SUSHI/USD Begins a Recovery Mode above $0.95


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The SushiSwap price prediction is seen breaking above the $0.95 resistance level as SUSHI trades bullishly above the 9-day moving average.

SushiSwap Prediction Statistics Data:

  • SushiSwap price now – $0.97
  • SushiSwap market cap – $217.2 million
  • SushiSwap circulating supply – 222.2 million
  • SushiSwap total supply – 244.5 million
  • SushiSwap Coinmarketcap ranking – #109


Key Levels:

Resistance levels: $1.60, $1.65, $1.70

Support levels: $0.45, $0.40, $0.35

SUSHIUSD – Daily Chart

SUSHI/USD is likely to begin a recovery move above the resistance level of $0.98 as the coin spikes to the upside to trade close to the resistance level of $1.00. However, the coin is currently trading at $0.97 with a bullish movement toward the 9-day and 21-day moving averages. Meanwhile, if the SushiSwap price slides below the 9-day moving average, sellers may attempt to return to the market.

SushiSwap Price Prediction: SushiSwap Price Ready to Gain More

The SushiSwap price can only maintain the uptrend if the newly touched $0.98 resistance level is maintained at all costs. At the time of writing, the technical indicator Relative Strength index (14) is likely to cross above the 40-level to create more bullish signals in the market, this could encourage more buyers to enter the market.

However, if the red line of the 9-day MA crosses above the green line of the 21-day MA, the coin may begin to perform well and the price of SushiSwap may reach the resistance levels at $1.60, $1.65, and $1.70 respectively. Meanwhile, if the technical indicator decides to make a quick turn to the south, there may be a slight bearish drop which could roll the market down to the support levels of $0.45, $0.40, and $0.35 respectively.

Against Bitcoin, the SushiSwap price is likely to cross above the 9-day and 21-day moving averages as the price touches the daily high at 585 SAT. However, the technical indicator Relative Strength Index (14) is likely to cross above the 40-level as the coin aims for upward movement.

SUSHIBTC – Daily Chart

Moreover, as seen on the daily chart, the potential resistance level is located at 800 SAT and above, but a lower sustainable move may cancel the bullish pattern and could attract new sellers coming into the market with the next focus on the support level of 400 SAT and below.

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