SUI Market Overview for September 1, 2025

• SUIUSD drifted lower over 24 hours, closing near the session low with limited volatility.
• No strong momentum seen in RSI or MACD, suggesting consolidation in bearish bias.
• Bollinger Bands show a narrow range, indicating potential for a breakout.
• Volume was unevenly distributed with large spikes late in the session.
• Fibonacci retracement levels hint at potential support near 3.16–3.17.

At 12:00 ET−1 on September 1, 2025, SUIUSD opened at $3.33, reached a high of $3.33, and closed at $3.1778 at 12:00 ET today, trading as low as $3.1559. Total volume was 6,249.7, and notional turnover was approximately USD 20,133.4. SUI displayed a mixed but predominantly bearish bias, with price action consolidating around key Fibonacci and Bollinger levels.

Structure & Formations

The candlestick pattern over the 24-hour period suggests a continuation of bearish momentum. A key support level appears to be forming around the 3.16–3.17 cluster, with multiple candles finding support in this range. A small bearish engulfing pattern emerged around 02:30 ET, which could signal further downside. The lack of bullish rejection at 3.22–3.23 suggests weak demand in that area.

Moving Averages

On the 15-minute chart, the 20 and 50-period SMAs are closely aligned and trending downward, reinforcing the bearish bias. For the daily chart, the 50 and 200-period SMAs are both bearish, with the price below both. This suggests that SUI remains in a medium-term downtrend, with potential for a continuation.

MACD & RSI

MACD remains in negative territory with a small bearish crossover, indicating that the bearish momentum is intact. RSI is around 37, suggesting the market is not yet oversold but shows no signs of immediate reversal. The divergence between price and RSI is minimal, so momentum appears to be in line with price direction.

Bollinger Bands

Bollinger Bands have been narrowing over the past 8–10 hours, indicating a period of consolidation. Price action remains near the lower band, suggesting that the market is in a consolidation phase and may be due for a breakout. A break below 3.1559 could accelerate the short-term downtrend.

Volume & Turnover

Volume spiked dramatically at 02:30 ET, coinciding with a large bearish move from $3.22 to $3.1963. This suggests increased bearish participation at that point. Turnover was relatively muted for most of the session, with a final burst of activity in the 5–6-hour window before the close. The overall volume and turnover pattern supports a bearish continuation bias.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from $3.2975 to $3.2639, the 61.8% level is at $3.2769 and the 38.2% level is at $3.2807. Price has not yet tested these levels, and if it does, they could act as dynamic resistance. On the larger daily swing, the 38.2% retracement is at $3.2273, which appears to have held as a resistance zone.

Backtest Hypothesis

A potential backtest strategy would involve entering a short position when SUIUSD breaks below a 15-minute 20-period SMA with confirmed volume expansion and MACD bearish crossover. A stop-loss could be placed just above the 3.1963 level, with a target at the next Fibonacci level, 3.16–3.17. This approach could be validated using historical intraday data from the past 30 days to assess win rate, risk-reward ratio, and average holding time.

Looking ahead, the next 24 hours may bring increased volatility if SUIUSD breaks the consolidation range. While a bearish continuation is likely, investors should watch for a rejection above 3.1963 or a break below 3.1559 for directional clarity. As always, position size should be managed with caution given the volatile nature of the market.