AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
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.
Decoding market patterns and unlocking profitable trading strategies in the crypto space

Jan.13 2026

Jan.13 2026

Jan.13 2026

Jan.13 2026

Jan.13 2026
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet