Market Overview: SushiSwap/Tether (SUSHIUSDT) on 2025-12-06

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Saturday, Dec 6, 2025 12:00 pm ET1min read
Aime RobotAime Summary

- SUSHIUSDT traded between $0.3290–$0.3335, with key resistance at $0.3335 and support at $0.3290.

- Price broke above 20-period MA after Bollinger Band contraction, confirmed by a 23:00 ET volume spike of $254,510.1.

- RSI rose to 58 (moderate momentum) while Fibonacci retests $0.3290 (38.2%) and targets $0.3335–$0.3340.

- Market participants monitor $0.3335 resistance and 20-period MA for potential short-term uptrend confirmation.

Summary
• Price consolidated between $0.3290–$0.3335, with key resistance near $0.3335 and support at $0.3290.
• Momentum shifted positively in the final 6 hours, pushing price above the 20-period MA.
• Bollinger Band contraction observed earlier, followed by a breakout in the last 4 hours.
• Volume surged to $254,510.1 at 23:00 ET, confirming the bullish move.
• RSI crossed above 50, but not into overbought territory, signaling cautious optimism.

SushiSwap/Tether (SUSHIUSDT) opened at $0.3283 on 2025-12-05 at 12:00 ET and closed at $0.3304 on 2025-12-06 at 12:00 ET. The 24-hour high reached $0.3344, while the low was $0.3200. Total volume across the period was approximately 2.67 million contracts, with notional turnover exceeding $850,000.

Structure & Formations


Price formed a bullish continuation pattern late in the session, with a strong rally from $0.3290 to $0.3335 on increasing volume. Key support levels around $0.3290 and $0.3273 showed resilience, while resistance remained contested near $0.3335–$0.3340. A morning pullback to $0.3285 was followed by a strong reversal, forming a small bullish engulfing pattern in late trading.

Indicators


MACD turned positive in the final 4 hours, confirming the upward move. RSI rose from 48 to 58, indicating moderate momentum but not yet overbought conditions. The 20-period MA crossed above the 50-period MA in late afternoon, suggesting a potential short-term uptrend.

Bollinger Bands and Volatility


Volatility was low in the early part of the session, with price clustering near the middle band. A breakout occurred in the late afternoon as Bollinger Bands expanded, with price moving toward the upper band as volume surged.

Volume and Turnover


The most significant volume spike occurred at 23:00 ET with 254,510 contracts traded and a high of $0.3327. Turnover was positively aligned with price action during this period, indicating strong conviction. A divergence was seen earlier in the day, with lower volume supporting a pullback, which was followed by a valid counter-move.

Fibonacci Retracements


From the intraday low at $0.3200 to the high of $0.3344, price retested the 38.2% Fibonacci level at $0.3290 before breaking through. The 61.8% level at $0.3318 may act as a new support, with a potential target ahead at $0.3335–$0.3340 if the current trend continues.

Market participants may look for a test of key resistance near $0.3335 in the coming 24 hours, with a risk of a pullback toward $0.3290 if volume fails to confirm the move. Investors are advised to monitor the 20-period MA and RSI for signs of momentum fatigue.