Market Overview for Sui/Tether (SUIUSDT) - 2025-11-13

Summary
• SUIUSDT opened at $1.9827 and closed at $1.9497, with a high of $2.0543 and a low of $1.9474.
• Strong volume spikes were seen in the 15–16:00 ET window, with over 1.2M contracts traded.
• Price tested key resistances around $2.02–2.03 and failed to break through, suggesting bearish bias.

Sui/Tether (SUIUSDT) opened at $1.9827 at 12:00 ET-1 and closed at $1.9497 at 12:00 ET on 2025-11-13. The pair reached a high of $2.0543 and a low of $1.9474, trading on a total volume of 35,879,624.4 and a turnover of $69,273,235.4 in the 24-hour period. Price action showed a bearish bias after failing to hold above key resistance levels.

Structure & Formations

Price formed a bearish continuation pattern around the $2.02–2.03 resistance zone, with a long upper shadow at $2.0543 and a strong rejection back to $1.9958 in the afternoon. A key support level appears at $1.985–1.987, where the price found a floor twice in the morning.

Moving Averages

On the 15-minute chart, the 20-period MA ran above the 50-period MA in the morning, but both lines turned downward by the end of the session. The 50-period MA currently sits at ~$1.99, with the 200-period MA at ~$1.975, indicating a bearish crossover trend.

MACD & RSI

The MACD turned negative in the afternoon, confirming weakening bullish momentum. RSI reached an overbought level of ~65 in the morning, then dropped sharply to ~40, suggesting oversold conditions and potential for a short-term bounce.

Bollinger Bands

Volatility expanded significantly in the morning and afternoon sessions, with price breaking the upper band at $2.0543 and later bouncing back to the lower band at $1.9474. A contraction in the bands is now forming, signaling potential consolidation or a breakout attempt.

Volume & Turnover

Volume spiked in the 14:45–15:00 ET timeframe with a massive 1.2M contracts traded, coinciding with a sharp price drop. Turnover confirmed the move, with over $2.5M traded during the 15:00 ET candle. Divergence between volume and price is evident, as high volume failed to push price higher after $2.03.

Fibonacci Retracements

Applying Fibonacci to the key $1.9474–$2.0543 swing, the 61.8% level is at $1.984, where price found support twice. The 38.2% retracement at ~$1.995 was also a key level where buyers briefly stepped in.

Backtest Hypothesis

A potential backtesting strategy could involve entering short positions when SUIUSDT closes below a key Fibonacci or swing-high resistance level with high volume, using the 20-period MA as a trend filter. Stops could be placed just above the most recent swing high, while profit targets align with key Fibonacci support or the 50-period MA. This approach would leverage the observed bearish breakdown and volume divergence, aligning with the resistance-level rejection seen on 2025-11-13.

Looking ahead, SUIUSDT could test support at $1.945–1.950, with a potential rebound if buyers re-enter. However, without a clear breakout above $2.02, bearish pressure may continue to dominate. Investors should watch for divergence between volume and price to confirm trend strength.