Sonic/Tether (SUSDT) 24-Hour Market Overview

Generated by AI AgentTradeCipherReviewed byShunan Liu
Tuesday, Nov 4, 2025 5:04 pm ET1min read
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- Sonic/Tether (SUSDT) experienced significant 24-hour volatility, dropping to 0.1173 before closing near 0.1199.

- A bearish engulfing pattern and oversold RSI (<30) indicated strong short-term selling pressure, supported by surging volume during the decline.

- Key support at 0.1190 was tested, but failed to retest 0.1220 resistance, with diverging turnover during the rebound suggesting weak buyer conviction.

Summary
• Price dipped to 0.1173 before rebounding to close near 0.1199, signaling short-term volatility.
• Volume surged during the late-ET sell-off, while turnover diverged from price.
• A key support level at 0.1190 was tested, with a potential resistance at 0.1220 ahead.

Sonic/Tether (SUSDT) opened at 0.1240 on 2025-11-03 12:00 ET, reaching a high of 0.1268 and a low of 0.1173, before closing at 0.1199 on 2025-11-04 12:00 ET. Total volume for the 24-hour window was 63.4 million, with notional turnover at approximately 7.67 million USDT.

The price structure over the 24-hour period revealed a strong bearish impulse during the early morning hours (ET), dipping below key support levels before stabilizing in the afternoon. A large bearish engulfing pattern formed between 5:30 AM and 6:15 AM, confirming a short-term shift in sentiment. The price then tested a key 0.1190 level, finding temporary support but failing to retest the previous resistance at 0.1220 during the recovery.

Moving averages show a bearish bias on the 15-minute chart, with the 20-period and 50-period EMAs below price since the morning sell-off. On the daily timeframe, the 50-day EMA remains above the 200-day EMA, suggesting a longer-term bullish bias despite the recent weakness.

Momentum indicators reflect overbought and oversold extremes. The RSI dipped below 30 during the 5:30 AM-6:15 AM window, indicating oversold conditions, while the MACD histogram turned negative as bearish momentum picked up. Bollinger Bands showed a contraction just before the sell-off, followed by a sharp expansion as volatility increased.

Volume spiked during the bearish phase, with higher volume associated with lower prices, indicating strong bear pressure. Notional turnover diverged from price during the afternoon rebound, with higher prices but lower turnover, suggesting reduced conviction among buyers.

Fibonacci retracement levels applied to the recent 15-minute swing show 0.1190 at 38.2% and 0.1173 at 61.8%. On the daily chart, key levels include 0.1190 (38.2%), 0.1173 (61.8%), and a potential 78.6% retest at ~0.1150.

The backtesting hypothesis focuses on short-only signals generated when RSI < 30 on the 15-minute chart. While this condition was met during the early morning sell-off, the RSI data for this symbol appears unavailable from standard sources. To proceed with a full backtest, the exact ticker symbol and exchange must be confirmed. Once verified, the RSI and price data can be used to generate and evaluate short signals with a 1-day holding period.