SushiSwapâs token SUSHI is busting outâbreaking free from consolidation, reclaiming key zones, and fueling DeFi excitement. Letâs explore whatâs powering this move and how you can ride it smartly! đĄ
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đ Technical Surge & Trade Patterns
Inverse Head & Shoulders breakout: SUSHI recently reclaimed the neckline (~$0.72), flipping it into supportâa classic bullish reversal. A 4âhour close above ~$0.775 confirms momentum targeting the $1.00+ zone, with a measured move near **$1.20+** .
Clean retest at $0.72â$0.78: Price defended this new support, consolidating before the next leg. A successful retest boosts confidence in the breakout .
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đ Fuel Behind the Rally
Binance Square buzz: Community posts highlight strong recovery off ~$0.87, eyeing entry around $0.95â$0.97, with targets at $1.03 and $1.11, supported by rising volume (~61M) .
Technical âStrong Buyâ: Bitgetâs daily indicators show 13 buy signals on moving averages and supportive oscillatorsâno sell signalsâpainting a clear bullish bias .
Important upcoming reveal: SushiSwap teased a major announcement this week, cited as a catalyst likely to push price toward $0.79, a ~30% upside .
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đ Key Price Zones at a Glance
Level Role & Significance
**$0.72â$0.78** Former resistance, now strong supportâconfirmed retest
$0.95â$1.00 Ideal entry range; momentum is building
$1.03 â $1.11 Short-to-mid targetsâboth Square setups and measured moves suggest this ceiling
$0.79 resistance Initial breakout target; aligns with upcoming reveal
Stopâloss Suggested ~$0.90 (or just below $0.87 support)
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đą Why SUSHI Still Tastes Good
DeFi & governance edge: SushiSwap remains a top DEX with cross-chain swaps, staking/xSUSHI rewards, and on-chain governanceâits core value continues to attract users .
Rising volume & active community: Daily trading volume sits around $300Mâa sign of strong liquidity and trader interest .
Strategic updates incoming: The hinted announcement adds a narrative catalystânews-based moves often trigger fresh participation .
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đ ď¸ Square Strategy Playbook
1. Entry: Consider entering between $0.95â$1.00 after price holds above $0.78â$0.87.
2. Targets:
TP1: $1.03
TP2: $1.11 (per community setup)
Stretch: $1.20+ if the H&S measured move plays out .
3. Stop-loss: Place below $0.90 or beneath $0.87 to guard against false breakout.
4. Monitor: Volume spikes, reaction to the reveal, and sustained hold of breakthrough levelsâthese confirm strength.
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đ Final Thoughts for Square Fam
With a solid technical breakout, strong on-chain fundamentals, and DeFi mojo behind it, SUSHI is setting the stage for a flavorful rally. The recent support retest and buzz around the reveal enhance conviction. Keep your stops tight and trade smartâthis could be a delicious swing! đ˝ď¸
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Want help posting your SUSHI chart or setting alerts for the $0.95â1.00 zone on Binance? Iâm here to assist! đ
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