Sun/Tether Market Overview: SUNUSDT 24-Hour Analysis

• Sun/Tether (SUNUSDT) closed below its 24-hour high amid a bearish bias, with key resistance at 0.02228 tested but not held.
• Volatility expanded in the early hours, pushing prices from 0.02227 down to 0.02209 before a modest recovery.
• Volume spiked at 0.02215 (18:45 ET) and at 0.02208 (07:15 ET), suggesting key turning points in sentiment.
• The RSI signal is unavailable due to a missing ticker reference, but price behavior appears in oversold territory.
• A consolidation phase may follow the recent pullback as buyers test 0.02204–0.02212 support.

Sun/Tether (SUNUSDT) opened at $0.02227 on October 30, 2025 at 12:00 ET and closed at $0.02208 by 12:00 ET on October 31. The 24-hour high of $0.02232 was reached in the early session, while the low of $0.02209 occurred late into the session. Total trading volume was 69,086,998.0 tokens, with a notional turnover of approximately $1,535,785.00.

The 15-minute candlestick pattern reveals a bearish trend, with a series of lower highs and lower lows emerging as the session progressed. Notable formations include a bearish engulfing pattern around 17:00–17:15 ET and a potential bearish harami at 08:45–09:00 ET. The price appears to have found initial resistance at 0.02228 and 0.02222, while support zones have formed around 0.02215 and 0.02208–0.02209.

Bollinger Bands show a moderate expansion in volatility, with price hovering near the lower band in the late hours of October 31. This suggests a potential oversold condition and may indicate a temporary pause in the downward momentum. However, the absence of a clear RSI signal due to a missing ticker reference limits precise overbought/oversold analysis. Moving averages on the 15-minute chart show the 20SMA and 50SMA trending downward, reinforcing the bearish bias.

Volume and turnover were both elevated in the 15-minute timeframe around 18:45 and 07:15 ET, indicating key moments of accumulation or distribution. The price move at those times did not confirm strong bullish or bearish sentiment but highlighted volatility. A divergence between price and volume was noted in the late evening hours, suggesting a potential consolidation phase ahead. Fibonacci retracement levels show that the current price is near the 61.8% retracement of the recent 0.02232–0.02209 swing, offering a potential short-term floor for further bearish momentum.

The 50-period and 200-period moving averages on the daily chart indicate a longer-term bearish trend, with the price remaining below the 50DMA. This suggests a continuation of the downward trend is likely in the near term. MACD appears to have turned bearish in the late stages of the 24-hour period, aligning with the lower momentum and bearish candlestick formations. Traders should monitor 0.02204–0.02212 as a critical support range. If this level holds, a test of 0.02215 and 0.02222 may follow. A break below 0.02204 could accelerate the downward move.

Backtest Hypothesis
Due to the missing RSI data for the SUNUSDT pair, a backtest using a 3-day hold strategy from January 1, 2022 to October 31, 2025 cannot be completed at this time. However, based on the observed bearish momentum and key support levels, a potential backtest could use a strategy triggered at the 61.8% Fibonacci level, using the 50SMA as a dynamic stop-loss. A 3% target range above the entry point could be tested as a profit-taking level. Once the correct ticker symbol is confirmed, the missing RSI data can be retrieved and used to refine the backtest logic with oversold and overbought thresholds.