Market Overview for SushiSwap/Tether (SUSHIUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Monday, Jan 5, 2026 11:52 am ET1min read
SUSHI
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Aime RobotAime Summary

- SUSHIUSDT broke below key support at 0.3380 with bearish engulfing patterns, signaling intensified downward momentum.

- RSI entered oversold territory near 30 while volume surged during 05:00–06:00 ET, confirming bearish sentiment despite late-session countertrend buying.

- Bollinger Bands contraction followed by sharp expansion and Fibonacci levels at 0.3347/0.3380 highlight potential for short-term bounces or renewed downtrend.

- Key 0.3347 support faces critical test, with breakdown likely to trigger further decline toward 0.3300 as bearish pressure dominates near-term outlook.

Summary
• Price broke below key support at 0.3380, with bearish engulfing patterns suggesting increased downward momentum.
• RSI entered oversold territory near 30, indicating potential for a short-term rebound or consolidation.
• Volume surged during the 05:00–06:00 ET session, confirming bearish sentiment despite mild countertrend buying in the late session.
• Bollinger Bands narrowed pre-5:00 ET, followed by a sharp expansion, signaling heightened volatility and trend confirmation.
• Fibonacci retracement levels at 0.3347 and 0.3380 may serve as near-term targets for short-term bounces and resumption of the downtrend.

SushiSwap/Tether (SUSHIUSDT) opened at 0.3467 on 2026-01-04 12:00 ET, reached a high of 0.3486, a low of 0.3282, and closed at 0.3307 on 2026-01-05 12:00 ET. Total volume amounted to 2,183,964.0 units, with a notional turnover of 719,512.7 USD, indicating increased bearish pressure over the 24-hour period.

Price Structure and Key Levels


The price formed bearish engulfing patterns in the 19:30–20:15 ET timeframe, confirming a breakdown below key support at 0.3380. A test of the 0.3347 level occurred in the early hours of 05 January, aligning with the 61.8% Fibonacci retracement of the 0.3467–0.3486 swing. A further breakdown to the 0.3300 level appears likely should the 0.3347 level fail to hold, with 0.3300 representing the next major support zone.

Momentum and Indicators


RSI dipped below 30 near the 05:00 ET mark, signaling oversold conditions, but no immediate reversal followed, suggesting continued bearish bias. MACD remained bearish with a negative divergence in the late session, reinforcing the downward trajectory. Bollinger Bands showed a contraction between 04:30–05:00 ET, followed by a sharp expansion and price action outside the lower band, indicating increased volatility and potential for a short-term rebound or further decline.

Volume and Turnover Dynamics


Volume spiked sharply during the 05:00–06:00 ET period, confirming the breakdown below 0.3380 and reinforcing bearish sentiment. However, a mild increase in turnover during the 09:15–10:00 ET period coincided with a pullback to 0.3300, suggesting some short-covering or accumulation activity. A divergence between price and turnover in the 10:00–11:30 ET period indicates weakening bearish conviction, though not a reversal.

Forward-Looking Outlook


The current setup suggests that
SUSHIUSDT
could continue testing support levels below 0.3347 in the next 24 hours, especially if key Fibonacci levels fail. However, a rebound to test the 0.3365–0.3375 zone is possible if buyers step in at oversold levels. Investors should closely watch the 0.3347 level for signs of a potential bounce or a deeper breakdown. As always, the rapidly shifting volatility and volume dynamics pose risks on both sides.