Market Overview for Syscoin/Tether (SYSUSDT) – 24-Hour Analysis as of 2025-11-04

Summary• Price opened at $0.02444 and closed at $0.02403, with a 24-hour high of $0.02759 and low of $0.02352.• Significant volatility observed after 04:00 ET, with a sharp rally to 0.02759 before retracing.• Volume surged during the 04:15 ET–05:30 ET window, peaking at 4.7 million SYS.

Opening Narration

Syscoin/Tether (SYSUSDT) opened at $0.02444 on 2025-11-03 at 12:00 ET and closed at $0.02403 on 2025-11-04 at 12:00 ET. The 24-hour range was between $0.02759 (high) and $0.02352 (low), with price ultimately finishing lower. Total trading volume reached 26.9 million SYS, representing a turnover of approximately $615,000 in USD terms.

Structure & Formations

The price action displayed a strong bullish reversal pattern around 04:00–05:15 ET with a high of $0.02759, followed by a bearish engulfing pattern from $0.02759 down to $0.02589 by 05:30 ET. A long lower shadow at 15:45 ET signaled potential support around $0.02395. Key resistance appears to be forming around $0.0258–0.0262, while $0.0240–0.0242 appears to offer support on the lower side.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below the price around 08:00 ET, reinforcing bearish momentum. The 50-period MA was retested at $0.02507 and $0.02491 before breaking below. Longer-term (50/100/200-day) averages were not breached during the 24-hour window, indicating no fundamental shift in the broader trend.

MACD & RSI

The MACD crossed into bearish territory after 08:00 ET, remaining negative for much of the session. RSI dipped below 30 multiple times, suggesting oversold conditions at $0.02352. However, RSI failed to move above 50, indicating ongoing bearish pressure.

Bollinger Bands

Volatility was elevated between 04:00–05:30 ET, with price reaching the upper band at $0.02759. After the sharp drop, price moved closer to the lower Bollinger band multiple times, particularly between 08:00–10:00 ET, indicating increased consolidation and bearish bias.

Volume & Turnover

Volume spiked to 4.7 million SYS at 05:15 ET during the rally to $0.02759, confirming the move. However, volume during the subsequent drop to $0.02589 was also significant, with no clear divergence between price and volume. Notional turnover peaked at $13,000 during the 04:15 ET candle as price reached its intraday high.

Fibonacci Retracements

On the 15-minute chart, a key 61.8% retracement level appeared around $0.02415–0.02425, which held several times during the day. Daily Fibonacci levels suggested a potential support zone around $0.0240–0.0242 and resistance at $0.0258–0.0262.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions on bullish engulfing patterns near key Fibonacci support levels (e.g., 38.2% to 50%) on the 15-minute chart, with tight stops below the pattern’s low. Given the recent volatility, a trailing stop loss could be used to lock in gains. The 50-period moving average would serve as a dynamic confirmation level, with exit triggers when price closes below this threshold. This approach aligns with the observed volatility and key support/resistance dynamics during the 24-hour window.