Summary
• Price declined sharply from $0.01961 to $0.01865, forming bearish momentum.
• Key support tested at $0.01858–0.0186 with increasing volume clustering.
• MACD and RSI signal oversold conditions near $0.0185–0.0186.
• Volatility expanded during the session, with a 0.56% drop in price.
• No strong reversal patterns emerged before 12:00 ET.
Syscoin/Tether (SYSUSDT) opened at $0.01961 on 2025-12-13 at 12:00 ET, hitting a high of $0.01962 and a low of $0.01859 before closing at $0.01865 on 2025-12-14 at 12:00 ET. Total volume for the 24-hour period was 2,409,981.70 SYS, with a notional turnover of approximately $43,967.
Structure and Formations
Price tested key support levels below $0.0195 and $0.01945 on the 5-minute chart, with a critical pivot forming near $0.01858–0.01860. A bearish breakdown was confirmed as price failed to close above $0.0189, leading to a sharp decline. No strong bullish reversal patterns were formed, but bearish continuation signs like dark cloud covers were observed as price approached the 61.8% Fibonacci level of the recent $0.01962–0.01859 drop.
Moving Averages
On the 5-minute chart, price closed below both the 20- and 50-period SMAs, suggesting short-term bearish bias. The 50-period MA sat at $0.01952, while the 20-period MA trended lower at $0.01948. On the daily chart, price remained below the 50- and 100-period SMAs, with the 200-period SMA providing long-term bearish context.
Momentum and Volatility
MACD turned negative, with the line crossing below the signal line, confirming bearish momentum. RSI reached oversold territory near $0.0185–0.0186, suggesting potential for a near-term rebound or consolidation.
Bollinger Bands showed an expansion phase after early consolidation, with price finding a floor near the lower band.
Volume and Turnover
Volume spiked during the decline from $0.0195 to $0.0189, particularly between 19:00–23:00 ET, confirming the breakdown. Turnover increased in line with falling prices, showing no divergence. Strong volume was observed during the $0.01858–0.01860 cluster, which may act as near-term support.
Fibonacci Retracements
The key 61.8% Fibonacci level of the recent $0.01962–0.01859 drop is at $0.01896, which was tested and failed. Price is currently forming a potential base near $0.0186–0.0187, which could see consolidation or a short-term bounce.
Market appears to be consolidating near $0.01865 ahead of potential follow-through to the next support at $0.0184.
Traders may look for a rebound or break below $0.0186 to extend the near-term downtrend. As always, monitor for liquidity imbalances or sharp volume spikes that could signal unexpected moves.
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