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SUSHIUSDT trade ideas

SUSHIUSDT Holding Strong Support — Bullish Ahead?"SUSHIUSDT Technical analysis update. SUSHIUSDT has respected a strong horizontal support zone for several years, as shown by multiple successful retests. Every dip into this support area has triggered a notable bounce. Currently, SUSHI is once again bouncing off this major support, and the price action suggests potential for a larger bullish move ahead. Before the big rally price could correct, if the rally continues, then the next target $2.80–$3.40 level.
Long
by HexaTrades
SushiSwap: Your Altcoin ChoiceAnother great chart. In December 2024 SushiSwap hit its highest price since December 2020 on a bullish move. In general, December 2024 produced the highest level since April 2022. Really something, a multiple years long high. How are you doing today my friend in the law? I hope you are having a wonderful day and weekend. This is another classic chart setup and price action dynamic that I am about to show and analyze. SUSHIUSDT produced a triple-bottom on a wide, long-term consolidation (sideways) channel. It is interesting to notice that shy higher highs have been present since October 2022. The bottom portion is mixed. Last week produced the lowest price ever based on candle close. On candle wick, this week is a higher low vs early August 2024. This is pretty much irrelevant. Seeing a lower low, higher low, perfect double-bottom, etc., wouldn't change the bigger picture. There is a strong correction after a descent but minor bullish wave. This correction ends at support and once the low is in a new bullish impulse will develop. Now, the preceding years the action was not really strong because these are transition years. A transition from bearish to bullish. This year, everything changes. Instead of a small "descent" bullish wave, we will have a major bullish cycle, that is what comes next. The price now is absolutely awesome, the best possible, true All-Time Low. Once we are in with great timing and pricing, a bull market becomes really fun. When you manage to catch the bottom, all that follows is to see how your capital/profits grow. Enjoy your life! And thank you for your continued support. This is a great Top Altcoin Choice. Namaste.
Long
by MasterAnanda
1
SUSHI is Bleeding Out — Is This the Calm Before the Final Dump? Yello, Paradisers! Have you been ignoring SUSHI lately? That might be a mistake — because the price action is showing signs that a deeper drop could be just around the corner, and those not paying attention could get caught off guard. Let’s break it down. 💎#SUSHIUSDT is still trading below both the 50 EMA and the 200 EMA, a clear confirmation that the broader market structure remains decisively bearish. The 50 EMA continues to act as dynamic resistance, repeatedly rejecting price during short-lived pullbacks, while the 200 EMA sits significantly higher, further emphasizing the strength of the existing downtrend. 💎Adding to the bearish pressure, there’s a strong supply zone between $0.620 and $0.640. This zone has capped every bullish attempt, confirming heavy distribution at these levels. Until this zone is broken with volume and conviction, upside potential remains extremely limited. 💎One key level to watch in the short-term is the 50% Fibonacci retracement at $0.586, which has turned into a reliable interim rejection level. We expect the price to tap this level again before any meaningful downside continuation is likely to unfold. 💎As long as price fails to close above the $0.568 level, the structure will remain under pressure. A breakdown below the moderate support at $0.522 would likely trigger a move into the $0.485–$0.451 major support zone, where we could see more aggressive buyers or a potential reversal setup. 💎The only scenario that would invalidate this bearish outlook is a clean breakout and sustained close above $0.640, which would reclaim the supply zone and force shorts to cover. Until then, the path of least resistance remains to the downside. Stay focused, Paradisers. Be the hunter, not the hunted. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
2
$SUSHI at a Turning Point – Breakout or Rejection? CRYPTOCAP:SUSHI is at a critical juncture, attempting to break key resistance levels. A successful breakout could confirm a trend reversal and open the door for further upside. SUSHI 1D Update: - Breaking out of a **descending triangle**, which could signal bullish momentum if confirmed. - Trading inside a **descending parallel channel** – a breakout is needed to shift the trend. Key Level to Watch: - A breakout above **$0.81±** could confirm bullish continuation. Monitoring for confirmation and potential upside move—momentum is building! 🚀
by coin_mastermind
UNIVERSOFSIGNALS| SUSHI: Key Levels and Market Outlook👋 Welcome to UNIVERSOFSIGNALS ! In this analysis, I want to review SUSHI for you. SushiSwap is a DeFi protocol operating in the DEX sector, with its token currently ranked 195th on CoinMarketCap and a market cap of $58 million. 📅 Weekly Timeframe On the weekly timeframe, we can see a consolidation box between $0.534 and $1.959. Since 2022, the price has been fluctuating within this range, forming a large consolidation zone, with multiple touches to both the upper and lower boundaries of this box. 🔍 As observed, in the last bullish leg, the price broke above the box's upper boundary with a large weekly candle. However, it quickly retraced back into the range after being rejected at $2.734, resulting in a fake breakout. 🧩 Currently, the price is near the lower boundary of the range at $0.534. If this support level breaks, the price could initiate another bearish leg and move toward a new all-time low (ATL). On the other hand, if the upper boundary of the box is broken and price stabilizes above it, we could see an upward movement in SUSHI. ⚡️ The largest and most significant resistance ahead is at $20.444, which is the all-time high (ATH). Reaching this level would be extremely difficult, as it would require a significant increase in market capitalization, meaning a substantial capital inflow into the coin. ✨ Let’s now analyze the daily timeframe to gain more insight into price movement. 📅 Daily Timeframe On the daily timeframe, as seen in the last bullish leg, the price bounced from the $0.534 support and moved upward. After breaking $0.803, strong bullish momentum entered the market. Additionally, RSI reaching the oversold zone contributed to a stronger bullish push. 🔽 Following this movement, the fake breakout at $1.855 led to the start of a corrective and bearish phase, with the price initially declining to $1.347. 📊 After breaking below $1.347 and retesting it as resistance, the price entered another bearish leg, reaching $0.803. Currently, after some range-bound movement around this level, RSI has exited the oversold zone, and the price seems to be retesting this level as resistance. ✅ If RSI re-enters the oversold zone, the price could drop further to the lower boundary of the range at $0.534, which would not be a good sign for SUSHI. As observed, buying volume has significantly decreased, and most traders in this market are sellers. 🛒 For spot buying, I recommend avoiding this coin for now and waiting for a clear bullish structure to form. At a minimum, SUSHI should start showing strength against Bitcoin. 🧲 From a USDT perspective, if the upper boundary of the range ($1.855) breaks, then $2.734 could serve as a trigger for a buying opportunity. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the com
by UNIVERSOFSIGNALS
TradeCityPro | SUSHI: Key Levels and Market Outlook👋 Welcome to TradeCity Pro! In this analysis, I want to review SUSHI for you. SushiSwap is a DeFi protocol operating in the DEX sector, with its token currently ranked 195th on CoinMarketCap and a market cap of $58 million. 📅 Weekly Timeframe On the weekly timeframe, we can see a consolidation box between $0.534 and $1.959. Since 2022, the price has been fluctuating within this range, forming a large consolidation zone, with multiple touches to both the upper and lower boundaries of this box. 🔍 As observed, in the last bullish leg, the price broke above the box's upper boundary with a large weekly candle. However, it quickly retraced back into the range after being rejected at $2.734, resulting in a fake breakout. 🧩 Currently, the price is near the lower boundary of the range at $0.534. If this support level breaks, the price could initiate another bearish leg and move toward a new all-time low (ATL). On the other hand, if the upper boundary of the box is broken and price stabilizes above it, we could see an upward movement in SUSHI. ⚡️ The largest and most significant resistance ahead is at $20.444, which is the all-time high (ATH). Reaching this level would be extremely difficult, as it would require a significant increase in market capitalization, meaning a substantial capital inflow into the coin. ✨ Let’s now analyze the daily timeframe to gain more insight into price movement. 📅 Daily Timeframe On the daily timeframe, as seen in the last bullish leg, the price bounced from the $0.534 support and moved upward. After breaking $0.803, strong bullish momentum entered the market. Additionally, RSI reaching the oversold zone contributed to a stronger bullish push. 🔽 Following this movement, the fake breakout at $1.855 led to the start of a corrective and bearish phase, with the price initially declining to $1.347. 📊 After breaking below $1.347 and retesting it as resistance, the price entered another bearish leg, reaching $0.803. Currently, after some range-bound movement around this level, RSI has exited the oversold zone, and the price seems to be retesting this level as resistance. ✅ If RSI re-enters the oversold zone, the price could drop further to the lower boundary of the range at $0.534, which would not be a good sign for SUSHI. As observed, buying volume has significantly decreased, and most traders in this market are sellers. 🛒 For spot buying, I recommend avoiding this coin for now and waiting for a clear bullish structure to form. At a minimum, SUSHI should start showing strength against Bitcoin. 🧲 From a USDT perspective, if the upper boundary of the range ($1.855) breaks, then $2.734 could serve as a trigger for a buying opportunity. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the com
by tradecitypro
4
#SUSHI Holders, Beware: A Major Move Is Brewing in the EcosystemYello Paradisers! Have you been watching #SUSHIUSDT? If not, now’s the time to pay attention. #SushiSwap is approaching a critical point that could spark a bullish breakout: 💎#SUSHI has completed a classic 5-wave impulsive structure, with Wave 5 peaking at around $2.80. What followed is an A-B-C corrective wave, bringing #SUSHI down to its current levels. Right now, we’re seeing Wave C testing the descending support near $0.92. The key question: Will this be the end of the correction, or is there more downside ahead? 💎For the bulls to regain control, #SUSHIUSD needs to break above the $1.356 resistance. A solid breakout here could trigger a rally towards $1.80, and if momentum holds, a push into the strong resistance zone between $2.60 and $2.80. However, if #SUSHI fails to clear this hurdle, expect more sideways action or even a retest of lower levels. 💎On the downside, we have strong support at $0.70. This strong support has held many times more and we believe buyers will setup in to defend this level. The next line of defense for the bulls is present at $0.60. 💎If a candle closes below this level, the bullish setup is invalidated, and we could see a sharp decline towards $0.40 or even lower. This would mark a failure of the corrective structure, leading to a deeper bearish trend. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
4
sushi buy spot"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Long
by Golden_candle
Is SUSHIUSDT About to Bounce or Break? Yello, Paradisers! SUSHIUSDT is setting up an intriguing scenario after reacting to a key resistance trendline. Let’s break this down: 💎If SUSHIUSDT shows a bullish I-CHoCH (Internal Change of Character) from the key support zone—previously a resistance level—it could signal a higher probability of a bounce. However, patience is key here; we need to wait for confirmation of a bullish I-CHoCH on lower timeframes to take action. 💎On the flip side, if the price experiences further drops or shows signs of panic selling, the best approach would be to wait for it to reach a stronger support zone. At that point, we’d need to look for bullish patterns such as A W formation or An Inverse Head and Shoulders on lower timeframes to stack the odds in our favor. 💎If the price breaks down and closes a candle below the strong support zone, it will invalidate the bullish thesis entirely. In that case, it’s smarter to wait for a clearer structure to develop before considering any entries. 🎖 Remember, Paradisers, disciplined trading is the only way to achieve long-term success. Avoid impulsive decisions and always prioritize confirmation over speculation. The market rewards patience and preparation—stay sharp, stay focused. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
8
SUSHIUSDT: Descending Triangle or Breakout Setup?SUSHI is consolidating in a descending triangle, a pattern that often leans bearish. However, the context of the broader market may favor a bullish breakout instead. Observation: The consistent higher volume at recent supports suggests buyers are still active. Volume Dynamics: A steady decline in volume aligns with consolidation, but a decisive move—confirmed by volume expansion—is critical. Question: Do you think the declining volume supports the idea of a breakout, or does it suggest bearish exhaustion? Fibonacci Levels: The Fibonacci retracement zones highlight key levels to watch for both bullish and bearish scenarios. The price is currently hovering near mid-level retracement, a pivotal area for decision-making. Indicators: RSI: Near neutral, neither overbought nor oversold, leaving room for price action in either direction. MACD: Signs of flattening momentum but no clear crossover yet. Could the next bar indicate a direction? ADX/DMI: Lack of a strong trend hints that a breakout will define the next phase. Trade Plan: Bullish Scenario: A break above the descending resistance line, backed by increasing volume, could push the price toward the next resistance zones. Bearish Scenario: A breakdown below support may trigger a sharp move lower toward prior structural lows. Risk Management: Stop-loss near recent support ensures a well-balanced risk-reward setup. Questions: Is the descending triangle pattern valid, or do you see this as a potential reversal setup? How do you use volume spikes to confirm breakouts in similar charts? Are Fibonacci retracement levels a strong confluence for your entries and exits? Conclusion: SUSHI is at a decision point. With price compressing in a tight range, a breakout or breakdown is imminent. A decisive move will likely set the tone for the next significant trend. Watch the live analysis video for deeper insights, and drop your thoughts below. Would you trade this setup? Let’s discuss your strategy!
Long
by MyTradingJournal6th