🚨 $SUSHI Quick Technical Analysis 📊
Current Price: 0.1935 USDT (+3.20% 24h)
24h High: 0.2012 | 24h Low: 0.1827
SUSHI just delivered a sharp bounce from the 24h low at 0.1827 with strong green candles — classic relief rally after the dip!
🔹 Key Support Levels
🟢 Strong base: 0.1827 (major 24h low — held perfectly)
🟢 Immediate: 0.1910 / 0.1863
🔹 Key Resistance Levels
🔴 Immediate: 0.1957
🔴 Next major: 0.2012 (24h high) → 0.2040
🔴 Overhead: MA(99) at 0.2017 (still declining)
Moving Averages Snapshot
• Above MA(25) 0.1920 ✅
• Testing MA(7) 0.1937
• Still below MA(99) 0.2017
Order Book: 58.51% buy-side pressure vs 41.49% sell — buyers in control for now.
Bias:
✅ Short-term BULLISH: momentum is clearly with the bulls after the strong bounce from support. A clean break and hold above 0.1957–0.2012 opens the door to 0.2040+ quickly.
⚠️ Long-term still cautious: we’re down -3.73% (30D), -34.41% (90D), and -66.64% (1Y). This is a relief rally inside a broader downtrend.
📌 Trade Idea
• Bullish above 0.1957 targeting 0.2012–0.2040
• Stop below 0.1910 if it fails
Watch BTC correlation and volume on the next push.
Fakeout or real reversal?
What’s your take, Square fam? Bullish on this bounce or waiting for confirmation? 👀
DYOR NFA Trade Smart 📈 📉 🔥