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Sushiswap

Sushiswap is a promising project for a bull cycleSushiswap , a decentralized exchange that appeared in the first era of DeFi sector development, is a fork of Uniswap. The project has gained popularity through the release of its native SUSHI token and the attraction of active Uniswap users. In early May, Sushiswap launched the ability to launch concentrated liquidity pools (CLP) that offer a number of advantages over traditional liquidity pools. Some of the benefits of CLPs are: Increased profitability for pool participants: in a CLP, liquidity is concentrated around a certain price range, allowing participants to get more profitability when trading tokens. Reduced gas costs: In a CLP, transactions can be executed faster and with lower gas costs because the prices of tokens in the pool remain stable. Greater efficiency: CLPs allow you to create pools of liquidity with greater efficiency because participants can get more return for their liquidity than in traditional pools. Faster and cheaper trading: due to a higher concentration of liquidity, trading tokens in a CLP can be faster and cheaper, providing a better trading environment. Due to this and Sushiswap's strategy of spreading to as many networks as possible, this could potentially increase the project's impact on the DEX segment. Sushiswap is currently the closest competitor to Uniswap in the key metrics of Price/Fees and Price/Earnings, which shows the soundness of the product and business. If we look at Sushiswap in terms of technical analysis and charts, we see that Sushi is currently trading in the price range of November 2020, if we look at the SUSHI/ETH pair which shows us the ratio of the asset to ETH, we see that since March 2021, Sushi has been in a long downtrend and has been losing the dominance for 2 years now at the lowest level. If we are sure that the current price movement is bullish and we came out of the bearish cycle, from the analysis of previous bullish cycles, we can set the basic levels for taking positions in SUSHI and expect the start of the alt season, when the project should show positive dynamics and win back the dominance lost from ETH. As a rule of thumb, a full-fledged alt-season begins at the end of a bull cycle about 600 days after the exit from a bear market. So readers, you definitely have time to read this article, DYOR and prepare for this stage as much as possible.
by Samura0x
11
SUSHI/USDT Secondary trend. Working in the channel.Secondary trend. Potential reversal zone. Working in a downward channel. Locally, the "Dragon" pattern may form. Potential reversal zone. Shown are % of potential reversal zones: 1) "Dragon" pattern (confirmation)—long to channel resistance (red). 2) No confirmation—the secondary trend line (purple) was not broken—short entry to the lower border of the channel. 3) Long entry from the lower border of the channel The coin is on XXX. Distribution area. For those who do not understand, large market participants who hold the price in a certain range, sell their positions (gained in the accumulation before the pamp_) to the hamsters. To discount_significant volume and not collapse the price - it takes time, and to make "waves of interest" for traders and "hamsters". You can earn on it locally, if you limit the risks. Roughly speaking, if you work as a trader and not as a "hamster". This work is for traders only. Coin in the markup: SushiSwap Main Trend Understand where the price is and where this zone to work.
by SpartaBTC
7
SUSHI price preparing for a rapid up move? Diamond on the chartFor almost a year, Sushi has been accumulating, most likely, a long position. Is there something "big" in the pipeline and soon everyone will see some news that will make everyone buy Sushi because the price will start to rise rapidly?) If you try hard, you can see and draw the Diamond pattern on the chart , the target of developing such a pattern on the SushiUSDT chart is $3-3.30 The ideal buy price for Sushi is $1-1.10 The critical level is $0.90 The "key level" for the start of the growth trend is $1.60 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
39
✴️ SushiSwap | Bear Market Ends! (Name Your Altcoin #50)Here is the linear scale for SushiSwap... See the huge potential here as well, 430% just to start and over 1,000% possible in the long-term. This is without counting the new bull market and All-Time Highs, this is just the recovery phase. When one door closes, millions of other doors open. Notice that if you missed the early breakout of say FTMUSDT, FETUSDT, LTC and DOGE, we still have these many opportunities available with more to come. Sushi and Aave are just two, in this series of articles alone we looked at 50 altcoins of your choice and many have great potential for growth. Bitcoin has gone ultra-bullish, confirming hundreds and hundreds of charts and trade ideas we have been sharing since November 2022... As Bitcoin grows, money flows into Cryptocurrency as a whole. When one big altcoin goes to retrace, the next group or a smaller one grows. This cycle can go for weeks and weeks... several months. The next correction will end up in a higher low and then we get additional growth. This is what we call a bull-market, higher highs and higher lows. The bear market is coming to end... This is how you can tell! Very, very bad news, negative press but everything grows! That's the strongest signal you can get... It is basic but many people don't know. Namaste.
Long
by AlanSantana
4
Sushi looking for a RunCrypto Altcoins #CryptoWhale100Billion Alt Coin Analysis: Sushi Ticker: Sushi My Analysis shows that Sushi can increase to $1.43 and do a minor resistance—sushi showing slow sales after the meltdown. Buyers are holding the $1.08. Highest Runner to $1.67. RSI showing a good bullish move. Strong buy from $1.02 all the way up to $1.18. MacD showing stronger buys. MACD breaking higher also. Shoot me a message with your Technical Analysis to see your thoughts and trading strategies. #CryptoWhale100Billion Press The Thumbs Up and shoot me a message below what your idea on KNC will hit. Thank You for the support! Below are some Previous charts links I've written in the pass for Reference.
COINBASE:SUSHIUSDLong
by CryptoWhale100Billion
2
SUSHI: DOUBLE OR NOTHING.With the latest news on Sushi related to all staking fees on the Sushi platform being redirected to the project’s treasury for a year, the project leader Jared Grey has taken a bold step forward. Chart-wise, there hasn't been a lot happening recently. Things could take a quick turn as the words are put into action. Sushi is close to the support level with the current price of $1.18. In the worst-case scenario, it should not drop more the $1 rather it should bounce back doubling the price ($2.3). Key points: 1. Support level: $1 to $1.13. 2. Target: $2.3. 3. Invalidation point: Breakdown and close below $1. That's it from my end. I'll see you in my next update. Trade safely.
COINBASE:SUSHIUSDLong
by Dexter_The_Trader
2
SUSHIUSDT 1HA bearish trough has formed on the 1-hour chart, crossing the MM220, where it has been above since the 27th of November. SUSHI has broken lower Keltner channel line and if not strong buying force will make triple bottom at 1.078. This fall in addition to the traditional market situation and world geopolitics, sushiswap is facing a shortfall in its budget that threatens its long-term operational viability. After reviewing expenses, the project's annual maintenance need was reduced from $9 million to $5 million, but the treasury still only foresees about 18 months of breathing space, the developers said.
by ferulianov