Summary
•
declined from 1.4904 to 1.4609 amid increasing bearish momentum and volume divergence.
• A key support level appears to have formed near 1.4605–1.463, with a potential for short-term bounce.
• Volatility contracted into the final hours, suggesting accumulation ahead of a directional move.
At 12:00 ET on 2025-12-20, Sui/Tether (SUIUSDT) opened at 1.4633, reached a high of 1.4904, a low of 1.4327, and closed at 1.4609. Total volume across the 24-hour period was 20,550,685.1 units, with a notional turnover of approximately $29,519,610 (assuming $1 per unit).
Structure & Formations
The price of SUIUSDT formed a bearish engulfing pattern near the 1.4904 high, followed by a long bearish tail around 1.4605–1.463, suggesting short-term support. A small doji formed near the close, indicating indecision.
Moving Averages
On the 5-minute chart, the 20 and 50-period moving averages remained bearish, with price failing to cross above either. On the daily chart, the 50/100/200 SMA lines remained in a bearish alignment, with no immediate reversal signals.
MACD & RSI
The MACD remained bearish, with the line below the signal line and negative histogram. The RSI declined into the oversold region (30–35), but without a strong reversal candle, suggesting the selloff could continue.
Bollinger Bands
Price action remained near the lower band for most of the session, with volatility slightly expanding in the early hours and contracting in the final hours. A consolidation near the lower band could signal a potential bounce.
Volume & Turnover
Volume surged during the early morning (ET) rally near 1.4904, but the subsequent selloff occurred on relatively lower volume, indicating a divergence. Turnover remained consistent through the session.
Fibonacci Retracements
The 61.8% retracement level of the key 1.4327–1.4904 swing lies near 1.4605, aligning with the recent consolidation zone. A break below this level could target the next 38.2% level at 1.454.
Over the next 24 hours, SUIUSDT may test the 1.4605–1.463 support zone, with a potential bounce if buyers step in. However, a break below this level with confirmation in volume could extend the correction. Investors should monitor the 1.4605 level and be cautious of further consolidation or breakdown.
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