Market Overview for Syscoin/Tether USDt (SYSUSDT): 24-Hour Analysis

• SYSUSDT opened at $0.03977, surged to $0.04164, retracted to $0.03961, and closed at $0.04086 within 24 hours.
• Price formed a bullish engulfing pattern post $0.04042, and a doji near $0.04082, suggesting indecision at higher levels.
• Momentum via RSI accelerated above 60, while volume spiked at key breakout levels, confirming strength in the move above $0.0406.
• Bollinger Bands expanded during the late-session rally, reflecting rising volatility and potential continuation.
• Total traded volume reached 4,589,264.0 and notional turnover hit $185,747.83, indicating heightened interest and speculative activity.

Syscoin/Tether USDt (SYSUSDT) opened at $0.03977 on 2025-09-09 at 12:00 ET, climbed to a 24-hour high of $0.04164, touched a low of $0.03961, and closed at $0.04086 by 12:00 ET the next day. The pair traded 4,589,264.0 in volume with a notional turnover of approximately $185,747.83 across the 24-hour window, showing increased participation and trend acceleration.

Structure & Formations

The candlestick pattern formed after 03:30 ET on 2025-09-10 was a bullish engulfing pattern, signaling a potential reversal in the short-term downtrend. A doji appeared around $0.04082, indicating market uncertainty as the pair approached that level. The price action suggested that sellers were stepping in after the $0.04062 level, but bullish momentum was able to push past it. A key support level appears to be $0.0399–0.0400, and $0.04042–0.04062 acted as a strong resistance-turned-support during the session.

Moving Averages

Using 15-minute data, the 20-period SMA crossed above the 50-period SMA, confirming a short-term bullish bias. On a daily time frame, the 50-period SMA is above the 200-period SMA, suggesting a moderate uptrend. The 100-period SMA is also rising, aligning with the longer-term trend. The current price is trading above all three MAs, indicating a continuation of the bullish momentum for the near term.

MACD & RSI

The RSI on the 15-minute chart rose above 60, reaching a high of 71, indicating overbought conditions toward the end of the session. However, the price did not yet show signs of rejection, and the RSI pullback was not sharp enough to suggest exhaustion. The MACD line moved into positive territory and remained above the signal line, confirming the bullish momentum. A potential divergence between RSI and price may emerge if the price breaks above $0.0410 without a corresponding RSI peak.

Bollinger Bands

Bollinger Bands showed expansion during the late session rally, with the price testing the upper band at $0.04164 and closing near $0.04086, which lies slightly below the upper band. This suggests increased volatility and a possible breakout scenario. If the price can hold above $0.0410, the bands may widen further, increasing the likelihood of a continuation of the upward trend.

Volume & Turnover

Volume was highest during the 02:30–06:00 ET window, coinciding with the sharp rise above $0.04062. The notional turnover during that time exceeded $100,000, indicating significant buying pressure. In contrast, volume dipped during the 09:00–10:00 ET period as the price consolidated, showing a temporary pause in momentum. A price-volume divergence has not yet formed, as price and volume remain aligned in the bullish direction.

Fibonacci Retracements

Applying Fibonacci retracements to the key swing from $0.03961 to $0.04164, the 38.2% retracement level sits at $0.04063, which the price tested and held. The 61.8% level is at $0.04012, which acted as a minor support earlier in the session. If the price consolidates around $0.04063 and forms a bullish pattern, it may indicate a continuation of the uptrend, with the next target at $0.04125.

Backtest Hypothesis

Given the formation of a bullish engulfing pattern and confirmation from volume and RSI, a potential backtest strategy could involve a 15-minute breakout strategy. A long entry could be triggered when price closes above the $0.04062 level, with a stop loss placed below the $0.04032 level. A target could be set at the 61.8% Fibonacci retracement at $0.04063, with a second target at the $0.04125 level. This approach would rely on the convergence of volume, RSI, and Fibonacci levels for entry and exit signals.