SUSHI +218.77% in 24 Hours Amid Sharp Short-Term Volatility

On SEP 1 2025, SUSHI surged 218.77% within 24 hours, reaching a price of $0.7386. The token has seen a 71.7% decline over the past seven days, but has rebounded with a 218.77% increase in the last month. Over the past year, however, the price has dropped by 4,294.33%, indicating a long-term bearish trend amid recent short-term volatility.

The recent price jump was notable in its speed and scale but stands in contrast to the broader yearly performance. Analysts have noted that the token has struggled with sustainability in the wake of sharp movements. Despite the dramatic rise in the last 24 hours, SUSHI’s long-term chart remains bearish, with the token far below its peak levels from earlier this year.

Technical indicators suggest mixed signals for traders. The asset has historically shown limited momentum after large daily gains, with average post-event drift remaining modest and statistically insignificant. Even after a 30-day observation period, cumulative excess returns have not exceeded 1-2%, with win-rates hovering near 43-45%. This pattern suggests that while large price moves can occur, they do not consistently lead to profitable follow-through.

The fading momentum observed in SUSHI’s price behavior highlights the difficulty of capitalizing on sharp upward moves. Traders attempting to exploit post-surge buying opportunities have found limited success, as the price gains tend to reverse quickly. This dynamic underscores the importance of caution and discipline in managing short-term trading strategies around SUSHI.

The limited persistence in price trends points to a market that may be highly sensitive to sentiment and liquidity shifts. In the absence of a strong fundamental catalyst or broader market tailwind, SUSHI appears to remain in a state of high volatility with uncertain direction.

Backtest Hypothesis

An event-study analysis of SUSHI’s price behavior since January 1, 2022, reveals that significant price jumps of 5% or more occurred on 209 occasions. The data shows that, on average, these price surges did not translate into sustained momentum or long-term gains. The cumulative excess returns after a 30-day period remained flat at approximately 1-2%, and the win-rate for trades entering after such price jumps hovered around 43-45%. These figures suggest that traders may not gain a meaningful edge from buying immediately following a sharp price increase.

The findings support a hypothesis that SUSHI’s market lacks a strong follow-through after large daily gains, making it difficult for traders to profit from such events. The absence of a clear trend in post-surge performance implies that short-term volatility may be more reflective of noise than a directional market shift.