Market Overview for SUIUSD on 2025-08-27

• SUIUSD opened at $3.4069 and traded in a consolidation pattern before a sharp dip to $3.3525.
• Momentum picked up in late-night hours, pushing price back above $3.45, with a final close at $3.4433.
• Volatility expanded significantly during the 24-hour window, with intraday range reaching $0.1054.
• A bullish engulfing pattern formed on 031500 ET, suggesting a short-term buying interest.
• Volume surged during key price reversals but declined in the final hours, indicating potential indecision.

SUI opened at $3.4069 on 2025-08-26 12:00 ET and reached a high of $3.4933 and a low of $3.3525 over the 24-hour period, closing at $3.4433 on 2025-08-27 12:00 ET. Total volume for the period was 6,795.1 SUI, and notional turnover was approximately $23,600. The price action displayed signs of both bearish and bullish momentum, with several key patterns emerging.

Structure & Formations

A key consolidation phase occurred between $3.3961 and $3.4553 before a sharp bearish reversal at 001500 ET, pulling price down to $3.3525. This low appears to have acted as a short-term floor, as buyers re-entered the market after 031500 ET. A bullish engulfing pattern on 031500 ET may signal the beginning of a short-term rally. Additionally, a possible doji formed around $3.4644, indicating indecision at this level, which now acts as a potential support.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed below the 50-period line, suggesting bearish momentum earlier in the session. However, by the end of the 24-hour window, the price closed above both 20 and 50-period lines, potentially forming a short-term bullish bias. On the daily chart, the 50-period line appears to sit just below $3.42, aligning with a potential support level that could be tested in the coming days.

MACD & RSI

The MACD line showed a bearish crossover early in the session, but a bullish divergence formed as price continued to fall while the indicator turned positive in late night. The RSI moved into oversold territory near $3.35 but bounced strongly back toward the mid-40s by the close, suggesting that the short-term selloff may have been overdone.

Bollinger Bands

Volatility expanded significantly during the selloff, with the bands widening as price dropped to the lower band at $3.3525. After the low, price pushed back toward the centerline and hovered just below the upper band by the end of the session, indicating a mixed signal of strength and consolidation.

Volume & Turnover

Volume surged during key turning points, especially around the low at $3.3525 and the bullish reversal at $3.421. However, volume in the final hours was muted, indicating that the recent rally may not have broad institutional support. Notional turnover aligned with volume patterns, showing the most significant activity during the key price swings.

Fibonacci Retracements

Fibonacci levels drawn from the $3.3525 low to $3.4933 high show the price settling near the 61.8% level at $3.444, suggesting a possible pause or consolidation. This level now serves as a potential key support/resistance area.

SUIUSD may test the $3.444–$3.4644 cluster in the next 24 hours, with a breakout above $3.4659 potentially signaling a resumption of bullish momentum. However, investors should remain cautious as the volume profile shows signs of exhaustion and divergences remain present.