Market Overview for Syscoin/Tether (SYSUSDT) – 24-Hour Summary

Summary
• Price declined from $0.01869 to $0.01853 in early trading before forming a bearish trend.
• Strong bearish momentum persisted with RSI near oversold levels.
• Volume surged during the price decline, indicating conviction in the downward move.
• Bollinger Bands showed expanding volatility, with price staying near the lower band.
• A large bearish engulfing pattern formed after 06:00 ET, signaling a potential short-term low.

Market Overview

Syscoin/Tether (SYSUSDT) opened at $0.01862 on 2025-12-14 12:00 ET, reached a high of $0.01872, and closed at $0.01853 on 2025-12-15 12:00 ET. . The pair traded between $0.01840 and $0.01872 over the 24-hour window, with a total volume of 6.37M and turnover of approximately $115,825.

Structure & Formations

Price action formed a strong bearish trend after 06:00 ET, with a large bearish engulfing candle at $0.01863–$0.01852 signaling potential short-term exhaustion. Support appears to have held near $0.01840, with a series of lower highs and lower closes forming a descending channel. A potential short-term support is forming around $0.01835–$0.01840, where several candles reversed or stalled further declines.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages are bearish, with price remaining below both. The daily timeframe shows a similar bearish bias, with 50/100/200-period moving averages also trending downward, indicating a continuation of the broader bear trend.

Momentum and Indicators

RSI on the 5-minute timeframe has remained in oversold territory for extended periods, suggesting the move lower may be nearing a pause or consolidation. MACD has been bearish with negative divergence, showing that while price is lower, the rate of decline has slowed slightly.

Volatility and Bollinger Bands

Bollinger Bands have shown increasing volatility over the last 12 hours, with price consistently testing the lower band. A slight narrowing was observed in early hours of 2025-12-15, followed by a sharp expansion as the downward move accelerated.

Volume and Turnover

Volume spiked during the early morning session on 2025-12-15 as the price moved below $0.01850. Turnover increased significantly during the large bearish move from $0.01863 to $0.01840, supporting the bearish bias. No major divergence between price and volume was observed, suggesting the move remains conviction-driven.

Fibonacci Retracements

Recent 5-minute swings show a key 61.8% retracement level forming near $0.01840–$0.01845, aligning with recent support observed in candlestick patterns. Daily Fibonacci levels also highlight $0.01835 as a key area to watch for potential short-term stabilization.

In the next 24 hours, SYSUSDT may test the $0.01835–$0.01840 support zone before potentially consolidating or bouncing. However, risks remain to the downside if volume surges again and bears regain control.