Price Position and Structural State
Sushi (SUSHI) closed at 0.2277 USDT on October 15, 2026, down 0.70%. The asset now sits in a sideways structure inside its 55-day range. Current 55-day support is near 0.1826 USDT, with resistance near 0.2894 USDT. Price is near the middle of the range, so the market has no clear structural edge until it closes outside these levels.
Moving Averages and Trend Context
SUSHI is trading below short-term moving averages while still holding above longer-term support. MA9 at 0.2328 USDT may cap short-term recovery attempts, while MA100 at 0.200081 USDT remains the more significant structural support area. The structure resembles a pullback within a broader trend more than a full trend failure.
Trading Friction and Price Efficiency
SUSHI shows high trading friction, with a 3-day friction score of 32.4. The score combines price progress, wick rejection, and volume confirmation. Recent candles show contested movement, with weak price progress or heavier wick rejection. In this condition, moves near support or resistance carry less weight until price closes more cleanly.
Open Interest, Funding, and Positioning
Open interest fell -5.44% in one day, showing clear position reduction. OI sits near the middle of its 60-day range, so the move reduces leverage from a normal base rather than clearing an already crowded leverage base.
Funding is positive on the 24-hour average at +0.004736%, with the 7-day average also positive at +0.005558%. This shows sustained long-side cost pressure across both short and medium windows.
The long/short ratio is 1.59, sitting near the upper side of its 30-day range at 81.16%. This means long accounts are unusually dominant compared with recent history.
Correlation, Beta, and Index Relationship
SUSHI remains strongly linked to the broader crypto market (Sigloid Index), with beta showing normal sensitivity to index movements. Correlation confirms that SUSHI moves closely with the index, while R² shows that index behavior explains a significant share of its movement. This means broader market direction carries meaningful weight when interpreting SUSHI. Over the 30-day window, the relationship is stable. Over the 60-day window, the relationship is stable. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.713 | 1.111 | 0.508 | Strong linkage |
| 60D | 0.55 | 1.037 | 0.303 | Moderate linkage |
| 180D | 0.545 | 0.992 | 0.297 | Moderate linkage |
Momentum, Volatility, and Indicator Pressure
SUSHI's volatility profile is controlled rather than stretched. ATR% reads 8.15, close to the bottom of its full historical range. Bollinger Band width% reads 23.97, near the lower side of its full historical range. 20-day Volume Z-score is 0.12. Range expansion is not leading the setup right now.
Momentum is weaker. RSI is 44.22, ROC14 is -12.79%, and MACD histogram is negative. These readings point in the same direction: downside pressure is active, while recovery pressure remains limited.
The read is cautious: downside momentum is active, but volatility and participation do not confirm a strong break yet.
Broader Market Regime
The Sigloid Index remains in a sideways regime, showing no clear broad market direction. SUSHI stays closely linked to that market condition, so changes in market sentiment can still influence price behavior even when the broader trend is unclear.
Key Levels for the Next State Change
For SUSHI, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.2894 USDT establishes a bullish regime, while a daily close below 55-day support at 0.1814 USDT confirms a bearish regime.