The SushiSwap price prediction shows that SUSHI price could break additional resistance levels if the buyers increase the bullish movement.

Navigating SushiSwap (SUSHI) Investments – Your Comprehensive Guide

According to the daily chart, SUSHI/USD is refreshing to a new daily high as the coin spikes to the upside to trade close to the resistance level of $2.00. However, the daily chart shows the coin trading at $1.82 with a bullish movement around the upper boundary of the channel. Meanwhile, if it slides below the 9-day and 21-day moving averages, sellers may attempt to return to the market, but the bulls are likely to collect more on the price dips.

SushiSwap Prediction Statistics Data:

• SushiSwap price now – $1.54
• SushiSwap market cap – $357.5 million
• SushiSwap circulating supply – 232 million
• SushiSwap total supply – 250.2 million
• SushiSwap Coinmarketcap ranking – #171

SUSHI/USD Market

Key Levels:

Resistance levels: $2.30, $2.50, $2.70

Support levels: $1.10, $0.90, $0.70

SUSHI/USD is seen refreshing to a new daily high as the coin spikes to the upside to trade close to the resistance level of $2.00. However, the SushiSwap (SUSHI) is currently trading at $1.82 with a bullish movement around the upper boundary of the channel. Meanwhile, if the coin slides below the 9-day and 21-day moving averages, sellers may attempt to return to the market, but the bulls are likely to collect more on the price dips.

SushiSwap Price Prediction: SushiSwap Price Ready to Gain More

The SushiSwap price can only maintain the uptrend if the newly touched $1.87 resistance level is maintained at all costs. At the time of writing, the 9-day MA remains above the 21-day MA to create more bullish signals in the market, this could encourage more buyers to enter the market. However, SushiSwap (SUSHI) may continue to maintain an uptrend as soon as the coin crosses above the upper boundary of the channel.

Nevertheless, as long as the red line of the 9-day MA remains above the green line of the 21-day MA, the coin may continue to perform well and the price of SushiSwap may reach the resistance levels at $2.30, $2.50, and $2.70 respectively. Meanwhile, if the technical indicator decides to make a quick turn to the south, there may be a slight bearish drop which could roll the market down to the support levels of $1.10, $0.90, and $0.70 respectively.

SUSHI/BTC Trades Bullishly

Against Bitcoin, the SushiSwap price is hovering above the 9-day and 21-day moving averages as the price touches the daily high at 3672 SAT. However, the bulls may continue to dominate the market if the buyers increase the buying pressure within the channel.

Moreover, as seen on the daily chart, the potential resistance level is located at 4000 SAT and above but a lower sustainable move may cancel the bullish pattern and could attract new sellers coming into the market with the next focus on the support level of 2500 SAT and below.

@ZAYKCharts recently shared with his extensive following of over 18,000 on X (formerly known as Twitter) the exciting news that $SUSHI has surged by over 30% in profit. This remarkable uptrend reflects the enduring strength of the bullish wave propelling SushiSwap forward. Join the conversation and ride the wave of success with $SUSHI today! 🚀📈

$SUSHI Running in +30% Profit,So Far🔥

The Bullish wave endures📈#SUSHI #SUSHIUSDT #Crypto https://t.co/SNuHWkXWhm pic.twitter.com/7MVPgLgBDZ

— ZAYK Charts (@ZAYKCharts) February 24, 2024

Alternatives to SushiSwap

SushiSwap (SUSHI) is likely to break above the resistance level of $1.82, which could show a potential for upward movement if bullish pressure strengthens. $BTCMTX, with an $11.4 million presale valuation, offers an exciting opportunity amidst SushiSwap’s $354.5 million market cap. With promising growth prospects and a vibrant community, $BTCMTX heralds a strategic leap into decentralized finance.

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• Source: https://insidebitcoins.com/news/sushiswap-price-prediction-for-today-february-27-sushi-technical-analysis