Cryptopolitan
2021-09-24 02:09:49

Sushiswap Price Analysis: SUSHI consolidating around $10 in preparation of rally

TL;DR Breakdown Sushiswap price analysis is bullish for today.SUSHI/USD saw further downside over the last 24 hours.SUSHI found support at the $10 mark today. The price analysis of Sushiswap is favorable for now, as the market has retraced to the $10 mark in the last 24 hours and has indicated resistance to more losses. As a result, we anticipate that SUSHI/USD will reverse and recoup some of its losses later today. Cryptocurrency heat map. Source: Coin360 Over the last 24 hours, the cryptocurrency market has been trading in the green zone, with buyers seizing control of the momentum overnight. Bitcoin is now up 2.48% from yesterday’s price, while Ethereum is up 1.8%. Sushiswap price movement in the last 24 hours: Sushiswap are finding stronger support beyond $10 The price of SUSHI/USD has been ranging between $9.98 and $12.35 since yesterday, suggesting substantial price movement in the last 24 hours. Trading volume has grown by 45 percent to $525 billion and there is a 45% increase in activity this year as compared to the previous year. Meanwhile, market capitalization is around $1.7 billion and there has been a rise of nearly 100% this year as compared to the previous year. SUSHI/USD 4-hour chart: SUSHI ready to reverse from the $10 support? The Sushiswap price has rejected further downside below the $10 level on the 4-hour chart, suggesting a reversal is on the way. SUSHI/USD 4-hour chart. Source: TradingView The pr...

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