Market Overview for Syscoin/Tether (SYSUSDT) on 2025-10-24

• Syscoin/Tether (SYSUSDT) traded in a tight range today, with price action consolidating around 0.0287–0.0289.
• Key support at 0.0286 and resistance at 0.0289–0.0290 held, limiting directional momentum.
• Volatility remained subdued, with the 24-hour range of just 0.0004 and no clear breakout.
• Volume spiked midday and into the Asian session, indicating heightened but indecisive interest.
• RSI remains near neutral, while MACD shows weak momentum and no clear divergence.

Price Activity and Open Interest

Syscoin/Tether (SYSUSDT) opened the 24-hour period at 0.02872 on October 23 at 12:00 ET, reached a high of 0.02918, and closed the full 24-hour period at 0.02888 on October 24 at 12:00 ET. The pair’s lowest point during the session was 0.02829. Total volume for the 24-hour period was 5,317,050 units, with notional turnover reaching $151,851. Price action showed a tight trading range, with no clear trend emerging despite multiple attempts to break above 0.0289.

Structure & Formations

The 15-minute chart shows a range-bound pattern with Syscoin consolidating between key support at 0.0286 and resistance at 0.0289–0.0290. A few minor bullish engulfing patterns were observed during the afternoon and evening hours, but they lacked follow-through. No strong reversal patterns such as hammers, dojis, or piercing lines appeared. The price repeatedly rejected the 0.02906–0.02918 level and failed to form a decisive bullish or bearish breakout.

Moving Averages and Volatility

Using the 20 and 50-period moving averages on the 15-minute chart, price hovered just above the 50-period MA, suggesting a slight bias toward buyers but without a strong breakout. The Bollinger Bands reflected a contraction in volatility during the overnight and early Asian session, followed by a modest expansion during the European and U.S. hours. Price generally remained within the bands, indicating a lack of extreme overbought or oversold conditions.

MACD and RSI Momentum

MACD for the 15-minute chart showed a slow but positive divergence in the late afternoon and early evening, with the histogram expanding slightly above zero, indicating a tentative bullish bias. However, the signal line failed to cross above the histogram, and no clear trend was established. RSI moved between 50 and 55, suggesting neutral momentum and a lack of strong directional bias. No overbought or oversold conditions were observed for the duration of the session.

Fibonacci Retracements and Key Levels

Applying Fibonacci retracements to the recent 15-minute swing high (0.02918) and swing low (0.02829), the 38.2% and 61.8% levels corresponded to 0.02887 and 0.02861, respectively. These levels coincided with the observed support and resistance zones. The 0.02888 close price aligned closely with the 38.2% retracement level, suggesting a potential turning point for near-term buyers attempting a breakout or reversal. However, without confirmation of a close above 0.0289 or below 0.0286, the pair remains range-bound.

Volume and Turnover Analysis

Volume and turnover were both elevated during the Asian and European sessions, particularly between 21:00 and 05:00 ET, when trading surged to over 400,000 units per hour. This aligns with periods of attempted breakouts but failed to produce a sustained move. Price and turnover were in alignment during these hours, indicating participation rather than divergence. However, the lack of follow-through and a return to consolidation suggests that the market remains cautious.

Backtest Hypothesis

A backtest examining the “Bullish Engulfing” pattern on SYSUSDT from 2022-01-01 to 2025-10-24 found no valid setups, resulting in zero trades and no statistical output. This is likely due to the pair’s tendency to trade in a range with limited directional momentum, making reversal patterns rare or ineffective. Given this, alternative strategies might consider broader candlestick universes (e.g., Morning Star, Hammer) or include volume and RSI conditions to refine entry signals. Expanding the sample period or testing on a basket of altcoins may also improve the signal-to-noise ratio.