Market Overview for SushiSwap/Tether (SUSHIUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Jan 17, 2026 11:50 am ET1min read
SUSHI
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Aime RobotAime Summary

- SUSHIUSDT surged 9.7% to 0.3667, supported by 0.355–0.358 and facing resistance at 0.3676–0.3754.

- Late ET volume spiked 964k with $356k turnover, confirming bullish momentum as RSI hit 68 (overbought).

- Bollinger Bands widened with price near upper band, aligning with MACD's 4-hour bullish divergence and 76.4% Fibonacci retracement.

- 24-hour $4.7M turnover and strong-volume candles above 0.3596 suggest potential 0.3754 test, but waning volume could trigger corrections.

Summary
• Price surged 9.7% from 0.3236 to 0.3667 amid strong late-day buying pressure.
• Key support at 0.355–0.358 appears firm; 0.3676–0.3754 forms immediate resistance.
• Volume and turnover spiked sharply in late ET hours, confirming bullish momentum.
• RSI reached 68, indicating potential overbought conditions.
• Bollinger Bands show widening volatility, aligning with increased price swings.

SushiSwap/Tether (SUSHIUSDT) opened at 0.3236 on 2026-01-16 12:00 ET, reached a high of 0.3754, touched a low of 0.3226, and closed at 0.3588 by 2026-01-17 12:00 ET. Total volume for the 24-hour period was approximately 13,858,443.8 with a notional turnover of 4,708,007.03 USD.

Structure & Formations


Price action showed a clear bullish reversal from early morning lows, with a strong green engulfing pattern forming near 0.3582–0.3618. A cluster of strong-volume bullish candles confirmed the break above 0.3596. The 0.355–0.358 zone appears to be a reliable support area based on consolidation and bounce behavior, while 0.3676–0.3754 is the immediate resistance zone.

Moving Averages


On the 5-minute chart, price closed above the 20-period and 50-period moving averages, indicating a short-term bullish bias. On a daily scale, the 50-period MA is slightly below the 100-period, suggesting moderate bearish momentum over the longer term.

MACD & RSI


The MACD histogram showed a strong positive divergence in the final 4 hours of the 24-hour period, reinforcing the bullish break. RSI climbed to 68 by 16:15 ET, signaling potential overbought conditions, though momentum remains strong.

Bollinger Bands


Volatility expanded significantly as price moved away from the mid-band toward the upper band. This suggests growing bullish sentiment and a potential continuation of the rally.

Volume & Turnover


Volume and turnover surged sharply in the 16:00–17:00 ET window, with a final 5-minute candle showing 964,716.9 volume and 356,924.43 USD turnover. The strong volume confirmed price strength and ruled out a false break.

Fibonacci Retracements


On the 5-minute chart, price found support at the 61.8% retracement of the 0.3226–0.3413 swing and broke above the 78.6% level around 0.3522. The 0.3667 close aligns with the 76.4% retracement of the 24-hour range.

With a strong break above key levels and confirmed momentum,

SUSHIUSDT
may test 0.3754 in the next 24 hours. However, bearish corrections could occur if volume wanes or price retests support at 0.355. Investors should watch for signs of overbought exhaustion in the RSI and volume contraction.