๐ฃ SUSHI โ Technical Breakout Brewing?
SUSHI is flashing strong bullish signals after forming a macro double bottom near the $0.60 zone โ a classic reversal pattern from the 2022-2023 lows.
๐ Technical Highlights:
โ Double Bottom confirmed on daily & weekly chart
โ RSI (14) broke out of the downtrend and now above 50 โ bullish momentum building
โ MACD showing a bullish crossover on the daily timeframe
โ Volume steadily increasing โ signaling accumulation
โ 200 EMA approaching price action โ a break above could trigger trend reversal
โ Key resistance at $1.60 โ $1.75; a close above could open doors to $2.50+
๐ฎ Last Cycle Recap:
SUSHI surged from ~$0.50 to over $20 in the 2021 bull run. With fundamentals still intact and DeFi narrative resurfacing, SUSHI could be setting up for another explosive move.
This may just be the calm before the sushi storm ๐ฃ๐ฅ
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