SUI/USDT Market Overview for October 5, 2025

• SUI/USDT rose 2.8% in 24 hours with a strong bullish breakout above 3.60.
• High volatility seen with Bollinger Band expansion and RSI nearing overbought territory.
• Large volume spike during early morning ET suggests strong buying pressure.
• 15-minute chart shows a bullish engulfing pattern near 3.606 after a consolidation phase.
• Fibonacci retracement levels indicate potential support at 3.575 and resistance near 3.666.

Sui/Tether (SUIUSDT) opened at $3.5109 on October 4 at 12:00 ET and closed at $3.614 at the same time on October 5. The pair reached a high of $3.6888 and a low of $3.5077 during the 24-hour window. Total volume was 11,594,090.5 coins, and notional turnover reached $39,912,480.22.

The 15-minute chart reveals a key breakout above the prior consolidation range, capped by a strong bullish engulfing pattern at 3.606. The price has moved above the 20-period and 50-period moving averages, with the 50-period line at 3.604. The 50/100/200 daily moving averages show the price is above all three, with the 200-period at 3.564, suggesting a sustained bullish trend. The MACD histogram has turned positive, and the RSI has risen to 64, indicating growing momentum but not yet overbought conditions.

Bollinger Bands have expanded, with the price closing near the upper band at 3.6888, suggesting high volatility. The lower band sits at 3.497, and the recent move to the upper band reflects a strong bullish phase. The 20-period standard deviation shows a 15-minute volatility spike after 02:00 ET, coinciding with a large volume surge.

Fibonacci retracement levels based on the swing low at 3.5077 and swing high at 3.6888 indicate key levels: 38.2% at 3.593, 50% at 3.604, and 61.8% at 3.616. The price appears to have cleared the 50% and 61.8% retracement levels, and a close above 3.666 could trigger further bullish extension. The 38.2% level at 3.593 may offer support if the price retraces.

Backtest Hypothesis
The breakout strategy, which involves entering a long position when price closes above the upper Bollinger Band combined with a bullish engulfing pattern, has shown strong performance in prior volatile cycles. A stop-loss below the 38.2% Fibonacci level at 3.593 would protect against a reversal. A target of 3.666 aligns with the 61.8% retracement and could be used to take partial profits, with the remainder held for a potential extension to 3.690, the 78.6% level. Given current momentum and volume confirmation, this strategy may offer a favorable risk/reward setup for the next 24 hours.