Market Overview for SushiSwap/Tether (SUSHIUSDT) on 2026-01-13

Summary
• Price surged from $0.3145 to $0.3493 on strong volume spikes.
• A bullish engulfing pattern formed near $0.3145, signaling potential reversal.
• RSI hit overbought territory in late hours, hinting at possible near-term pullback.
• Volatility expanded significantly after 14:45 ET with a 2.7% intrabar move.
• Turnover jumped over 40x from early morning to midday, confirming bullish conviction.

The SushiSwap/Tether pair opened at $0.3145 on 2026-01-12 and closed at $0.3472 on 2026-01-13. The high and low for the period were $0.3495 and $0.3131, respectively. Total volume reached 675,000 tokens with a notional turnover of $227,535.

Structure & Formations

Price action revealed a key support level around $0.3145, where a bullish engulfing pattern developed after a short-lived bearish leg. A notable doji appeared at $0.3131, hinting at indecision. Resistance has formed at $0.32 and $0.3401, where momentum paused multiple times. Fibonacci retracements show a 61.8% level at $0.331, aligning with a minor breakout point midday.

Moving Averages

Short-term 20/50-period moving averages on the 5-minute chart showed a bullish crossover around 02:15 ET, preceding a 3.5% rally. On the daily chart, the 50/100/200 EMA triad formed a positive alignment by midday, with price above all three, indicating a sustained uptrend.

Momentum & Overbought Conditions

MACD crossed into positive territory with increasing histogram bars after 04:00 ET. RSI briefly entered overbought territory at 75 around 13:30 ET and again at 14:45 ET, suggesting potential exhaustion in the near term. A pullback to the 50-period MA on the 5-minute chart could trigger a brief consolidation.

Volatility & Bollinger Bands

Volatility expanded sharply after 14:45 ET as the pair moved 2.7% within a single 5-minute bar. Price remained near the upper Bollinger Band for most of the day, indicating strong buying pressure. A contraction in band width early morning suggested a low-volatility consolidation phase before the breakout.

Volume & Turnover Dynamics

Volume spiked sharply from 13:15 ET onward, with a 5-minute bar at 13:15 ET showing 638,252 tokens traded—the largest of the day. Notional turnover followed the same trajectory, confirming the strength of the move. A divergence emerged between price and turnover after 16:45 ET, as turnover dropped despite price continuing higher, hinting at potential fatigue.

The pair appears to be in a strong short-term uptrend, with key support at $0.3145 and resistance at $0.3495. A consolidation phase may occur if the RSI remains overbought. Traders should monitor the 50-period MA on the 5-minute chart for potential directional clues. As always, rapid volume shifts and divergences warrant caution ahead of the next 24 hours.