- •SUSHI/USDT surged after a liquidity sweep triggered a bullish reversal backed by smart money accumulation.
- •The token tapped $0.85 after sweeping buy-side liquidity at previous weekly highs before reversing.
- •RSI and EMA indicators hint at short-term bullish momentum, despite volume weakness.
SUSHI staged a clean rally to $0.85, following a smart money-driven setup marked by a liquidity sweep and confirmed market structure shift. The move was quick, technical, and well-anticipated by seasoned traders.
Liquidity Sweep Sparks Bullish Reversal
SushiSwap saw a sharp bullish turn on October 8 as the price rallied toward $0.85 on Binance. The setup began with a sweep of a prior low, triggering stop-losses and collecting sell-side liquidity. This was immediately followed by a bullish Market Structure Shift (MSS) — a classic sign of institutional accumulation.
Source Crypto Patel Via X
The MSS confirmed a reversal, prompting bullish order flow and higher lows forming in succession. The price then moved cleanly toward a key liquidity zone — the Previous Week's High (PWH) at $0.8501 — sweeping buy-side liquidity before sharply reversing. This pattern, often tied to institutional order flow behavior, reflects the typical liquidity engineering seen in smart money strategies.
Pullback and Short-Term Structure
Following the rally and sweep of the PWH, SUSHI witnessed a noticeable pullback. The price dropped below the $0.8129 buy-side liquidity zone and is now testing support near $0.7746. This reaction suggests the $0.85 move was less of a breakout and more of a targeted liquidity grab.
SUSHI is starting to bounce back after dipping below $0.6850. It’s now trading just above $0.7100, around $0.7117, gaining about 2.26% in the past day. The price has crossed above the 9-period EMA at $0.7011, and the RSI reading of 61.20 suggests short-term strength.
The $0.7150 to $0.7200 zone remains a tough barrier. If the price can break through this resistance on stronger volume, it could keep rising. If not, a pullback to lower support levels is possible.
Market Cap & Sentiment Insights
From October 2 to October 8, SUSHI’s market cap oscillated between $130M and $142M, with sharp swings pointing to algorithmic or large-scale trading. A recent rebound from under $133M to $135M shows renewed interest, though spot and futures volumes are declining.
Daily trading volumes dropped, with futures volume down 26.50% to $39.95M, and spot volume at just $5.47M. Open interest is also slightly lower, while liquidations fell nearly 50%, suggesting fewer leveraged plays in the market.