Market Overview for Syscoin/Tether (SYSUSDT) – 2025-12-09

Summary
• Price formed a bullish engulfing pattern near 0.0208 after testing a key support level.
• Momentum diverged slightly in the final hours, with RSI suggesting oversold conditions.
• Volatility expanded during the late afternoon, coinciding with increased volume.
• Bollinger Bands tightened earlier in the session before a breakout to the upside.
• Turnover surged during the 15:15–16:45 ET window, confirming a potential reversal.

At 12:00 ET–1, Syscoin/Tether (SYSUSDT) opened at 0.02107, reached a high of 0.02171, and a low of 0.0204, closing at 0.02171 by 12:00 ET. Total volume was 6.46 million, with notional turnover amounting to $142.54.

Structure & Formations

The price action showed a strong bullish reversal signal after a consolidation phase. A key support level at 0.0208 was tested, then held, followed by a bullish engulfing pattern that signaled potential buying interest. A doji formed near 0.02112, suggesting indecision before a breakout occurred in the late afternoon.

Moving Averages

The 5-minute 20-period moving average crossed above the 50-period line in the afternoon, suggesting short-term bullish momentum. On the daily chart, the 50-period MA is above the 100- and 200-period lines, indicating a bearish bias at larger timeframes.

MACD & RSI

MACD showed a positive divergence in the last three hours of the session, with a bullish crossover on the histogram. RSI dipped below 30 in the early morning before rebounding sharply, suggesting a potential oversold bounce.

Bollinger Bands

Volatility remained relatively contained in the early morning but expanded significantly after 16:00 ET. Price spent much of the session in the upper half of the bands, especially during the breakout. The contraction seen earlier in the morning may have acted as a precursor to the rally.

Volume & Turnover

Volume surged between 16:00 and 17:00 ET as price broke above 0.0216, confirming the strength of the move. Turnover also spiked during the breakout and was higher during upward moves, indicating strong buyer participation.

Fibonacci Retracements

On the 5-minute chart, the rally off 0.0204 closely followed the 61.8% Fibonacci level before extending to the 78.6% level. The daily swing from the 16:15–17:00 ET window aligns with the 38.2% Fibonacci level, suggesting a possible short-term target ahead.

Market participants may expect further upside potential in the next 24 hours, especially if price holds above 0.0214. However, traders should remain cautious of potential pullbacks to key Fibonacci levels or into overbought RSI territory, which could trigger profit-taking.