SUSHI has surged 7.78% in the past 21 hours, sparking heated discussion in the community. What is driving this rally? What risks does it face? Let’s take a look together.
**Technical Perspective**
From the indicators, SUSHI indeed shows strong bullish characteristics. The EMA remains upward sloping, and the MACD histogram has turned positive, indicating a rebound in upward momentum. The price is trading near the upper Bollinger Band, which is favorable for the bulls in the short term.
But there is a problem—RSI6 and RSI12 are at 80.80 and 76.78 respectively, firmly in overbought territory. Usually, this suggests a possible pullback, especially in the absence of new buying support.
**Fundamental Perspective is a bit complex**
The ATR (Average True Range) has recently increased, indicating higher price volatility. This also raises market uncertainty. More interestingly, recent hourly data shows frequent inflows and outflows of funds—for example, at 19:00 there was a significant outflow of 119,482 USDT. This suggests a tug-of-war between buyers and sellers, rather than a one-sided strong move.
**Community’s View**
The community’s expectations for SUSHI remain quite positive, with many believing that after a short-term correction, new highs could be reached. However, such bullish sentiment also warrants caution, as extreme optimism often signals a potential turning point.
Overall, SUSHI has indeed experienced a solid short-term rally, and technical momentum remains, but overbought signals are flashing, and fund flows appear less pure. Whether it can continue upward depends largely on whether it can attract more sustained buying support.
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¯\_(ツ)_/¯
· 19h ago
It's the same old overbought routine again. The RSI is already off the charts, and you still want to keep pushing? With funds flowing in and out so frequently, it's probably just a bunch of bagholders cutting each other loose.
View OriginalReply0
AllTalkLongTrader
· 19h ago
It's starting to be overbought again, RSI is almost off the charts. This wave of increase is too fast, be careful of a sell-off.
Don't be swayed by community sentiment; capital outflows are speaking volumes.
7.78% is nothing; it depends on whether it can hold steady. Without new buying interest, it's just a paper tiger.
Hey, could this be another last hurrah before a V-shaped rebound? It's really hard to say.
Funds are in a tug-of-war. I think I'll wait a bit before jumping in; buying the dip in overbought conditions can easily trap you.
SUSHI is a bit weak this round; wait for the correction before looking again. Don't chase the high, brothers.
View OriginalReply0
ser_we_are_early
· 19h ago
RSI skyrocketing to over 80, this isn't a good sign, brother. History has taught us this way.
Wait, 119k USDT flowing out, is this a dump? Feels like someone is running.
The community is so optimistic that it makes me nervous. Usually, this is the time to reduce positions.
Short-term gains are good, but the risks are hidden deep. I'll stay on the sidelines.
Overbought is overbought, anyway I already sold half long ago.
If this wave drops back, I'll buy the dip; otherwise, I'll keep watching the show.
View OriginalReply0
ImaginaryWhale
· 19h ago
RSI has already soared above 80, do you still dare to chase? This wave of high-position buying probably means more losses ahead.
Funds are fleeing, retail investors are rising, I've seen this script too many times.
The SUSHI pattern is too familiar; after the hype, it crashes.
The community keeps shouting about new highs every day, but the result is always the same...
Wait for a pullback; the real opportunity is below.
SUSHI has surged 7.78% in the past 21 hours, sparking heated discussion in the community. What is driving this rally? What risks does it face? Let’s take a look together.
**Technical Perspective**
From the indicators, SUSHI indeed shows strong bullish characteristics. The EMA remains upward sloping, and the MACD histogram has turned positive, indicating a rebound in upward momentum. The price is trading near the upper Bollinger Band, which is favorable for the bulls in the short term.
But there is a problem—RSI6 and RSI12 are at 80.80 and 76.78 respectively, firmly in overbought territory. Usually, this suggests a possible pullback, especially in the absence of new buying support.
**Fundamental Perspective is a bit complex**
The ATR (Average True Range) has recently increased, indicating higher price volatility. This also raises market uncertainty. More interestingly, recent hourly data shows frequent inflows and outflows of funds—for example, at 19:00 there was a significant outflow of 119,482 USDT. This suggests a tug-of-war between buyers and sellers, rather than a one-sided strong move.
**Community’s View**
The community’s expectations for SUSHI remain quite positive, with many believing that after a short-term correction, new highs could be reached. However, such bullish sentiment also warrants caution, as extreme optimism often signals a potential turning point.
Overall, SUSHI has indeed experienced a solid short-term rally, and technical momentum remains, but overbought signals are flashing, and fund flows appear less pure. Whether it can continue upward depends largely on whether it can attract more sustained buying support.