Sushi SUSHI
SUSHI cycle analysis · chart, confirmed lows and fundamentals
Amber List Recovering held Phoenix · monthly · score 50 mixed
64.5% below its 365-day high of $0.6321 (2025-11-10), +61.6% off the 365-day low. Snapshot 2026-10-21 UTC.
On the Amber List.
Held on the Amber List: it last met the Amber List rules on 2026-10-20. Today it reads Watch; a tier moves down only after five consecutive scans below its rules.
Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.
Phoenix monthly: stopped falling by the rules, +61.6% above the Jun 2026 trough. Details below.
Since the previous scan.
Tier, recovering badge and Phoenix state are unchanged between these two observations.
Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.
Recorded timeline →Where it sits in each cycle
a swing low confirms only when a later bar takes out the low bar's highMonthly
- Last bars
- 2Dr 1g 2Ug 2Ug 1r
- Confirmed low
- $0.1389 · 2026-06-30
- Position
- 4 of median 4.0 (max 12)
- Current low
- $0.1389 · confirmed
- Cycle-low confidence
- 30% · in band
- Confirmed lows
- 13
Weekly
- Last bars
- 2Ug 2Ur 2Dr 2Dr 1g
- Confirmed low
- $0.2016 · 2026-09-20
- Position
- 5 of median 5.0 (max 14)
- Current low
- $0.2040 · unconfirmed
- Confirms above
- $0.2472
- Cycle-low confidence
- 57% · in band
- Confirmed lows
- 51
Daily
- Last bars
- 2Dr 2Dr 2Ug 2Ug 1g
- Confirmed low
- $0.2040 · 2026-10-18 (daily)
- Position
- 3 of median 5.0 (max 22)
- Current low
- $0.2040 · confirmed
- Cycle-low confidence
- 24%
- Confirmed lows
- 383
The full read, in sentences
- Monthly: forming bar is a red inside bar. Last confirmed swing low 0.1389 (Jun 2026), month 4 of a cycle that has typically run 4. Cycle-low confidence 30%.
- Weekly: forming bar is a green inside bar. Last confirmed swing low 0.2016 (Sep 2026), week 5 of a cycle that has typically run 5. Current low 0.204 is unconfirmed — it confirms above 0.2472. Cycle-low confidence 57%.
- Daily: bar is a green inside bar. Last confirmed swing low 0.204 (2026-10-18), day 3 of a cycle that has typically run 5. Cycle-low confidence 24%.
- Amber List: 64% below the 2025-11-10 high; +62% off the 365-day low.
- Phoenix: 95% decline over 18 months, monthly swing low confirmed (late (3 bars)), now +62% above the trough; pullback #3 confirmed 2026-09-27.
- Gauges: Mayer multiple 1.13 (neutral); -70% vs the 200-week average; -99% from the all-time high.
Has Sushi bottomed?
A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the SUSHI snapshot records on 2026-10-21 UTC:
Monthly: the last confirmed swing low is $0.1389 from 2026-06-30. The current candidate is marked confirmed. The latest monthly bar is still forming.
Weekly: the last confirmed swing low is $0.2016 from 2026-09-20. A newer candidate at $0.2040 is unconfirmed; its confirmation level is above $0.2472, provided the candidate low is not undercut first. The latest weekly bar is still forming.
Daily: the last confirmed swing low is $0.2040 from 2026-10-18. The current candidate is marked confirmed.
How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.
How far is Sushi below its high?
The Coinbase price snapshot is 64.5% below its rolling 365-day high of $0.6321 from 2025-11-10. Separately, CoinGecko reports -99.0% relative to its all-time high of $23.38 in the fundamentals snapshot pulled 2026-10-21.
Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.
The recorded history
scan observations, not exact transition timesFirst observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.
- Watch; recovering · Phoenix monthly → Amber List; recovering · Phoenix monthly
- First observed: Watch; recovering · Phoenix monthly
Phoenix
stopped falling, by the rules- Peak
- $2.94 · Dec 2024
- Trough
- $0.1389 · Jun 2026
- Decline
- -95.3% over 18 months
- Above trough
- +61.6%
- Monthly
- confirmed (late (3 bars)) · trigger $0.2454
- Weekly
- confirmed (late (8 bars))
- False bottom
- $0.4513 · Apr 2025 (2 higher highs, then undercut)
- Entry
- pullback #3 low $0.2016 confirmed 2026-09-27 · trigger $0.2608
| decline | 30 |
| confirmation | 25 |
| earliness | 0 |
| stale | -15 |
| false bottom | 10 |
| bluechip | 0 |
Fundamentals
| Liquidity (24h volume / market cap) can you get out | 7.11 % | 15.0 / 15 |
| Supply overhang (FDV / market cap) unlocked supply waiting to sell | 1.02 x | 14.9 / 15 |
| Size (market-cap rank) survivorship | 369 # | 0 / 15 |
| Usage (price / annualized fees) fees people actually pay to use it (DefiLlama) | 95.6 x | 11.6 / 20 |
| TVL backing (market cap / TVL) capital parked in it (DefiLlama) | 1.89 x | 13.5 / 15 |
| Fee momentum (30d vs prior 30d) is usage growing into the recovery | 19.6 % | 7.0 / 10 |
| Age on Coinbase survived a cycle | 5.6 yrs | 10.0 / 10 |
7 of 7 measurable; score renormalized over what was measurable.
- Market cap
- $73.0M
- Fully diluted
- $74.2M
- 24h volume
- $5.2M
- Circulating
- 286,745,816
- All-time high
- $23.38 · 2021-03-13 (-99.0%)
- TVL
- $38.6M (protocol)
- Fees 30d
- $62.8K
- Revenue 30d
- $10.5K
- Fees 1y
- $1.6M
- Mayer multiple
- 1.126 · neutral
- vs 200-week avg
- -70.5%
- Pi cycle
- 0.419
- On Coinbase since
- 2021-03-11 (2051 bars)
- CoinGecko id
- sushi check
Continue your cycle research
How to read a crypto cycle chart · Calculation rules and sources