$SUSHI Yello Paradisers! Have you been watching
#SUSHIUSDT ? If not, now’s the time to pay attention.
#SushiSwap is approaching a critical point that could spark a bullish breakout:
💎
#SUSHI has completed a classic 5-wave impulsive structure, with Wave 5 peaking at around $2.80. What followed is an A-B-C corrective wave, bringing
#SUSHI down to its current levels. Right now, we’re seeing Wave C testing the descending support near $0.92. The key question: Will this be the end of the correction, or is there more downside ahead?
💎For the bulls to regain control,
#SUSHIUSD needs to break above the $1.356 resistance. A solid breakout here could trigger a rally towards $1.80, and if momentum holds, a push into the strong resistance zone between $2.60 and $2.80. However, if
#SUSHI fails to clear this hurdle, expect more sideways action or even a retest of lower levels.
💎On the downside, we have strong support at $0.70. This strong support has held many times more and we believe buyers will setup in to defend this level. The next line of defense for the bulls is present at $0.60.
💎If a candle closes below this level, the bullish setup is invalidated, and we could see a sharp decline towards $0.40 or even lower. This would mark a failure of the corrective structure, leading to a deeper bearish trend.
Stay focused, patient, and disciplined, Paradisers🥂