AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Summary
• Price formed bearish engulfing patterns from 1.8164 to 1.8048, followed by a sharp drop to 1.7673.
• Volatility expanded significantly after 1.7937 with a strong reversal to 1.8387.
• RSI overbought levels emerged during the 1.8334–1.8387 rally, suggesting possible near-term correction.
• Bollinger Bands widened during the 1.8003–1.8387 phase, indicating increased uncertainty.
Market Overview
Sui/Tether (SUIUSDT) opened at 1.8164 on 2026-01-12 at 12:00 ET, reached a high of 1.8395, a low of 1.7535, and closed at 1.8368 on 2026-01-13 at 12:00 ET. Total 24-hour volume was 17,221,794.4 and turnover amounted to 31,092,989.57.
Structure & Formations
The 5-minute chart revealed bearish engulfing patterns early in the session, confirming a key downward shift from 1.8164 to 1.8048. Later, a strong bullish reversal emerged from 1.7673 to 1.8387, supported by a large volume spike. A potential resistance zone may be forming near 1.8334–1.8389, with Fibonacci 61.8% retracement levels aligning with these levels.
Moving Averages
Short-term moving averages (20/50) on the 5-minute chart crossed below key support levels around 1.7937, confirming bearish momentum early in the session. Daily 50/100/200 SMA lines suggested a potential consolidation phase around 1.8038–1.8066.

MACD & RSI
The MACD line crossed above the signal line at the time of the 1.8003–1.8387 rally, indicating bullish momentum. However, RSI reached overbought levels above 70, suggesting a potential pullback. A reversal in RSI may signal the start of a correction phase.
Bollinger Bands
Volatility expanded significantly during the 1.8003–1.8387 phase, with Bollinger Bands widening from 1.794–1.8166 to 1.789–1.823. Price later moved into the upper band, suggesting overbought conditions, and may face near-term resistance.
Volume & Turnover
Turnover surged during the 1.8003–1.8387 rally, particularly between 14:30 and 16:00 ET, with volumes exceeding 2 million at the peak. Volume confirmed the bullish break above key resistance, but divergence between price and volume later in the session suggests caution.
The market may attempt to retest 1.8387–1.8491 levels in the next 24 hours, but could face resistance due to overbought RSI and potential bearish divergence. Investors should monitor the 1.823–1.8266 support zone for further direction.
Decoding market patterns and unlocking profitable trading strategies in the crypto space

Jan.13 2026

Jan.13 2026

Jan.13 2026

Jan.13 2026

Jan.13 2026
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet