Market Overview for SushiSwap (SUSHIUSDT): 24-Hour Technical Summary

• SushiSwap consolidates near a key 0.765–0.768 resistance zone with bearish 15-minute momentum.
• A bullish reversal is flagged near 0.762–0.763, but volume suggests limited conviction.
• Volatility expanded during the overnight Asian session, with price breaking above 0.770.
• RSI shows overbought conditions at close, suggesting a potential short-term pullback.
• Turnover spiked above $1.1M during the 0.773–0.778 move, indicating increased accumulation.

SushiSwap (SUSHIUSDT) opened at $0.7685 at 12:00 ET-1, reaching a high of $0.7782 and a low of $0.7561, closing at $0.7649 by 12:00 ET. Total 24-hour volume amounted to 1,345,396 SUSHI, with notional turnover exceeding $878,263. The price action reflected a volatile 24-hour session, with significant intraday swings and diverging momentum.

Structure & Formations

Price formed a potential bullish reversal pattern near the 0.762–0.763 level during the 21:45–00:15 ET window, suggesting short-term support. A strong 15-minute bearish engulfing candle at 0.7733–0.7710 confirmed resistance above 0.772. The 0.7685–0.7716 range emerged as a key consolidation zone, with Fibonacci retracement levels at 0.7649 (38.2%) and 0.7621 (61.8%) showing high relevance.

Moving Averages

On the 15-minute chart, the 20SMA crossed above the 50SMA during the 0.773–0.778 rally, signaling potential short-term strength. On the daily chart, SUSHIUSDT closed above the 50DMA at ~0.767 and is approaching the 100DMA (~0.763), suggesting a possible continuation of bullish momentum into the next 24 hours.

MACD & RSI

The MACD turned bearish during the 03:45–04:00 ET window, reflecting divergence between price and momentum. RSI reached 70 at the session’s close, signaling overbought conditions and increasing the probability of a near-term pullback. However, a bullish MACD crossover earlier in the session supported the 0.772–0.778 move.

Bollinger Bands

Volatility expanded during the 02:30–04:00 ET window, with price reaching the upper band at 0.778. Bollinger contractions were observed in the 19:30–21:45 ET period, indicating lower volatility and a period of consolidation before the breakout. Price remains near the mid-band (~0.768), suggesting neutral momentum for now.

Volume & Turnover

Volume spiked above 108,000 SUSHI during the 02:30–02:45 ET window, supporting the 0.772–0.778 move. Notional turnover reached $1.1M during this time, indicating strong accumulation. A divergence between rising price and declining volume after 03:45 ET suggests waning conviction.

Fibonacci Retracements

Key retracement levels from the 0.7561–0.7782 move include 0.7649 (38.2%), where SUSHIUSDT closed, and 0.7621 (61.8%), a potential short-term support. The 0.7716–0.7692 swing on the 15-minute chart also formed a minor Fibonacci context with resistance at 0.7705 and support at 0.7676.

SushiSwap appears to be navigating a period of consolidation following a sharp upward move into 0.778. While the near-term RSI overbought condition may invite a pullback toward 0.765, the strong overnight volume suggests that bulls remain in control. A break above 0.778 could confirm a new short-term trend, though bearish divergence in the latter half of the session warrants caution. Investors should monitor volume behavior and price reaction at 0.762–0.763 as potential turning points.