Market Overview for Syscoin/Tether (SYSUSDT) – 24-Hour Analysis (2025-11-10)

Summary• SYSUSDT opened at $0.03026 and closed at $0.03084, with a high of $0.03115 and low of $0.03012.• Price showed a bullish rebound off the $0.0305 support level, with volume surging after 00:00 ET.• Momentum indicators suggest overbought conditions, but a breakout attempt failed after 03:45 ET.

Syscoin/Tether (SYSUSDT) opened at $0.03026 at 12:00 ET on 2025-11-09 and closed at $0.03084 at 12:00 ET on 2025-11-10. During the 24-hour period, the pair reached a high of $0.03115 and a low of $0.03012. The total 24-hour trading volume was 10,068,016 and the notional turnover was approximately $308,520.

The price action displayed a strong bullish rebound from the key support level of $0.0305, confirmed by a bullish engulfing pattern forming around 23:30 ET on 2025-11-09. However, after reaching a high of $0.03115 at 01:00 ET on 2025-11-10, the pair consolidated, forming a bearish pinocchio at 03:45 ET, suggesting potential exhaustion in the rally.

Structure & Formations

Key support levels were identified at $0.0305 and $0.0302, while resistance levels formed at $0.0310 and $0.0312. A notable candlestick formation was the bullish engulfing pattern that appeared around 23:30 ET, signaling a short-term reversal from a downtrend to an uptrend. The pair also displayed a bearish pinocchio candle at 03:45 ET, suggesting buyers may be struggling to maintain control.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages (SMA) crossed over between 01:15 ET and 03:00 ET, forming a potential bullish signal. On the daily chart, the 50-period SMA is currently below the 200-period SMA, indicating a longer-term bearish bias.

MACD & RSI

The MACD line crossed above the signal line around 00:00 ET, confirming a bullish momentum shift. The RSI indicator reached 65 during the afternoon, indicating overbought conditions, though it did not cross into the overbought threshold of 70. This suggests the rally may face near-term resistance before reversing.

Bollinger Bands

Volatility expanded significantly after the bullish breakout at 00:00 ET, with the upper band reaching $0.03115. Price closed the 24-hour window just below the upper band, indicating strong momentum but also raising the possibility of a short-term pullback.

Volume & Turnover

Volume spiked dramatically at 23:30 ET and 00:00 ET, coinciding with the bullish breakout and initial consolidation. Notional turnover also increased, reaching a peak of $12,000 at 00:00 ET. Price and volume moved in alignment, confirming the strength of the breakout.

Fibonacci Retracements

The 50% Fibonacci retracement level from the recent swing low at $0.03012 to the high at $0.03115 is at $0.03063. The price has tested this level twice without a clear break, suggesting it may serve as a potential pivot point for the next 24 hours.

Backtest Hypothesis

The backtest strategy was implemented using bullish engulfing candlestick patterns as explicit entry signals, with a 1-day holding period and an 8% stop-loss. The strategy was tested on the 15-minute data to evaluate its effectiveness in capturing short-term momentum. The results showed a reasonable hit ratio and a favorable risk-reward profile, although the small size of the dataset may limit its generalizability. The performance statistics and trade list are available in the interactive module provided, which includes total return, max drawdown, and a comparison with a buy-and-hold approach.