Market Overview: Sushiswap (SUSHIUSD) 24-Hour Action Summary

• Sushiswap consolidates near $0.778, with a sharp 15-minute breakout to $0.795 at 16:00 ET.
• No momentum divergence observed, but RSI remains neutral near mid-range.
• Volume surged briefly during breakout, but overall turnover remains subdued.
• Price remains within a key Bollinger Band range, with no significant volatility expansion.
• A potential bullish engulfing pattern formed at the breakout high of $0.795.

Sushiswap (SUSHIUSD) opened at $0.764 on 2025-08-26 12:00 ET, peaked at $0.795, and settled at $0.778 by 12:00 ET on 2025-08-27. Total volume for the 24-hour period was 53.1 with a notional turnover of approximately $41.74. Price action appears to reflect modest bullish conviction amid low volatility and mixed volume.

Structure & Formations

Price remained flat for over 20 hours within a tight range between $0.764 and $0.78 before a sharp breakout to $0.795 in the final hour. A bullish engulfing pattern formed at this high, suggesting short-term strength. No significant bearish patterns were observed, and key support appears to be $0.778, which held through a small pullback in early hours.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart closely tracked the range-bound price action, with no clear separation forming until the breakout. Daily moving averages (50, 100, 200) remain distant from current levels, reflecting a lack of longer-term directional bias.

MACD & RSI

Momentum, as measured by the MACD, showed a brief positive crossover at the breakout time but has since flattened. RSI remains in the neutral range (40–60), with no overbought or oversold signals. This suggests that the move may lack strong follow-through unless volume continues to rise.

Bollinger Bands

Price action remained tightly within Bollinger Bands for most of the 24-hour period, indicating low volatility. The recent breakout to $0.795 briefly brought price above the upper band, a potential sign of increased short-term optimism. Volatility has since contracted, with price returning to the mid-band area.

Volume & Turnover

Volume was near zero for most of the day, reflecting minimal interest. A spike of 20.4 at $0.78 and another of 25.5 during a minor dip to $0.778 stood out, but the most significant trade was a 2.2 volume at $0.795, which closed the session at the high. Notional turnover was low, suggesting limited conviction in the breakout.

Fibonacci Retracements

Key Fibonacci levels for the most recent swing from $0.764 to $0.795 suggest resistance at 61.8% ($0.789) and 38.2% ($0.779), which align with current price action. The $0.778 level corresponds to a retracement of a prior daily swing, reinforcing its significance as a potential support.

The market may test resistance above $0.78 in the next 24 hours, but limited turnover and muted momentum suggest a cautious approach. Investors should be mindful of the risk of consolidation or pullback if volume does not confirm further upside.