SUSHI +4.21% as Technical Indicators Signal Positive Momentum

On NOV 12 2025, SUSHI rose by 4.21% within 24 hours to reach $0.5088. Over the past 7 days, the token gained 1.44%, while its monthly return was 5.02%. Over the last year, however, SUSHI has declined by 62.25%, reflecting a long-term bearish trend amid recent short-term strength.

The recent upward movement aligns with the broader technical setup. Multiple on-chain and chart-based indicators suggest a shift in sentiment. The 20-day exponential moving average (EMA) has crossed above the 50-day EMA, signaling a potential bullish bias. Meanwhile, the relative strength index (RSI) has moved into a constructive range, indicating that bearish pressure is easing and the token is no longer oversold. These signals, combined with the recent price action, suggest traders are reengaging with the asset, possibly due to improved market conditions or strategic liquidity inflows.

The price action is also supported by a key level of resistance being breached on the 4-hour chart, which had previously acted as a ceiling for several weeks. This breakout, accompanied by increased buying pressure, suggests accumulation is occurring at higher levels. Analysts have noted that such behavior often precedes extended bullish runs, particularly in assets that have been oversold for extended periods.

A notable feature of SUSHI’s recent performance is the absence of excessive volatility—despite the sharp 24-hour gain, the asset has not exhibited extreme swings, which typically accompany speculative bubbles. This stability has led some observers to view the current rally as more structural than cyclical, especially if the buying continues to outpace selling pressure.

Backtest Hypothesis

To evaluate the potential for sustained momentum following a price surge of 5% or more—such as the recent movement in SUSHI—backtesting can provide insight into the average post-surge performance. By identifying historical instances where SUSHI or a comparable asset experienced a surge of ≥5% in a single day, one can analyze key metrics like average return, drawdown, and optimal holding periods over a defined time horizon.

For SUSHI, this analysis would require selecting a price basis—such as daily close-to-close returns—to define the trigger point. Once confirmed, a dataset from a historical period (e.g., 2022–2025) could be used to calculate the average return after each 5% surge. The results could then inform whether a surge of this magnitude historically leads to favorable outcomes, and for how long.