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• SushiSwap’s SUSHI/USDT pair surged from 0.901 to 0.928, with bullish momentum on rising volume.
• A key breakout above 0.920 was confirmed, with strong buying pressure in the early morning hours.
• RSI hit overbought territory near 0.928, suggesting potential short-term profit-taking.
• Bollinger Bands expanded as volatility increased, with price trading near the upper band.
• Volume surged during the 05:00–06:00 ET rally, confirming the upward move.
SushiSwap’s SUSHI/USDT pair opened at 0.901 on July 26 at 12:00 ET and closed at 0.91 at 12:00 ET on July 27, reaching a high of 0.938 and a low of 0.901. The 24-hour volume totaled approximately 3,488,046.3
, with a notional turnover of around $3,148,394.The price action showed a strong bullish bias, particularly during the early morning hours when SUSHI/USDT rallied from 0.903 to 0.928. This was supported by increasing volume and a narrowing RSI, which pushed into overbought territory. The Bollinger Bands expanded during this period, indicating rising volatility.
A key resistance level appears to be forming around 0.928–0.930, where the price stalled and began to consolidate. A 50-period moving average on the 15-minute chart is currently sloping upward and is acting as dynamic support. The 200-period moving average on the daily chart has also shifted from bearish to neutral, suggesting a potential trend reversal.
Fibonacci retracement levels from the July 26 low to the July 27 high suggest that 0.920 (38.2%) and 0.913 (61.8%) could act as support zones. A break below 0.910 could trigger a retest of the 0.901 level.
Volume and turnover diverged slightly in the late morning, as the price consolidated near 0.923–0.925 despite lower volume, which may signal a potential pullback. However, the MACD remained positive and above the signal line, indicating that momentum remains in favor of the bulls.
Looking ahead, SushiSwap could see further consolidation or a test of the 0.928–0.930 resistance zone. A break above this level may open the door to 0.935–0.940, but traders should remain cautious of profit-taking and potential overbought conditions. A reversal below 0.915 could shift sentiment, so monitoring volume during this phase will be key.
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