and a crossover below the signal line. The RSI has dipped into oversold territory, currently at 28, suggesting a potential short-term reversal or bounce. However, the RSI has not shown strong divergence yet, which reduces the likelihood of a strong countertrend rally.

Bollinger Bands

Volatility appears to have expanded following a period of contraction between 03:00–04:00 ET. Price has remained near the lower band since 05:15 ET, with a slight rebound observed at 09:45 ET. This suggests increasing bearish pressure and potential for a continuation move below 0.03655.

Volume & Turnover

Volume surged during key turning points, particularly at 17:15 ET (vol: 589,128) and 22:15 ET (vol: 415,577), both associated with bearish moves. Notional turnover aligns with volume spikes, confirming the strength of bearish moves. A divergence between price and turnover was not observed, suggesting no major reversal signals from volume.

Fibonacci Retracements

On the 15-minute chart, key Fibonacci levels include 0.0380 (38.2%), 0.0377 (50%), and 0.0374 (61.8%). Price has found some temporary support near 0.0376 (close to 61.8% of the recent swing high-low). A break below 0.0374 could open the door to 0.0368–0.0365 levels, where previous support is located.

Backtest Hypothesis

A potential backtest strategy involves entering a short position on bearish engulfing patterns or when price breaks below key support levels, confirmed by bearish volume and MACD divergence. Stops can be placed above the 20-period MA and targets set near the 61.8% Fibonacci level. RSI oversold readings could be used to identify potential countertrend entries for short-term bounces. This approach would benefit from a low-risk, high-reward structure during periods of consolidation and bearish momentum.