SUSHI -0.18% 24-Hour Gain Amid 14.41% 7-Day Decline Due to Broader Market Pressure

On NOV 3 2025, SUSHI rose by 0.18% within 24 hours to reach $0.4482, SUSHI dropped by 14.41% within 7 days, dropped by 8.09% within 1 month, and dropped by 66.96% within 1 year. The token has faced sustained downward pressure over the past year, with a steep 66.96% drop since this time last year. Despite a short-term rebound in the last 24 hours, the 14.41% decline over the past week underscores broader bearish sentiment affecting the crypto market.

The recent price action highlights the persistent challenges SUSHI faces in maintaining upward momentum. While the 24-hour gain may reflect temporary buying interest, it remains isolated against a backdrop of continued selling pressure. The token’s inability to reverse its negative trajectory over the past month (8.09% drop) suggests that key resistance levels have not yet been convincingly tested. Analysts project that unless a broader market rally materializes, SUSHI will likely remain vulnerable to further downside.

Technical indicators have played a key role in shaping the bearish outlook for SUSHI. The RSI has remained in oversold territory for several weeks, yet the asset has continued to retest lower supports. Additionally, the 50-day and 200-day moving averages remain in a bearish alignment, reinforcing the idea that any near-term rallies are likely to be short-lived. The MACD has also stayed negative for an extended period, with no clear signs of a crossover that would indicate a shift in sentiment.

Backtest Hypothesis

Given the technical indicators used above, a practical backtesting strategy was proposed. The methodology involves treating every day in which SUSHI fell by 10% or more as a potential long entry point. Once triggered, a long position would remain open until a predefined exit rule is met—either a fixed holding period (e.g., 5 trading days) or a risk-controlled exit (e.g., +10% take-profit, -8% stop-loss, max 10 days). This approach is designed to evaluate the viability of buying SUSHI on sharp downward spikes and exiting with either a profit target or a hard stop loss.

The backtesting aims to assess whether the asset exhibits mean-reverting behavior following such sharp declines. By applying this strategy to historical SUSHI data since 2022-01-01, the goal is to calculate key performance metrics such as cumulative P&L, win rate, and maximum drawdown. This would help determine whether a mechanical trading approach could have yielded positive returns amid the asset’s volatile nature.