Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Cryptopolitan 2021-09-18 09:29:54

Sushiswap Price Analysis: SUSHI swiftly retraces to $12, a reversal from there?

TL;DR Breakdown Sushiswap price analysis is bullish for today.SUSHI/USD saw strong retracement over the past 24 hours.The support was found at the $12 previous resistance. Sushiswap price analysis is bullish for today as a quick spike to the $12 support indicates an end to a several-day retracement from the $16 new swing high. Therefore, we expect SUSHI/USD to return to bullish momentum over the weekend and look to regain some of the loss. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded mostly in the red over the last 24 hours. Bitcoin manages to gain 2 percent, while Ethereum was up by 0.59 percent. Meanwhile, Avalanche (AVAX) is still the best performer, with a gain of almost 16 percent. Sushiswap price movement in the last 24 hours: Sushiswap retraces to $12 resistance turned support SUSHI/USD traded in a range of $12.11 – $13.84, indicating strong volatility over the last 24 hours. Trading volume has decreased by 10.49 percent and totals $1.1 billion, while the total market capitalization trades around $1.63 billion, ranking the coin in 72nd place overall. SUSHI/USD 4-hour chart: SUSHI ready for more upside? On the 4-hour chart, we can see the Sushiswap price rejecting further downside, indicating an upcoming rally once again. SUSHI/USD 4-hour chart. Source: TradingView Sushiswap price action continued to trade with strong volatility this week. After peaking at the $16 resistance, SUSHI...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.