Summary
• Price consolidates near 0.328–0.330 resistance cluster with a bullish engulfing pattern at 0.3296.
• Momentum shifts from bearish to neutral with RSI stabilizing above 50.
• Volatility remains elevated as Bollinger Bands widen and volume surges in late session.
SushiSwap/Tether (SUSHIUSDT) opened at 0.3288 on 2026-01-08 12:00 ET, reaching a high of 0.3329 and a low of 0.3244, closing at 0.3292 on 2026-01-09 12:00 ET. Total 24-hour volume was 1,072,571.8, and notional turnover was 343,048.6 USDT.
Structure & Formations
Price action formed a indicating potential short-term reversal. A key resistance cluster is forming between 0.329 and 0.331, with intraday support at 0.3276. A doji appears at 0.3293, signaling indecision. Fibonacci retracement levels at 0.329 and 0.331 may act as near-term psychological barriers.
Moving Averages and Momentum
On the 5-minute chart, the price recently crossed above the 20-period moving average, with the 50-period line acting as a dynamic support. RSI stabilized above 50, suggesting fading bearish momentum. MACD turned positive, with a narrowing histogram indicating potential consolidation ahead.
Volatility and Volume
Bollinger Bands have expanded from a narrow pre-market consolidation phase, signaling increased volatility. Volume spiked sharply in the 15-minute period ending at 0.3317, confirming a breakout attempt. Notional turnover increased by 58% during the last four hours, suggesting renewed trader interest.
Risk and Outlook
A break above 0.331 could target 0.333 on Fibonacci projections, while a retest of 0.3276 could extend volatility. Investors should watch for volume confirmation on any move above 0.331, as divergence may hint at a false breakout. Caution is warranted ahead of potential news events or broader market shifts.
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