SUSHIUSDT at a Critical Pivot Golden Pocket Retest or Bull Trap?📊 Full Daily Chart Analysis (1D) — KuCoin
After months of dull sideways movement, SUSHI is finally showing signs of life! A strong breakout above a long-term consolidation range has pushed price up to the key resistance at $1.03, raising the possibility of a mid-term trend reversal.
However, the price is now entering a pullback phase. The key question:
Is this just a healthy correction before the next leg up—or the beginning of another downward move?
---
🔍 Structure & Pattern Breakdown:
Rounded Bottom Formation:
Formed from April to July 2025, this pattern signals a shift from accumulation to potential bullish expansion.
Confirmed Breakout:
A breakout above the neckline at $0.80, supported by increasing volume, suggests this move is legitimate—not a fakeout.
Golden Pocket Retest (Key Fibonacci Zone):
Price is currently pulling back into the Fibonacci Golden Pocket (0.5 at $0.7992 and 0.618 at $0.7295) — the most ideal technical zone for a bullish re-entry. This area also aligns with a strong historical demand zone.
---
📈 Bullish Scenario (Primary Case):
If daily candles hold above the $0.7295–$0.7992 zone and form a strong reversal signal (e.g. bullish engulfing or hammer):
Price is likely to retest $1.03 (minor resistance).
A successful breakout above $1.03 could lead to a rally toward:
🔸 $1.3374 – Previous horizontal resistance
🔸 $1.8307 – Key psychological level & March 2025 swing high
🔸 $2.6591 – Fibonacci extension target
🔸 $2.8195 – Major high from November 2024
This could mark the beginning of a mid-term bullish trend if volume continues to build.
---
📉 Bearish Scenario (Alternative Case):
If the price fails to hold above the Golden Pocket and breaks below $0.7295:
A deeper correction is likely, with price revisiting $0.60 or even retesting the bottom zone at $0.4515.
This would invalidate the bullish setup and confirm a bull trap.
---
🧠 Conclusion:
SUSHI is at a decisive moment. This retest of the Golden Pocket will determine whether this is simply a healthy pullback within a new uptrend, or the early sign of another bearish breakdown.
> Plan the trade, trade the plan. The $0.73–$0.80 zone is the battlefield for SUSHI’s next major move.
---
📌 Key Levels:
Level Description
$0.7295–$0.7992 Golden Pocket (Fibonacci Re-Entry Zone)
$1.03 Minor Resistance
$1.3374 Bullish Target 1
$1.8307 Bullish Target 2 (Mid Resistance)
$2.6591–$2.8195 Long-Term Bullish Targets
$0.60 / $0.4515 Bearish Supports if Breakdown Occurs
#SUSHIUSDT #CryptoBreakout #FibonacciTrading #GoldenPocket #AltcoinReversal #SushiSwap #CryptoSetup #TechnicalAnalysis #BullishScenario
