SUSHI +70.94% in 24 Hours Amid Sharp Short-Term Rally

SushiSwap (SUSHI) surged by 70.94% in 24 hours on SEP 2, 2025, climbing to $0.7369, marking one of its most dramatic price movements in recent memory. The token also recorded a 217.25% gain over the past week and a 102.79% rise in the last 30 days, despite a sharp 4359.09% decline over the prior year. The recent volatility has drawn attention from traders, with many citing a combination of market positioning and speculative buying.

Analysts project that the rapid move is partially driven by concentrated inflows into DeFi protocols and a broader market rotation toward small-cap tokens with high leverage potential. SUSHI has been a focal point of such activity, with its liquidity mechanisms and governance structure drawing renewed interest from institutional and retail participants alike. While the one-year decline remains a stark contrast to the recent gains, the short-term performance underscores the token's volatility and sensitivity to market sentiment.

The technical indicators suggest a breakout pattern forming on the 24-hour and one-week timeframes. Price has moved above key resistance levels on daily and weekly charts, supported by a narrowing range prior to the surge. RSI readings have entered overbought territory, which typically signals a potential pause or correction, but traders are closely watching for a continuation of the momentum.

On-chain data reflects a sharp increase in unique wallet activity and a reduction in short-term sell pressure. This has led to a temporary shift in market psychology, with traders increasingly viewing SUSHI as a speculative play rather than a long-term investment. However, given the extreme price volatility and high RSI levels, caution is advised for investors seeking to enter at the peak of the current rally.