SUSHI Defies Gravity: Bulls Charge Toward $0.93 as Fibonacci Support Holds Strong

SUSHI's price action just flashed a critical technical signal—and traders are leaning in hard.

Fibonacci Levels Hold the Line

The key 61.8% retracement zone refused to break, sparking an immediate bounce. Bulls now have a clear runway toward the $0.93 target—a level that could trigger a full-blown momentum shift.

Market sentiment flipped bullish almost instantly. No fancy algorithms needed here—just classic support-resistance dynamics playing out in real time. Even the usual 'whale manipulation' chatter quieted down as retail and institutional players piled in.

Of course, in crypto-land, calling a bottom is like trying to catch a falling knife—sometimes you get the handle, sometimes you get the blade. But for now, the charts are speaking a language every trader understands: higher highs are coming.

Key technical points

• $0.73 Support Zone: Confluence of POC and 0.618 Fibonacci retracement, currently defended by bulls.
• Daily Market Structure: Higher highs and higher lows intact, framing the correction as a higher low.
• Upside Target at $0.93: Holding support sets up a rally toward the next resistance level.

From a technical perspective, the corrective MOVE into $0.73 fits neatly into the broader bullish market structure. Each pullback has so far resulted in the establishment of higher lows, signaling continued demand. The latest bounce suggests traders are still committed to accumulating Sushi at discounted levels, increasing the likelihood of upside continuation.

Momentum indicators also support the bullish case. Price remains above its daily moving averages, and the rejection of lower levels indicates strong absorption of selling pressure. If follow-through buying emerges, a push toward $0.93 resistance becomes the most probable scenario in the NEAR term.

The broader structure for Sushi shows potential for further bullish expansion beyond $0.93 if momentum continues to build. While short-term volatility may remain, the combination of strong support, healthy retracement levels, and consistent higher-timeframe structure keeps the outlook tilted toward the upside.

What to expect in the coming price action

As long as Sushi defends the $0.73 region on daily closes, the bullish market structure remains intact. A rally toward $0.93 is the immediate projection, with the potential for further continuation if volume supports the breakout. Traders should watch for consolidation above support and increasing demand, as these will confirm the validity of the ongoing trend.