Market Overview for SushiSwap/Tether (SUSHIUSDT) – 2025-09-18

• SUSHIUSDT traded in a volatile 24-hour window, forming bullish and bearish reversals around 0.79–0.81.
• Key support at 0.767 and resistance at 0.8096 were tested multiple times, with no decisive breakout.
• MACD showed bearish divergence after a late-night rally, while RSI hovered near overbought levels.
• Bollinger Bands expanded overnight, indicating heightened volatility, with price fluctuating within the upper and lower bounds.
• Volume spiked during 19:00–22:00 ET, coinciding with sharp price swings, but declined after 04:00 ET despite sideways movement.

SushiSwap/Tether (SUSHIUSDT) opened at 0.7685 on 2025-09-17 at 12:00 ET and closed at 0.8064 on 2025-09-18 at 12:00 ET, with a 24-hour high of 0.8236 and low of 0.763. Total volume reached 10,436,008.2 units, with notional turnover of $8,314,321.50 (calculated as volume × average price). Price action reflected choppy, range-bound behavior with late-night bullish momentum.

Structure & Formations

The past 24 hours featured several key patterns. A bullish engulfing pattern formed around 22:00–22:30 ET after a short bearish correction, pushing the price above 0.807. Shortly after, a long-legged doji at 0.8091 on 2025-09-18 suggested indecision among traders, followed by a gradual decline. Strong resistance emerged at 0.8096 and 0.8115, with multiple failed attempts to break through. A notable bearish harami pattern appeared at 04:00–04:15 ET, signaling a possible reversal from a bullish trend.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed twice during the trading session, with price fluctuating above and below the 50-period line, indicating no strong directional bias. On the daily chart, the 50-period MA currently sits at ~0.798, 100-period MA at ~0.789, and 200-period MA at ~0.782. Price is above all three, suggesting a potential continuation of the medium-term uptrend, though consolidation appears imminent.

MACD & RSI

The MACD crossed into negative territory after a short bullish run in the early hours of 2025-09-18, with the histogram showing bearish divergence as the price failed to retest key resistance levels. RSI reached overbought levels around 76–80 during the late-night rally but has since declined into neutral territory (~60–65), indicating weakening momentum. No oversold readings occurred, suggesting buyers have yet to step in at lower levels.

Bollinger Bands

Volatility expanded dramatically overnight, with Bollinger Bands widening from ~0.78–0.79 to ~0.77–0.82 as the price swung between key levels. Price frequently touched the upper band between 00:00–04:00 ET, indicating bullish pressure, but pulled back to trade near the midline. The lower band (~0.775) was briefly tested during a midday pullback but held firm, suggesting strong support in that area.

Volume & Turnover

Volume spiked sharply in the 19:00–22:00 ET window, with the largest turnover recorded between 19:45–20:15 ET. This coincided with price breaking above 0.79–0.80 resistance. However, volume declined significantly after 04:00 ET, despite ongoing price movement, suggesting waning conviction. A divergence emerged in the early morning when price pushed higher but volume failed to confirm the rally, hinting at potential exhaustion.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 0.763 to 0.8236, key retracement levels at 0.792 (38.2%) and 0.785 (61.8%) were both tested multiple times. Price found support at the 61.8% level (0.785) during a midday pullback and resistance at the 38.2% level (0.792). On the daily chart, the 0.798–0.805 range corresponds to the 38.2–50% retracement zone of the prior 0.76–0.8236 move, indicating a likely consolidation area before any new directional attempt.

Backtest Hypothesis

A backtesting strategy leveraging the recent 15-minute Fibonacci levels and RSI divergence could look for long entries at 0.792 when RSI turns above 50 with increasing volume. Short entries could be triggered at 0.8096 when RSI diverges negatively (price higher, RSI lower) and volume declines. Stop-losses would be placed 2–3% below long entries and above short entries, with targets set at the nearest Fibonacci or moving average levels. This setup may offer a favorable risk-reward ratio in a range-bound market, though execution speed and volatility management will be critical.