SushiSwap/Tether Market Overview

• SushiSwap/Tether (SUSHIUSDT) edged higher by 0.59% in 24 hours amid increased volatility and volume spikes post-20:00 ET.
• Price found support at 0.797 and resistance near 0.805, with a bullish engulfing pattern forming late in the session.
• RSI hovered near 54, suggesting neutral momentum, while Bollinger Bands widened, signaling rising market uncertainty.
• Volume surged past 700k in key clusters between 20:15 ET and 22:15 ET, confirming breakouts and reinforcing short-term bullish bias.
• Fibonacci retracement levels at 0.798 and 0.811 played a role in intra-day price reactions and trend continuation.

Market Overview for SushiSwap/Tether (SUSHIUSDT)

SushiSwap/Tether (SUSHIUSDT) opened at 0.7685 on September 17, 2025 at 12:00 ET, and closed at 0.8064 at 12:00 ET on September 18, reaching a high of 0.8236 and a low of 0.7630. Total traded volume was 6.23 million tokens, and notional turnover amounted to $4.97 million, indicating moderate to high activity.

The 24-hour period featured several distinct price swings, beginning with a bearish impulse from 16:00 to 19:30 ET, followed by a sharp reversal and sustained bullish momentum from 19:30 onward. A key bullish engulfing pattern formed around 19:30 ET, confirming a shift in short-term sentiment. Price found strong support at 0.797 and 0.786, and key resistance at 0.805 and 0.822, with the latter acting as a recent ceiling before consolidation.

Looking at the indicators, the 20-period and 50-period moving averages on the 15-minute chart showed price above both, reinforcing a bullish bias. MACD turned positive around 20:00 ET, with a narrow histogram converging to signal potential continuation. RSI remained neutral in the 50–60 range, indicating no immediate overbought or oversold conditions.

Bollinger Bands expanded during the late afternoon and early evening hours, reflecting heightened volatility. Price spent most of the session within the bands, except for a brief break above the upper band at 20:30 ET, which was later confirmed by a strong close. Volume spiked repeatedly between 20:00 and 22:30 ET, coinciding with sharp price moves and validating key breakout levels.

Fibonacci retracements drawn from the swing low at 0.7630 to the swing high at 0.8236 highlighted key levels around 0.798 (38.2%) and 0.811 (61.8%). Price action on the 15-minute chart confirmed these levels as temporary pivots, especially the 0.811 level, which saw multiple rejections before a successful break above it.

The next 24 hours may see SUSHIUSDT test the 0.8236 high as a new resistance, with a potential pullback to the 0.805–0.8064 range offering an opportunity for re-entry. Investors should remain cautious of potential volatility spikes and watch for a breakdown below 0.804 to signal a reversal to the downside.