Sushiswap Market Overview (SUSHIUSD) – August 31, 2025

• Sushiswap (SUSHIUSD) traded in a narrow range for most of the session before breaking out near 0.773 and stabilizing at 0.786.
• Low volume persisted for nearly the entire 24-hour period, with only a few spikes late in the night.
• Momentum indicators suggest a potential reversal at 0.738, with RSI near neutral territory.
• Bollinger Bands show minimal volatility contraction before the breakout.
• The 24-hour move fits a small Fibonacci retracement pattern from the recent swing high.

Sushiswap (SUSHIUSD) opened at $0.738 (12:00 ET - 1) and closed at $0.786 (12:00 ET) following a late-night breakout. The 24-hour high was $0.786, and the low was $0.738. Total trading volume remained extremely low at just 375.2 units, while notional turnover stood at approximately $288.6. This session was defined by inactivity followed by a sudden price jump and consolidation near the upper end of the range.

Structure & Formations

The candlestick structure for most of the 24-hour period showed near-flat activity at $0.738 with no real price movement or candle formations until a spike in volume and price at 00:15 ET triggered a small bullish breakout to $0.773. Later, the price advanced to $0.786, forming a small bullish engulfing pattern on the 15-minute chart. This pattern suggests a possible short-term reversal or continuation from the consolidation at $0.738. A doji formed near $0.738 early in the session, indicating indecision at the lower boundary.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both flat at $0.738 for most of the session before the price moved above both. The 50-period MA crossed above the 20-period MA just after 02:15 ET, forming a golden cross, which historically signals a potential short-term uptrend. On the daily chart, the 50-period MA is below the 100-period MA, but the 200-period MA remains flat near $0.738, suggesting Sushiswap is consolidating after a long bearish phase.

MACD & RSI

The MACD line remained flat and negative for most of the session, with a small cross above the signal line occurring just after the breakout. This could signal a short-term bullish momentum shift. The RSI, typically a leading indicator, moved from below 30 (oversold) to around 50 by the end of the session, indicating the price is stabilizing and may find near-term equilibrium at $0.786.

Bollinger Bands

The Bollinger Bands remained compressed for nearly the entire 24-hour period, indicating low volatility and range-bound trading. The breakout at 00:15 ET marked a significant expansion of the bands. The price has since settled just below the upper band, near $0.786, indicating it is in overbought territory. This suggests traders may watch for a potential pullback toward the mid-band or a continuation if momentum holds.

Volume & Turnover

Trading volume remained near zero for nearly 18 hours until the breakout triggered a small increase at 00:15 ET, with volume reaching 8.3 units. A larger spike of 253.2 units at 02:15 ET confirmed the price move to $0.779 and $0.786. Despite this, notional turnover remained low at $288.6, indicating the price move was not accompanied by a strong buying or selling pressure from large institutional players. The divergence between volume and price could point to a short-term reversal or a lack of conviction in the current trend.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing from the 15-minute high of $0.738 to the breakout high of $0.786 shows the current price near the 61.8% retracement level. This level is often a key area of interest for traders looking for support or consolidation before the next move. A break above $0.786 could target the 78.6% retracement at around $0.810, but this would require a significant increase in volume and momentum.

Backtest Hypothesis

A potential backtest strategy for Sushiswap (SUSHIUSD) could involve using the 15-minute MACD as an entry signal—entering long on a golden cross and exiting on a dead cross. Given the recent golden cross at 02:15 ET, this could be a viable short-term strategy for traders who are willing to take a directional bet. For exit rules, a fixed holding period of 20 trading days or a trailing stop-loss at 5% below entry could provide risk control. A backtest of this approach from 2022-01-01 to 2025-08-31 would help validate the strategy's effectiveness in range-bound or breakout scenarios similar to the current session.