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- 1 SushiSwap Crypto price is currently trading at $1.2552 with a rise of 4.08% in the last 24 hours.
- 2 SushiSwap SUSHI Crypto price was trading with strong uptrend momentum in Monday’s trading session.
- 3 SUSHI crypto price has recovered above 200-EMA to reach the upper levels.
SushiSwap Crypto (USD/SUSHI) is showing strength and heading towards the $2.00 level. This positive trend suggests that an upward move for SUSHI Crypto toward the expected target of $3.00 is possible. Therefore, buyers are likely to maintain long positions in coming sessions. This Crypto is trading above major moving averages, indicating a bullish mood.
Further, chart structures established on recent trading sessions show a bias in favor of bulls. The cryptocurrency has gained momentum and is poised for an uptrend that could reach $3.00. The advanced activity and momentum also support the favorable outlook of market bulls.
At the time of publication, SushiSwap Crypto was trading at $1.2552 with an intraday gain of 4.08%, showing a bullish sentiment and a positive outlook on the charts. Additionally, the intraday trading volume was 52.344 Million and the market capitalization was $290.607 Million.
Nevertheless, as buying volume boosts, the price can make higher highs and new highs to keep bullish momentum. Therefore, SushiSwap’s price is expected to move higher and remain strong on the daily chart.
Technical Analysis of SushiSwap Crypto Price in 1-D Timeframe
Currently, SushiSwap Crypto (USD: SUSHI) is trading above its 50-day and 200-day daily moving averages (DMA), which supports the price momentum. The current RSI value is 60 points. The 14 SMA is above the midline, indicating a bullish trend for the cryptocurrency. The MACD line at 0.0084 and the signal line at 0.0103 are above the zero line.
There is a bullish crossover on the MACD indicator, which indicates strength in the price momentum of the SUSHI cryptocurrency. Stochastic RSI is consolidating near overbought levels. The %D and %K lines are crossing each other in a negative direction, although they have not yet crossed the 80 RSI area.
Summary
The Technical oscillator for SushiSwap (USD: SUSHI) also supports the bullish trend. MACD, RSI, and EMA highlight positive signals and suggest that the upward trend in SUSHI Crypto price may continue. The price action suggests that investors and traders are optimistic on a daily basis. Price movements reflect the current optimistic outlook. Nevertheless, investors and traders must wait to be appropriately prepared for the next step and evade FOMO.
Technical Levels
Support Levels: The SushiSwap Crypto price may find support at $1.0600 and $0.9922, where it could bounce back or stabilize.
Resistance levels: The SUSHI Crypto price may face resistance at $1.3584 and $1.5005, where it could reverse or consolidate.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
