{"id":10274,"date":"2025-09-10T07:36:07","date_gmt":"2025-09-10T07:36:07","guid":{"rendered":"https:\/\/bitunikey.com\/news\/sushiswap-sushi-price-invalidates-bearish-setup-45-upside-in-play\/"},"modified":"2025-09-10T07:36:12","modified_gmt":"2025-09-10T07:36:12","slug":"sushiswap-sushi-price-invalidates-bearish-setup-45-upside-in-play","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/sushiswap-sushi-price-invalidates-bearish-setup-45-upside-in-play\/","title":{"rendered":"SushiSwap (SUSHI) price invalidates bearish setup, 45% upside in play"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">SushiSwap price has broken out of a descending triangle pattern that had kept it in a downtrend since mid-July.<\/p>\n<div id=\"cn-block-summary-block_c40342ccb92d2dbef541b40231acc7ba\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>SUSHI price has been on a downtrend since July.<\/li>\n<li>The token has invalidated a multi-month descending triangle pattern.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Sushi (SUSHI) was trading at $0.79 up 2% in the past 24 hours and 6.3% in the past 7 days. Its market cap stood at $153 million as of press time.<\/p>\n<p>Despite its weekly gains, the token remains 62% below its July high, since when bears have brought the token down to $0.70 multiple times.<\/p>\n<p>A few catalysts have emerged that could support further upside for SUSHI.<\/p>\n<p>First, SushiSwap has recently <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/SushiSwap\/status\/1965445176425697499\" target=\"_blank\" rel=\"nofollow\">gone live<\/a> on HyperEVM. This enables swapping HyperEVM assets via its aggregator interface, marking a deeper integration with the Hyperliquid ecosystem.\u00a0<\/p>\n<p>Such a move positions SUSHI at the center of a growing multi-chain liquidity network and expands its use case across more than 40 supported chains.<\/p>\n<p>Another factor that could support its potential is the strong earnings <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/protocol\/sushi\" target=\"_blank\" rel=\"nofollow\">recorded in Q3<\/a> of this year. Notably, earnings currently stand at $2.77 million, significantly higher than the approximately $200,000 reported in the previous quarter. A sharp increase in earnings indicates that DeFi protocols built on SushiSwap are being used more actively and that revenue efficiency has improved, a factor that could boost investor sentiment toward the token and, in turn, drive further interest.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h1 class=\"wp-block-heading\">SUSHI price targets 45% upside after invalidating a descending triangle<\/h1>\n<p>On the daily chart, SUSHI price had formed a multi-month descending triangle pattern, a technical setup typically formed by a series of lower highs converging toward a horizontal support level, indicating sustained bearish pressure.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">SUSHI price has broken out of a descending triangle pattern on the daily chart \u2014 Sep. 10 | Source: crypto.news<\/figcaption><\/figure>\n<p>It has invalidated the pattern today, a sign that bears are losing control and marking a bullish reversal in technical analysis. This shift in trend is further supported by a golden cross that remains in play, after the 50-day simple moving average crossed above the 200-day SMA. The last time such a crossover occurred, SUSHI rallied by as much as 120%.<\/p>\n<p>Based on these bullish technicals, the path of least resistance points to a target of $1.16, a level calculated by measuring the height of the descending triangle and projecting it upward from the breakout point. This target remains nearly 47% above the current price as of press time.<\/p>\n<p>However, the setup would be invalidated if SUSHI loses the $0.75 psychological support, which would open the path to further losses down to $0.70, the level marked by its 200-day moving average.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SushiSwap price has broken out of a descending triangle pattern that had kept it in a downtrend since mid-July. Summary SUSHI price has been on a downtrend since July. The&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=10274"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10274\/revisions"}],"predecessor-version":[{"id":10276,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10274\/revisions\/10276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/10275"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=10274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=10274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=10274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}