📊 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?
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🔍 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
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
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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.
✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ 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.