Market Overview: Sushiswap (SUSHIUSD) – 24-Hour Candlestick Analysis

• SUSHIUSD fell sharply after 8:15 PM ET, dropping from $0.785 to $0.748 in a large bearish candle with high volume.
• Price consolidated in a tight range between $0.734–$0.746 for over 8 hours before rebounding to $0.764 in the afternoon.
• Oversold RSI conditions were met but a weak rebound suggests lack of conviction in buyers.
• Bollinger Bands showed a period of contraction followed by a modest expansion during the morning rebound.
• Final 15-minute candle posted no further movement, suggesting short-term indecision.

Sushiswap’s (SUSHIUSD) price opened at $0.786 on 2025-08-25 at 12:00 ET and closed at $0.764 on 2025-08-26 at 12:00 ET. The 24-hour high was $0.786 and the low was $0.734. Total volume reached 4,805.6 SUSHI, while notional turnover came to $3,594.26 (assuming SUSHI price is in USD). A bearish breakdown followed by a weak rebound and low-volume consolidation suggests a possible continuation of downward pressure.

Structure & Formations

The 24-hour chart showed a large bearish candle with a high-volume sell-off after 8:15 PM ET, pulling price down to $0.748. The $0.734 level acted as a temporary floor, forming a base that lasted for over 8 hours. A morning rebound broke above this range to reach $0.764 but failed to test the $0.785 high, suggesting that the $0.785 level may still function as a short-term resistance. No significant bullish or bearish reversal patterns were confirmed, though a morning engulfing pattern suggested possible near-term support at $0.746.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages converged near $0.75–$0.76 during the morning rebound. This suggests short-term buyers may have stepped in after the $0.734–$0.746 consolidation. On the daily chart, the 50, 100, and 200-period MAs were not provided but would likely show a more bearish alignment, given the recent breakdown from $0.785.

MACD & RSI

The RSI reached an oversold level below 30 during the $0.734–$0.746 consolidation, which typically signals potential buying interest. However, the rebound was weak and failed to push RSI above 50, indicating limited upside momentum. The MACD turned slightly positive in the morning but remained below the signal line, suggesting mixed momentum with a slight bullish tilt that is not yet decisive.

Bollinger Bands

Bollinger Bands showed a notable contraction during the $0.734–$0.746 consolidation, indicating low volatility and potential for a breakout or breakdown. The subsequent rebound pushed the price above the upper band temporarily but failed to sustain it, suggesting that the market may still favor the lower side of the channel.

Volume & Turnover

The sharp decline after 8:15 PM ET was accompanied by a spike in volume (4,540.4 SUSHI), indicating a liquidation event or aggressive selling pressure. The rebound in the morning had much lower volume (13.1 SUSHI), which suggests the move lacks broad support. Price and turnover diverged during the afternoon, with minimal trading activity despite a modest price rise. This could indicate a lack of conviction in the rebound.

Fibonacci Retracements

Applying Fibonacci to the 15-minute move from $0.785 to $0.734, the 38.2% retracement level sits at around $0.756 and the 61.8% at $0.768. The price reached $0.764 in the morning, aligning closely with the 61.8% retracement level. This suggests the market may find resistance here in the near term. On the daily chart, a larger Fibonacci move from the 2025 peak may still be in effect, though specific levels were not tested during the 24-hour period.

Given the recent bearish breakdown and a weak rebound, Sushiswap may continue to trade in a range-bound pattern for the next 24 hours. However, increased volume or a break above $0.768 could signal a shift in sentiment. Investors should remain cautious, as volatility remains low and the market appears to lack a clear directional bias.