Market Overview for SushiSwap/Tether (SUSHIUSDT) – 24-Hour Summary as of 2025-09-26

• SUSHIUSDT traded in a 0.6195–0.6484 range, with bearish pressure into early evening before a late recovery.
• A key support at 0.6313 held, while 0.6432 emerged as a short-term resistance.
• Volatility expanded in the early hours of 2025-09-26, with a 30%+ increase in average 15-min volume.
• RSI signaled oversold conditions below 30 midday, followed by a bullish crossover in the MACD.
• Bollinger Bands widened after the 0.6313 low, indicating a potential breakout scenario.

The SushiSwap/Tether (SUSHIUSDT) pair opened at 0.6535 on 2025-09-25 at 16:00 ET and traded as low as 0.6195 before closing at 0.6484 on 2025-09-26 at 04:15 ET. Total volume reached 16.8 million tokens, with notional turnover exceeding $10.8 million over the 24-hour period.

Structure & Formations

The 15-minute chart revealed multiple key support and resistance levels. A strong support at 0.6313 held through heavy selling pressure at 17:30 and 18:00 ET. A subsequent rally formed a bullish engulfing pattern near 0.6318 to 0.6388 between 00:00 and 00:30 ET. Doji patterns were observed around 0.6411–0.6414, suggesting indecision. Resistance levels at 0.6432 and 0.647 were tested multiple times without a clear break.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a bearish crossover early in the session, confirming the initial downtrend. However, the 20SMA began to cross back above the 50SMA after 00:00 ET as the price rallied. Daily moving averages (50, 100, and 200) showed a flattening trend, indicating potential consolidation ahead.

MACD & RSI

The MACD turned positive after midnight, confirming the late-session bullish reversal, with a clear crossover above the zero line. RSI dipped below 30 at 18:00 ET, signaling oversold conditions before recovering above 50 by 00:30 ET. Momentum appears to have shifted toward the bullish side, though a sharp overbought level above 65 could trigger profit-taking.

Bollinger Bands

Volatility expanded significantly following the 0.6313 low, with the Bollinger Bands widening over the next four hours. The price remained within the bands during this period, suggesting a continuation pattern. A contraction in band width occurred after 02:00 ET, indicating a potential breakout in the near term.

Volume & Turnover

Volume surged during the early recovery phase, with a 15-minute bar at 00:15 ET showing over 137,500 tokens traded. Notional turnover mirrored this, rising as high as $890k at 01:00 ET. Price and turnover aligned positively during the 00:00–01:00 ET window, confirming the strength of the bullish move.

Fibonacci Retracements

Applying Fibonacci levels to the 17:30–00:00 ET move revealed key support at the 61.8% level (0.6313), which held. A 38.2% retracement at 0.6432 appeared to act as a psychological barrier. For the broader daily move, the 50% retracement level near 0.6400 could become a critical watchpoint in the next 24 hours.

Backtest Hypothesis

A potential backtesting strategy involves entering long positions when the price breaks above the 20SMA on the 15-minute chart, confirmed by a bullish MACD crossover and RSI above 50. Stop-loss is placed at the nearest support level (e.g., 0.6313), with a take-profit target at the 61.8% Fibonacci level (0.6432). This approach aligns with the recent price behavior, where volatility expansions and MACD confirmations supported trend-following trades.

Looking ahead, SUSHIUSDT faces a critical test at 0.6432. A confirmed break above this level could trigger further momentum, but a pullback into 0.6313–0.6344 remains a risk. Investors should watch for divergences between price and RSI and monitor volume spikes for potential reversal signals.