The SUSHI/USDT pair is showing strong potential for a bullish reversal from the long-term demand zone between $0.44 - $0.58, which has historically acted as a solid support area since 2021. Price has tested this zone multiple times and has bounced back, indicating significant buying interest.
🔍 Technical Overview:
Timeframe: Weekly (1W)
Key Support Zone: $0.44 - $0.58 (strong accumulation area)
Key Resistance Levels (Potential Targets):
$0.815
$1.392
$1.950
$2.765
$3.500+
Price Structure: Currently forming a possible double bottom or sideways accumulation near the macro support, often seen before bullish markup phases.
Bullish Signal: The yellow arrow illustrates a projected upward movement over the coming weeks/months if the support holds.
After a prolonged downtrend, SUSHI/USDT is now at a critical turning point, bouncing from a multi-year support zone. This accumulation phase may be the early stage of a major bullish trend. Traders should keep an eye on this setup as a breakout toward higher resistance levels could be imminent.
#SUSHI #SUSHIUSDT #CryptoAnalysis #Altcoins #CryptoReversal #TechnicalAnalysis #CryptoSupportResistance
#BullishReversal #CryptoSignals #PriceAction #ChartPattern
🔍 Technical Overview:
Timeframe: Weekly (1W)
Key Support Zone: $0.44 - $0.58 (strong accumulation area)
Key Resistance Levels (Potential Targets):
$0.815
$1.392
$1.950
$2.765
$3.500+
Price Structure: Currently forming a possible double bottom or sideways accumulation near the macro support, often seen before bullish markup phases.
Bullish Signal: The yellow arrow illustrates a projected upward movement over the coming weeks/months if the support holds.
After a prolonged downtrend, SUSHI/USDT is now at a critical turning point, bouncing from a multi-year support zone. This accumulation phase may be the early stage of a major bullish trend. Traders should keep an eye on this setup as a breakout toward higher resistance levels could be imminent.
#SUSHI #SUSHIUSDT #CryptoAnalysis #Altcoins #CryptoReversal #TechnicalAnalysis #CryptoSupportResistance
#BullishReversal #CryptoSignals #PriceAction #ChartPattern
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
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✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.