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Sushiusdt

SushiSwap Price Prediction: SUSHI Imminent Mega Breakout To $4 SushiSwap finds stability after a gruesome week, recovery is in the offing. SUSHI/USD bulls must defend the triangle support to avert any lingering declines back to $1.00. The embattled and epitome of DeFi drama, SushiSwap token seems to have found some semblance of stability after last week’s rollercoaster ride. Support has been established and embraced at $2.15 and marginally above $1.00. At the time of writing, SUSHI is trading at $2.20 following a 24% retreat over the last 24 hours according to data by CoinMarketCap. A falling triangle pattern is the most pronounced chart pattern in the hourly range. If the bulls hold onto the short term building momentum, a breakout above the triangle would kick start SushiSwap’s mega rally to levels above $3.00 and $4.00 respectively. Technical indicators on the chart suggest that SUSHI will stay in consolidation a while longer. The Relative Strength Index (RSI) has slowed down the downtrend after forming a higher low and lower low pattern. Support above 30 (oversold region) means that bulls are fighting to regain control of the price. Moreover, recovery towards the levels at 40 and the midline would indicate the return of bullish pressure, significant enough to support a break above the triangle. Meanwhile, it is essential to note that the price is trading below the 50 and 100 moving averages. SUSHI will have to change these two resistance zones (50 SMA at $2.61 and 100 SMA at $2.65) into support areas to properly gain ground and launch an attack at the triangle resistance, $3.00 and $4.00 levels. For now, keeping the price within the confines of the triangle is in the bulls’ best interest. In other words, it vital that the pattern’s support remains intact. Otherwise, a break under the triangle could culminate in an exploration of the rabbit hole back to the $1.00 level. SushiSwap Intraday Levels Spot rate: $2.20 Relative change: -0.16 Percentage change: -6.80 Trend: Short term bearish bias Volatility: Expanding
BINANCE:SUSHIUSDLong
by CoinGape
SUSHI/BTC (Testing Important Support)BINANCE: SUSHIBTC -The price is now testing the previous support or lower part of the box -Technically, it is not good. we don't want the price to go back to this area -If we are Bullish in the short term, the price should hold the upper range of the box -If SUSHI breaks this support, it is likely to retest the Swing Low at 1341 sat -If your trading style is to buy at support area, this is your chance with a tight stop-loss -Of you wait for the retest of strong support at 1300 sat range ^Trading involves High Risk ^Not Financial Advice ^Please exercise Risk Management **If you like my daily Published Ideas **Please don't forget to leave a thumbs up & comment **Thank you! :)
by PolarHusk
14
Sushi Is the Next Bitcoin ?!This is kind of a joke, but kind of not. Sushi started with a bubble at it's binance listing. Then came the correction, then came the drama, and now its in a bit of a wait-and-see with ChefNomi exit, $band, migration, governance, etc. Looking at the chart, there are similarities to Bitcoin's 2017 bubble top. Eventually, Bitcoin would return and spend a lot of time in the $8,000 - $10,000 range in price. I think Sushi CAN be the next Bitcoin in this way... seeing it return to the $8 - $9 price range. Full disclosure, I am farming some sushi... and I will hold over the upcoming weeks to see if my idea comes to fruition. And if it doesn't, I'll take my $Sushi and go to a restaurant and get wild caught Sushi, the farmed fish isn't good anyway. Travis JMJ - UIOGD
Long
by Procinctu
2