Market Overview for Sui/Yen (SUIJPY) - 24-Hour Summary (2025-10-26)

• SUIJPY surged 15.7% from 385.0 to 403.5, breaking above recent resistance levels.
• Volatility spiked with a 24-hour range of 21.7, peaking around 13:30 ET.
• Momentum strengthened as RSI rose from 51 to 78, indicating overbought conditions.
• Bollinger Bands expanded sharply, reflecting increased short-term volatility.
• Volume surged to $90.6M, confirming the bullish breakout on strong turnover.

SUIJPY opened at 385.0 on 2025-10-25 at 12:00 ET and closed at 403.5 at 12:00 ET on 2025-10-26. The price reached an intraday high of 406.5 and a low of 382.8. The 24-hour trading volume was 279,585.3 units with a total turnover of approximately $90.6 million.

Structure & Formations

The 24-hour OHLCV data reveals a strong bullish breakout, particularly between 09:30 and 10:00 ET when the price surged from 388.9 to 394.4. A key support level appears to have been 388.0, which was tested multiple times during the early morning hours before being decisively broken. Around 13:30 ET, a strong bullish engulfing pattern emerged at 404.87, confirming the breakout from the prior resistance. A doji appeared near the 393.2 level, suggesting indecision, but it was quickly followed by a strong upward move. The price is now trading above the 400.0 psychological level, a key resistance threshold.

Moving Averages

Using the 20 and 50-period moving averages on the 15-minute chart, SUIJPY has moved above both, confirming a short-term bullish bias. The 50-period MA crossed above the 20-period MA, forming a golden cross, which is often interpreted as a buy signal. On the daily chart, the 50, 100, and 200-period MAs are all rising, indicating that the longer-term trend remains bullish. The price is currently above all three, reinforcing the strength of the uptrend.

MACD & RSI

The MACD line crossed above the signal line during the early hours, indicating increasing bullish momentum. The histogram showed a sharp expansion during the 09:30–10:15 ET window, which aligns with the breakout move. RSI, after rising steadily throughout the day, reached 78 by the end of the 24-hour period, entering overbought territory. While this suggests caution, it also indicates strong conviction in the current move. The divergence between the RSI and price action is not currently evident, suggesting the rally could continue for a short while longer.

Bollinger Bands

Bollinger Bands expanded significantly after the breakout around 09:30 ET, indicating increased volatility. The price has remained outside the upper band for much of the latter part of the day, especially between 13:30 and 14:00 ET, when it peaked at 406.5. The width of the bands suggests that the market is in a period of heightened activity, likely due to news or order flow. The price is currently above the upper band, suggesting the move is still gathering momentum.

Volume & Turnover

Volume spiked sharply during the breakout window, peaking at over 18,000 units at 13:30 ET. Total turnover for the 24-hour period was $90.6 million, concentrated primarily in the 09:30–14:00 ET window. The increase in both volume and turnover confirms the strength of the breakout and the conviction of market participants. No significant divergence between price and volume was observed, suggesting the move is backed by real buying pressure rather than speculative hype.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from 382.8 to 406.5, key levels include 394.7 (38.2%), 398.2 (50%), and 401.7 (61.8%). The price broke above the 61.8% level, suggesting strong bullish momentum. On the daily chart, the Fibonacci levels from the earlier swing suggest a target near 410.0. If the current trend continues, traders may watch for a test of 410.0 and 414.5 as key resistance.

Backtest Hypothesis

Given the current setup—strong bullish momentum, overbought RSI, and confirmed breakout via the golden cross and engulfing pattern—a potential backtest strategy could involve entering long near the 400.0 level with a stop-loss below the 395.0 Fibonacci level and a target at the 410.0 psychological level. The use of Bollinger Band breakouts and MACD histogram divergence could further refine entry and exit timing. This approach aligns well with the observed volume and price behavior, suggesting the current trend is robust enough to support a directional trade.