Market Overview for SushiSwap/Tether (SUSHIUSDT)

Summary
• Price action formed bearish continuation patterns with key support at 0.3332 and resistance at 0.3502.
• Momentum weakened through the day, with RSI signaling oversold conditions near 0.3332.
• Volatility increased in the afternoon as volume surged above 300,000, confirming bearish moves.

At 12:00 ET on 2026-01-15, SushiSwap/Tether (SUSHIUSDT) opened at 0.3546, hit a high of 0.3551, and a low of 0.3278, closing at 0.3317. Total volume reached 766,883.8, with notional turnover of $257,967.20 over 24 hours.

Structure & Formations

Price action formed multiple bearish patterns, including a key bearish engulfing candle at 0.35–0.343 and a doji near 0.345. The 0.3332 level showed strong support, with price bouncing back after a sharp drop in the afternoon.

Moving Averages

On the 5-minute chart, the 20-period MA crossed below the 50-period MA, signaling a bearish bias. On the daily chart, the 50-period MA appears to be acting as a dynamic resistance around 0.340–0.345, limiting upward movement.

MACD & RSIa detailed financial chart showing a falling RSI indicator dipping below 30, with green and red bars reflecting weak bullish and bearish momentum
MACD turned negative in the late morning and remained bearish, with a weak bullish crossover failing to hold. RSI bottomed out near 30 at 0.3332, suggesting oversold conditions, though divergence suggests caution.

Bollinger Bands

Volatility expanded significantly during the afternoon drop, with price breaking below the lower band at 0.3332. The bands have since widened, indicating a period of heightened uncertainty and potential for range expansion or a reversal.

Volume & Turnover

Volume spiked above 300,000 during the sharp decline, confirming the bearish move. Turnover increased proportionally, aligning with price action. A divergence appears after 16:00 ET, with volume declining despite continued downward movement, suggesting diminishing conviction.

Fibonacci Retracements

A key 61.8% Fibonacci retracement level at 0.3332 held as support, halting further declines. On the 5-minute chart, a 38.2% retracement at 0.341–0.342 appears to be a short-term resistance level.

Looking ahead, a test of the 0.3315–0.3300 range could trigger further momentum or a rebound, depending on volume and order flow. Investors should remain cautious ahead of potential volatility as the 0.3332 support shows signs of weakening.