Market Overview for Syscoin/Tether (SYSUSDT) – 2025-10-11

• Syscoin/Tether (SYSUSDT) posted a 24-hour low of $0.02455 after a sharp midday selloff but recovered to close near $0.02616.
• Volatility spiked during the 19:15–21:00 ET window, with a 74.3% drop in price from $0.03402 to $0.01942.
• On-balance volume surged during the selloff but failed to confirm bearish momentum post-rebound, suggesting mixed conviction.
• RSI reached oversold territory (below 30) on 2025-10-10 21:00 ET, hinting at potential short-term bounce, which partially materialized.

Price Action and Structure

Syscoin/Tether (SYSUSDT) opened at $0.03523 on 2025-10-10 12:00 ET and reached a high of $0.0354 before entering a steep decline that bottomed at $0.01942 by 21:30 ET. The price closed the 24-hour period at $0.02616 on 12:00 ET, with an intraday low of $0.02455. Total traded volume reached 34.7 million SYS, with notional turnover amounting to approximately $903,000. The price pattern showed a strong bearish engulfing formation during the midday selloff, followed by a consolidation phase and a partial rebound. A key support level appears to be forming near $0.0250, which has been tested multiple times with relative stability.

Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period moving averages have been trending downward since the midday drop, reflecting bearish control. The 20SMA crossed below the 50SMA early in the selloff, signaling a potential bearish signal. The daily chart shows the price trading well below its 50-period and 200-period moving averages, suggesting continued weakness in the broader trend. The RSI has recently moved out of oversold territory, currently hovering around the 45–50 range, indicating a potential pause in momentum. The MACD has turned positive in recent hours but remains weak, suggesting that while buyers have entered the market, bearish pressure may still dominate.

Volatility and Bollinger Bands

The price spent the majority of the 24-hour period outside the Bollinger Bands, especially during the selloff, indicating high volatility. A volatility contraction was noted from 00:00 to 02:00 ET, with the price consolidating near the 20SMA. The bands have since widened again as the price bounced, with current readings showing the price sitting near the upper band, which may suggest an overextended move upward. Traders may watch for a possible reversal or consolidation if the upper band acts as resistance.

Fibonacci and Key Levels

Applying Fibonacci retracement to the key selloff from $0.03402 to $0.01942, the price rebounded around the 61.8% level ($0.0261), which closely matches the closing level. The 38.2% retracement level is at $0.0272, and the 50% level at $0.0257, both of which could serve as potential resistance zones in the coming session. On the 15-minute chart, smaller retracements are forming near $0.0255–$0.0257, with $0.0252–$0.0253 offering a key support cluster.

Backtest Hypothesis

Given the recent price action and structural levels identified, a viable backtest strategy could focus on a breakout/retest framework. Specifically, the market showed a clear test of the $0.0250–$0.0255 support range during the consolidation phase, with volume increasing on each retest. A long bias could be triggered on a confirmed breakout above $0.02635—identified as the 61.8% retracement and a key psychological level. A stop-loss could be placed below $0.0250, with a target near $0.0270–$0.0275. This approach leverages both Fibonacci retracements and volume confirmation, aligning with the observed momentum shift in RSI and MACD.