Market Overview for Syscoin/Tether (SYSUSDT): September 15, 2025

• SYSUSDT declined from a 24-hour high of $0.04439 to a low of $0.03974, closing at $0.04029 with bearish momentum.
• RSI dipped into oversold territory, while MACD turned negative, suggesting potential for further downward pressure.
• Volatility expanded significantly, with Bollinger Bands widening after a period of contraction.
• Notional turnover reached $37.1M, with volume spikes correlating to key price declines.
• A bullish engulfing pattern emerged in the final 30-minute candle, hinting at short-term stabilization.

Syscoin/Tether (SYSUSDT) opened at $0.04401 on September 14 at 12:00 ET and closed at $0.04029 on the same time the following day. The pair traded as high as $0.04439 and as low as $0.03974. Total volume for the 24-hour period was ~44.3 million SYS coins, with notional turnover amounting to ~$37.1 million, reflecting heightened volatility and bearish sentiment.

Structure & Formations

Price action formed a descending channel, with support levels forming at ~$0.0420 and ~$0.0415. A key bearish breakdown occurred below the 0.0420 level, confirming a bearish bias. The last 30-minute candle showed a bullish engulfing pattern, suggesting potential for a short-term bounce. A doji at $0.04146 marked a moment of indecision before the final leg down.

Moving Averages

On the 15-minute chart, price closed below both the 20-EMA and 50-EMA lines, reinforcing the bearish momentum. On the daily chart, the 50-DMA crossed below the 200-DMA, forming a bearish death cross. The 100-DMA continues to act as a key resistance at ~$0.0430, which remains untested in the short term.

MACD & RSI

MACD turned negative and the histogram declined in strength, indicating fading bullish momentum. RSI crossed below 30 in the final 4 hours, signaling oversold conditions. However, divergence between price and RSI in the afternoon suggests a potential rebound may not be far off.

Bollinger Bands

Bollinger Bands saw a period of contraction in the early morning hours before expanding significantly during the bearish breakdown. Price closed below the lower band at $0.03974, indicating heightened volatility and bearish sentiment. A retest of the middle band at $0.0405 could trigger a short-term bounce.

Volume & Turnover

Volume spiked during key downward moves, particularly in the early hours of September 15, when price dropped from $0.04238 to $0.04153. Notional turnover peaked at ~$4.7 million during this time. A divergence between volume and price was observed in the final 60 minutes, with declining volume despite continued price movement suggesting a potential near-term pause in the downtrend.

Fibonacci Retracements

Applying Fibonacci retracements to the key swing high at $0.04439 and low at $0.03974, the 61.8% level (~$0.0417) has been tested and rejected. The 50% level (~$0.0421) remains a key area to watch for potential retests in the near term.

Backtest Hypothesis

A potential backtesting strategy for this pair could involve entering a short position on a confirmed bearish engulfing pattern (confirmed by close below the prior candle’s body) and a closing below the 50-EMA. A stop-loss could be placed at the high of the bearish candle and a take-profit at the next Fibonacci level of 61.8% (~$0.0417). This approach could be tested using historical 15-minute data from the past 30 days to determine win rate, average risk/reward, and maximum drawdown. The recent price action supports the idea that short-term bearish patterns can yield actionable signals in this high-volatility environment.