Market Overview for Sui/Tether (SUIUSDT) – 2026-01-14

Summary
• SUIUSDT forms a bullish engulfing pattern near 1.83–1.84 resistance.
• Price retested 1.816–1.82 key support, with volume confirming the bounce.
• RSI and MACD show divergences hinting at potential overbought reversal.
• Bollinger Bands show moderate expansion as volatility rises toward the close.
• High-volume cluster at 1.89–1.90 suggests potential short-term resistance.

SUIUSDT opened at 1.8392, reached a high of 1.943, a low of 1.811, and closed at 1.8974 at 12:00 ET. Total volume was 21,865,811.8, with notional turnover of 41,084,263.76. The pair showed volatile swings driven by strong volume surges and key psychological levels.

Structure & Key Levels

The 24-hour data revealed a strong bullish reversal around 1.83–1.84 as the price formed a classic bullish engulfing pattern. A large-volume candle at 1.89–1.90 acted as a near-term ceiling. The 1.816–1.82 support level held firm, confirmed by a sharp increase in volume on the bounce.

Momentum Indicators

RSI moved into overbought territory around the 70 level during the midday rally but failed to confirm a strong break above 1.90, signaling potential divergence. MACD showed a bullish crossover midday but weakened as price action stalled near 1.90.

Volatility and Bollinger Bands

Bollinger Bands widened significantly during the late morning and early afternoon, reflecting rising volatility. Price remained within the upper band during the last 4 hours of the session, suggesting a period of high conviction in the bullish move.

Volume and Turnover Insights

Volume spiked sharply around 1.89–1.90 and again at 1.86–1.87, coinciding with key resistance and consolidation zones. Turnover also surged during these periods, indicating strong participation. A volume divergence appeared near 1.84–1.85 as price made a higher high but volume declined.

Fibonacci Retracements

A 61.8% Fibonacci retracement level from the recent high at 1.943 to the low of 1.811 sits near 1.876. Price paused near this level but managed to push higher, suggesting temporary strength. The 38.2% level at 1.887 was briefly tested but not decisively breached.

Over the next 24 hours, a retest of the 1.89–1.90 level could trigger a pullback if volume does not confirm the move. Investors should monitor for a breakdown below 1.871, which would signal renewed bearish pressure.