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SUSHI experiences a 0.18% increase over 24 hours, while facing a 14.41% drop in the past week as a result of overall market downturn.

SUSHI experiences a 0.18% increase over 24 hours, while facing a 14.41% drop in the past week as a result of overall market downturn.

Bitget-RWA2025/11/04 00:22
By:Bitget-RWA

- SUSHI rose 0.18% in 24 hours but fell 14.41% in 7 days, reflecting broader crypto market weakness and sustained bearish pressure. - Technical indicators show oversold RSI, bearish moving averages, and negative MACD, reinforcing pessimism about SUSHI's short-term recovery. - A backtesting strategy tested buying SUSHI after 10%+ drops with 10% take-profit and 8% stop-loss aims to assess mean-reverting potential amid volatility. - Despite temporary 24-hour gains, SUSHI's 66.96% annual decline highlights str

As of November 3, 2025,

increased by 0.18% over the past day, reaching $0.4482. Over the last week, SUSHI fell by 14.41%, declined 8.09% in the past month, and has dropped 66.96% over the previous year. The token has experienced consistent downward momentum throughout the year, with a sharp 66.96% decrease compared to the same period last year. Although there was a modest rebound in the last 24 hours, the 14.41% weekly loss highlights the prevailing bearish mood in the cryptocurrency sector.

Recent price trends emphasize the ongoing difficulties SUSHI encounters in sustaining upward movement. The gain seen in the last day may signal short-lived buying activity, but it stands out against a backdrop of persistent selling. The continued monthly decline of 8.09% indicates that significant resistance levels have yet to be decisively challenged. Experts believe that unless the broader market sees a strong recovery, SUSHI is likely to stay exposed to further declines.

Technical analysis has been instrumental in reinforcing the negative outlook for SUSHI. The RSI has been in oversold conditions for several weeks, yet the token keeps testing lower support levels. Furthermore, both the 50-day and 200-day moving averages remain in a bearish configuration, suggesting that any short-term rallies may not last. The MACD has also stayed negative for a prolonged period, with no clear indication of a bullish crossover emerging.

Backtest Hypothesis

Based on the technical signals mentioned, a practical backtesting method was outlined. The strategy treats each day when SUSHI drops by 10% or more as a possible opportunity to enter a long position. Once initiated, the position remains open until a set exit condition is met—such as holding for a fixed number of days (for example, 5 trading days) or using risk management rules (like a 10% profit target, 8% stop loss, or a maximum of 10 days). This method is intended to test whether buying after sharp declines and exiting with a profit or stop loss could be effective.

The purpose of the backtest is to evaluate if SUSHI tends to revert to the mean following significant drops. By applying this approach to historical data from January 1, 2022 onward, the analysis aims to measure key statistics like total profit and loss, win rate, and maximum drawdown. This helps assess whether a systematic trading strategy could have produced gains despite the token’s high volatility.

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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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