SushiSwap (SUSHI) Shatters Bearish Pattern - 45% Rally Imminent

SUSHI just flipped the script on the bears. That ominous technical setup everyone was watching? Completely invalidated.

The Reversal Signal

Price action smashed through key resistance levels that were supposed to hold. Chartists who bet on the downside are now scrambling—technical analysis doesn't lie when patterns break this decisively.

45% Upside Target

Traders are eyeing a nearly fifty percent surge from current levels. The metrics align: trading volume spiked 300% during the breakout, liquidity pools are deepening, and the SUSHI/ETH pair shows strengthening momentum.

Defi's Resilience Play

While traditional finance still debates whether crypto has 'intrinsic value'—meanwhile, automated market makers keep printing real yield for actual users. The institutional FUD factory might need to recalibrate its narrative machine yet again.

Timing the move becomes critical now. Early buyers catch the wave; late entrants just fund the exit liquidity.

It has invalidated the pattern today, a sign that bears are losing control and marking a bullish reversal in technical analysis. This shift in trend is further supported by a golden cross that remains in play, after the 50-day simple moving average crossed above the 200-day SMA. The last time such a crossover occurred, SUSHI rallied by as much as 120%.

Based on these bullish technicals, the path of least resistance points to a target of $1.16, a level calculated by measuring the height of the descending triangle and projecting it upward from the breakout point. This target remains nearly 47% above the current price as of press time.

However, the setup WOULD be invalidated if SUSHI loses the $0.75 psychological support, which would open the path to further losses down to $0.70, the level marked by its 200-day moving average.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.