$SUSHI 📉 SUSHI/USDT 2H Chart Analysis - Bearish Bias🐻🐻🔑🔑👇👇👇
🕒 Timeframe: 2-Hour
📍 Exchange: Binance
💰 Current Price: $0.899
📉 24H Change: Bearish Momentum
🔍 Market Overview:
The SUSHI/USDT pair is showing weakness as price breaks below key support levels. Sellers are in control as the market struggles to hold above $0.90.
📊 Technical Analysis:
🔴 Trend: Bearish
🔻 Support Levels: $0.851 | $0.800
📈 Resistance Levels: $0.921 | $0.929
📉 RSI (Relative Strength Index): 38.11 (Bearish)
RSI below 40, indicating strong selling pressure and momentum weakness.
📊 DMI (Directional Movement Index):
-DI (30.01) > +DI (11.94) ⬅️ Sellers dominating
ADX (21.17) – Moderate trend strength, potential further downside
📉 Moving Averages:
Price is below the 50 EMA, confirming the bearish trend.
The 200 EMA resistance near $0.983 is acting as a rejection point.
📈 Volume Spike:
Increasing selling volume, reinforcing bearish sentiment.
🛑 Trade Setup (Bearish Plan)
🔻 Short Entry: Below $0.899 (on breakdown confirmation).
🎯 Target 1: $0.851
🎯 Target 2: $0.800 (next major support).
📉 Extended Bearish Target: If $0.800 breaks, expect further decline to $0.750.
🚀 Invalidation (Bullish Reversal)
🔄 Bullish scenario only above $0.921, where SUSHI could push toward $0.95 - $1.00.
⏳ Final Thought: Bearish Bias 📉
Downtrend confirmed with lower highs and lower lows.
RSI weak, sellers dominating, moving averages showing downward momentum.
Expect further downside unless price reclaims $0.921.
⚠️ Trade with caution & set stop-losses!
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📌 Disclaimer: This is not financial advice. Do your own research before trading.
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