SUSHI's Technical Outlook : Reverse Head and Shoulders Pattern Points to Continued Ascent

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SUSHI's recent price action reveals a **Reverse Head and Shoulders pattern**, a significant bullish reversal signal. Following the completion of the **FVG gap**, SUSHI's upward wave has progressed to the **$0.47** range, aligning with the **100 Fibo** zone. This zone has created a demand area that is critical for sustaining the upward momentum.

Despite facing a temporary correction after breaking through the supply zone, SUSHI remains in an **uptrend**. The price could potentially touch the channel's bottom, allowing it to accumulate demand once again. Analysts anticipate that this upward movement could extend to the **$1.56** range.

A confirmed break of the supply area (marked in the analysis) would trigger a bullish continuation. If SUSHI pulls back to this area after breaking through, it would be an ideal setup for further gains.

Conclusion & Advice :

Traders should watch for SUSHI's price action around the supply area to gauge potential buying opportunities. A successful pullback could serve as a strategic entry point for those looking to capitalize on the upward trend. Always conduct thorough research and consider market conditions before making trading decisions.