- SushiSwap (SUSHI) trades near $0.20 after liquidity sweep and recovery
- Upside targets include $0.2173, $0.2262, and $0.2400 levels
- A drop below $0.1900 would invalidate the current bullish setup
SushiSwap (SUSHI) is showing early signs of a bullish shift after reacting from a key order block on the 4-hour chart. Price has swept sell-side liquidity and is now stabilizing near $0.20. A market structure shift suggests stronger demand.
SushiSwap SUSHI Shows Strength After Order Block Reaction
SushiSwap (SUSHI) is trading near $0.20 after reacting from a key order block on the 4-hour chart. According to Crypto Patel, the price recently swept sell-side liquidity before moving higher. This action suggests that demand has started to return to the market. At press time, SUSHI trades around $0.2085, showing a modest 24-hour gain.
The chart indicates a market structure shift, which often signals a potential trend change. Crypto Patel noted that the order block reaction confirms bullish intent. The liquidity grab phase appears complete, allowing the price to stabilize above key levels.
The current setup reflects early signs of recovery after a period of weakness. Price holding near this zone may support further upside attempts.
SushiSwap SUSHI Targets Higher Levels With Key Support Holding
SushiSwap (SUSHI) now faces a possible continuation toward higher liquidity zones. The analyst outlined targets at $0.2173, $0.2262, and $0.2400. These levels represent areas where price may encounter resistance or take profit activity.
Before reaching these targets, a corrective pullback may occur. This pullback could provide an entry zone if the price confirms support. Crypto Patel advised waiting for lower timeframe confirmation before taking positions.
Invalidation for this bullish setup is set at a 4-hour close below $0.1900. A move below this level would weaken the current structure. Traders are monitoring this support closely as the price continues to consolidate.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
