SushiSwap Price Prediction: SUSHI Likely to Cross $0.72 Resistance

SushiSwap Price Prediction: Will SUSHI Cross Above the Upper Boundary?

The SushiSwap price prediction suggests that SUSHI is likely to break above the upper boundary of the channel and reach the $0.72 resistance. Here are the key points:

SushiSwap price now – $0.68
SushiSwap market cap – $157.6 million
SushiSwap circulating supply – 230.8 million
SushiSwap total supply – 249.4 million
SushiSwap Coinmarketcap ranking – #159

SUSHI/USD Market:

The SushiSwap price is currently trading at $0.68 with a bullish crossover on the daily chart. It is likely to stay above the 9-day and 21-day moving averages and may face resistance at the $0.80 level.

SushiSwap Price Prediction:

If the SushiSwap price crosses above the upper boundary of the channel, it may trigger a bullish movement. The Relative Strength Index (14) is currently at the 50-level, indicating potential bullish signals. If the 9-day MA crosses above the 21-day MA, the price could hit resistance levels at $0.90, $1.00, and $1.10. On the other hand, if the RSI drops below the 50-level, there may be a retreat to support levels at $0.45, $0.35, and $0.25.

Comparing with Bitcoin:

When comparing SushiSwap with Bitcoin, the price is above the moving averages and may break to the upside. However, as the market is still in a descending channel, a bullish movement is expected below. The RSI (14) is above the 50-level.

SushiSwap Alternatives:

If SushiSwap follows a bullish movement, traders can expect a cross above the upper boundary of the channel for additional gains. Additionally, the presale for the token is selling quickly, with $19 million already raised. Investors are advised to act fast before the presale expires.

Hot Take

Based on the SushiSwap price prediction, it is likely that SUSHI will experience a bullish movement and cross above the upper boundary of the channel. Traders and investors should keep a close eye on the resistance levels and the Relative Strength Index for potential buying opportunities. The presale for the token is also attracting attention, making it an interesting investment option.