Market Overview for SUI on 2025-08-26

• SUIUSD broke below 3.40 and tested 3.33, forming a bearish flag pattern near 3.35.
• Strong volume confirmed the 3.33–3.35 range as a key support cluster during the overnight session.
• RSI entered oversold territory near 3.33 but failed to trigger a rebound, suggesting bearish momentum.
• Volatility collapsed after 21:00 ET, followed by a sharp intraday decline before stabilizing near 3.35.
• Late-day buying activity pushed the pair back above 3.40, but with limited volume and mixed momentum signals.

SUI opened at 3.4949 (12:00 ET – 1) and traded as low as 3.33 before closing at 3.4009 (12:00 ET). Total volume for the 24-hour window was 999.1 SUI, while notional turnover was approximately 335.65 USD (based on weighted average prices).

Structure & Formations

The 24-hour candlestick pattern showed a distinct bearish slippage during the overnight session, with a consolidation phase between 3.33 and 3.35 before a late-day rally. A bearish flag pattern formed after the sharp drop from 3.4949 to 3.33. A doji-like structure around 3.35 suggests indecision and potential reversal, though it lacks volume confirmation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended downward throughout the session, indicating bearish bias. The 50-period line crossed below the 20-period line in the early morning, reinforcing the bearish momentum. On the daily chart, SUI remains below the 50, 100, and 200-period moving averages, which may limit upside potential in the near term.

MACD & RSI

The MACD line turned negative during the overnight decline and remained below the signal line, with bearish divergence evident in the histogram. RSI fell into oversold territory near 3.33 but failed to produce a bounce, suggesting exhaustion in the short-term rally attempt. A bearish crossover in RSI occurred at 3.35, coinciding with a volume spike.

Bollinger Bands

Volatility expanded as SUI moved from the upper band to the lower band, with the 15-minute Bollinger Bands widening after the 19:45 ET candle. Price closed near the mid-band, suggesting a potential pause in the downward move.

Volume & Turnover

The most significant volume spike occurred at 19:45 ET, with a 88.7 SUI turnover as price dropped from 3.4451 to 3.40. Overnight volume remained subdued until a 50.3 SUI spike at 03:30 ET pushed price back to 3.35. A divergence between price and volume during the 09:30 ET rebound (33.4 SUI) raises questions about the strength of the recovery.

Fibonacci Retracements

On the 15-minute chart, the decline from 3.4949 to 3.33 reached the 61.8% Fibonacci level at 3.3943, which may act as a dynamic support zone. On the daily chart, the 38.2% and 61.8% retracements from the recent swing high align with the 3.33–3.35 range, reinforcing its significance as a potential pivot point.

The late-day rally above 3.40 appears tentative and lacks confirmation from volume or momentum indicators. A retest of the 3.35–3.40 range may offer a clearer direction, but caution is warranted as overbought conditions fail to trigger a reversal. Investors should monitor for a breakdown below 3.33 or a sustained move above 3.43 for further conviction. Market volatility and divergences in volume suggest the next 24 hours may be eventful with a risk of sharp pullbacks if short-term bullish signals fail.