Market Overview for Sui/Tether (SUIUSDT) – 2025-09-27

• Sui/Tether (SUIUSDT) edged higher over 24 hours, with a bullish consolidation phase forming near 3.22.
• Key resistance at 3.220–3.225 held firm, while support at 3.191–3.195 appears intact.
• Volume expanded during a mid-day rally but declined afterward, suggesting a potential pause in momentum.
• RSI shows moderate strength, with MACD confirming a possible upward trend continuation.

The SUIUSDT pair opened at 3.1552 on 2025-09-26 at 16:00 ET and reached a high of 3.2494 before consolidating to a close of 3.2114 on 2025-09-27 at 12:00 ET. The 24-hour range was 3.1449 to 3.2494, with a closing price of 3.2114. Total volume for the period was 33,325,357.5, and the notional turnover amounted to approximately $104.3 million.

Structure & Formations

Price action shows a distinct bullish structure with a high-volume rally forming between 17:30–19:30 ET on 2025-09-26. A strong bullish engulfing pattern formed at 3.2031–3.2116 (19:00–19:30), confirming a short-term reversal. Key support levels are identified at 3.191–3.195 and 3.178–3.182, with resistance at 3.220–3.225 and 3.237–3.241. A doji near 3.222 (04:45–05:00) suggests indecision, and further upward momentum may need to clear 3.225–3.230 for confirmation.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages are aligned, crossing just below 3.212–3.214. The 50-period MA is at 3.213, while the 20-period MA sits at 3.214, indicating a bullish alignment. Daily MA levels (50/100/200) are at 3.208, 3.205, and 3.200 respectively, showing a potential support clustering near 3.205.

MACD & RSI

The 15-minute MACD crossed above the zero line near 3.210 and has remained in positive territory, confirming upward momentum. The RSI is currently at ~57, indicating moderate strength but not overbought conditions. Notably, RSI crossed above 50 during the mid-day rally and has stayed within a healthy range, suggesting the market is not yet overextended.

Bollinger Bands

Bollinger Bands show a moderate widening, indicating increased volatility during the rally. Price has remained above the midline (3.210–3.215) for most of the day, with occasional retests of the upper band at 3.222–3.224. A contraction in the bands may suggest a potential breakout, but it is yet to be confirmed.

Volume & Turnover

Volume spiked during the mid-day rally, with the 17:30–19:30 ET period showing the highest volumes between 795,079 and 1,265,785 units traded. Turnover increased significantly during this time as well, confirming the price action. However, volume has since declined to more typical levels, suggesting a possible pause in bullish momentum.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 3.1449–3.2494 swing, the 50% level is at 3.1971, and the 61.8% is at 3.2222. Price appears to be testing the 61.8% retracement level, with a break above this potentially targeting 3.2372–3.2417. A failure to hold above 3.215 would likely lead to a retest of the 50% level or below.

Backtest Hypothesis

Given the current alignment of MACD above zero and RSI in a healthy range, a backtest strategy could focus on entries above the 20-period moving average with a stop just below the 3.195 support level. Targets could be placed at key Fibonacci levels such as 3.2222 and 3.2372. This setup would test the strength of the bullish momentum and the validity of the 3.210–3.225 consolidation zone as a base for the next leg up.