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SUSHI +0.16% as of NOV 2 2025 During Fluctuating Short- and Long-Term Trends

SUSHI +0.16% as of NOV 2 2025 During Fluctuating Short- and Long-Term Trends

Bitget-RWA2025/11/02 05:02
By: Bitget-RWA
- SUSHI rose 0.16% on Nov 2 2025 but fell 62.01% annually amid DeFi market uncertainty. - Short-term volatility contrasts with bearish technical indicators and regulatory pressures affecting DeFi tokens. - Backtesting attempts failed due to ticker symbol mismatch, prompting alternative data sources like "SUSHI-USD" or manual price files. - Analysts warn of continued caution as macroeconomic trends and crypto sentiment show no near-term stabilization.

As of November 2, 2025,

experienced a 0.16% increase over the past day, reaching $0.5147. This slight gain comes despite a 0.58% decrease over the previous week. Over the last month, the token has shown more strength, climbing 5.69%. However, it remains under significant pressure year-over-year, having dropped 62.01% in the last 12 months. These mixed results underscore the persistent uncertainty in the DeFi sector, where SUSHI continues to respond to shifting market sentiment and changing regulatory conditions.

Recent trends for SUSHI indicate ongoing short-term price swings, but the overall outlook remains bearish. The small daily increase offers only brief relief for holders and is likely a short-lived movement within a volatile market. Experts believe that caution will prevail among investors, especially as regulatory oversight of DeFi tokens intensifies. The token’s trajectory seems closely tied to larger economic factors and the general mood in the crypto market, both of which show little sign of stabilizing soon.

Technical analysis points to a continuation of the downward trend for SUSHI, with key resistance and support levels remaining largely unchanged in recent weeks. For short-term traders, opportunities appear limited as the token struggles to establish a clear direction. The recent 0.16% uptick seems to be more a result of market fluctuations than a signal of lasting upward momentum.

Backtest Hypothesis

Based on the technical outlook and recent price action, a backtesting approach was suggested to assess potential returns using SUSHI’s historical data. The initial backtest attempt ran into a technical issue: the backtesting engine failed to find a valid price feed for the ticker "SUSHIUSD.UDC." This typically points to a discrepancy between the ticker used in the strategy and the one recognized by the pricing system.

To resolve this, several solutions were put forward. One was to use an alternative ticker, such as “SUSHI-USD,” which is widely accepted by data providers. Another option involved using an internal file—“sushi_close_price.json”—which contains the full daily closing price history and could be used to manually build the trade log for the backtester. A third suggestion was to conduct an event-driven backtest using the “event_backtest” engine, analyzing the token’s performance after specific triggers, like market rallies or major news, over a 30-day period.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Bitget-RWA2025/11/05 12:14

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