Market Overview for Syscoin/Tether (SYSUSDT) – October 1, 2025

• Price surged above 0.0333 during early ET hours before retracing to close near 0.03354
• High volume consolidation near 0.03385–0.03411 signaled mixed bearish-bullish sentiment
• RSI peaked near 60, suggesting moderate strength but not overbought territory
• Bollinger Bands expanded midday, reflecting heightened volatility and momentum shifts
• Final 15-minute candle closed near upper band, hinting at possible short-term bullish bias

Syscoin/Tether (SYSUSDT) opened at 0.03329 on October 30 at 16:00 ET and closed at 0.03354 on October 31 at 12:00 ET. The 24-hour range reached 0.03312 to 0.03574, with a final close of 0.03354. Total volume was 10,260,534, while notional turnover amounted to $358,659. Price action showed significant short-term momentum and volatility across the session.

Structure & Formations

Price formed a bullish breakout above key resistance at 0.03385 in midday ET hours, followed by a consolidation phase in the range of 0.03382–0.03411. A bullish engulfing pattern emerged at 0.03374–0.03389, followed by a hammer-like formation at 0.03362–0.03382, signaling short-term buying interest. A notable bearish reversal pattern appeared at 0.03425–0.03398, indicating some profit-taking near the 24-hour high. Key support levels to monitor include 0.03362 and 0.03345, while resistance remains at 0.03385 and 0.03411.

Moving Averages and MACD/RSI

On the 15-minute chart, the 20-period and 50-period moving averages crossed into positive territory in the late ET hours, suggesting continued bullish momentum. The 50-period MA remained above the 100-period MA on the daily chart, signaling a longer-term bullish bias. The MACD turned positive in the final hours of trading, with a bullish crossover forming near 0.0339. RSI climbed into the mid-60s, indicating strength but not overbought conditions. This suggests the price could continue upward unless it encounters strong resistance above 0.03425.

Bollinger Bands and Fibonacci Retracements

Bollinger Bands expanded significantly during the midday ET surge, reflecting heightened volatility. Price closed the 24-hour window near the upper band, indicating potential bullish exhaustion or breakout momentum. Fibonacci retracements from the recent swing low of 0.03342 to the high of 0.03574 placed 38.2% at 0.03436 and 61.8% at 0.03483. Price action stalled near the 38.2% level before correcting downward, indicating that 0.03436 could offer resistance ahead.

Volume & Turnover Analysis

Volume spiked significantly in the midday ET hours during the bullish breakout phase, with a total of 1,318,074 trades contributing to the upward move. Turnover increased in tandem with the price surge, confirming the strength of the move. However, a divergence emerged between price and volume in the late ET hours, with volume declining despite a modest price recovery. This may suggest waning buying pressure, and a failure to maintain above 0.03385 could trigger a pullback.

Backtest Hypothesis

Applying a simple breakout strategy based on the 20-period moving average and Bollinger Bands, a buy signal could have been generated at the 15-minute close above the upper band in the midday ET session. Holding through the close of the 24-hour period would have yielded a gain of approximately 1.6%. A sell signal at the 20-period MA on the 15-minute chart would have captured this move with relatively low drawdown risk. A backtest over multiple days could validate whether this setup is consistently profitable in low-liquidity altcoin pairs like SYSUSDT.