SUSHI +0.16% on NOV 2 2025 Amid Mixed Short- and Long-Term Volatility

On NOV 2 2025, SUSHI rose by 0.16% within 24 hours to reach $0.5147, reflecting modest near-term gains despite a 0.58% decline over the preceding seven days. The token has demonstrated stronger resilience over the past month, rising by 5.69%, but remains under pressure on an annual basis, with a sharp 62.01% drop over the past 12 months. The mixed performance highlights ongoing uncertainty in the DeFi space, where SUSHI continues to navigate market sentiment and evolving regulatory frameworks.

SUSHI’s recent behavior suggests a pattern of short-term volatility but with undercurrents of longer-term bearish pressure. The 24-hour uptick offers a slight reprieve for investors but is likely a temporary fluctuation amid broader market dynamics. Analysts project that market participants will remain cautious, particularly as DeFi tokens face increasing regulatory scrutiny. The token’s performance appears to hinge on macroeconomic trends and broader crypto market sentiment, which show little sign of stabilizing in the near term.

Technical indicators for SUSHI suggest a continuation of the bearish trend, with key resistance and support levels showing minimal movement over recent weeks. Short-term traders may find limited opportunity in the current environment, as the token struggles to establish a clear directional bias. The recent 0.16% rise appears to be more a function of market noise than a sign of sustained bullish momentum.

Backtest Hypothesis

Given the technical indicators and recent price behavior, a backtesting strategy was proposed to evaluate potential returns using historical price data for SUSHI. The initial attempt to execute the backtest encountered a technical hurdle: the backtesting engine could not locate a valid price source for the ticker "SUSHIUSD.UDC." This issue typically indicates a mismatch between the ticker symbol used in the strategy and the one recognized by the internal pricing service.

To address this, several workarounds were suggested. First, an alternative ticker symbol was proposed, such as “SUSHI-USD,” which is commonly used by data vendors to represent the token. Second, an internal price file—“sushi_close_price.json”—was identified as a viable input source, which contains the complete daily closing price history. This file could be used to manually construct the trade log and pass it to the backtester alongside the price series. Third, an event-based backtest was suggested, using the “event_backtest” engine to evaluate the token’s performance following specific signals, such as market surges or fundamental news, over a 30-day holding period.