SUSHI/USDT Reversal from Historical Demand ZoneThe 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.
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