Market Overview for Sui/Tether (SUIUSDT): October 26, 2025

• SUI/USDT surged above $2.53 after a prolonged consolidation phase.
• A bullish breakout pattern formed with strong volume on October 26.
• RSI and MACD signaled growing momentum, suggesting possible continuation.
• Volatility expanded with price moving outside upper Bollinger Bands.
• Turnover surged to $1.6B as buyers overcame short-term resistance levels.

At 12:00 ET on October 26, SUI/USDT opened at $2.5336, surged to $2.6212, and closed at $2.6404 after 24 hours. The total traded volume was 29,618,880 tokens, with a notional turnover of approximately $77,363,925. The price action reflected a decisive break higher, supported by increasing participation and positive momentum.

Structure & Formations

The 24-hour chart for SUI/USDT displayed a strong bullish continuation from October 25’s consolidation phase. A breakout above $2.53 confirmed a potential reversal of bearish control. Notable candlestick patterns included a strong green body at 09:30 ET and a bullish engulfing pattern between $2.57 and $2.60, indicating strong institutional buying. Key support levels remain at $2.53–$2.55, while resistance is now expected at $2.66–$2.70.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages have both moved above the 1.5-period MA, signaling bullish momentum. The 50-period MA crossed above the 20-period MA in the early morning session, forming a golden cross. For daily traders, the 50-day, 100-day, and 200-day moving averages are all aligned in a bullish bias, confirming the long-term strength of the rally.

MACD & RSI

The MACD crossed into positive territory in the early morning and has remained above the signal line, suggesting ongoing bullish momentum. RSI climbed to 62–66 during the breakout, which, while not extreme, indicates strengthening buying pressure. A potential pullback could test the 50–55 RSI level, offering a short-term entry for longs with tight stop-loss placement.

Bollinger Bands

Volatility expanded significantly after the breakout as price traded beyond the upper Bollinger Band for several hours. The bands widened after the 09:30 ET candle, indicating increased uncertainty and aggressive buying. The recent close at $2.6404 remains above the upper band, suggesting that the current move may continue but faces risk if volume fails to sustain the rally.

Volume & Turnover

Volume surged sharply during the breakout, especially between 09:30–11:45 ET, with several 15-minute candles exceeding 600,000 tokens traded. The highest turnover occurred between $2.60–$2.62, where over $4.5M was traded in a single 15-minute interval. Price and volume moved in tandem, confirming the breakout’s legitimacy and signaling strong buyer conviction.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from $2.53 to $2.6212, key levels at 38.2% ($2.585), 50% ($2.575), and 61.8% ($2.566) were tested but not broken. On the daily chart, the 38.2% retracement of the longer-term swing from $2.49 to $2.65 sits at $2.575, indicating a potential support level ahead of further gains.

Backtest Hypothesis

A potential backtesting strategy involves entering longs on a bullish breakout above the 20-period moving average on the 15-minute chart, with a stop-loss placed below the most recent 15-minute candle’s low. A take-profit target can be set at the next Fibonacci extension level (78.6%) and the upper Bollinger Band. This setup was validated during the early morning session on October 26 when SUI/USDT crossed above both the MA and the 20-period RSI threshold. Given the recent confirmation and volume participation, this strategy may work well in the next 24–48 hours if the bullish momentum continues.