Home Cryptocurrency Sushiswap price analysis: Sushiswap breaks $6.50, swift move to $5 ahead?

Sushiswap price analysis: Sushiswap breaks $6.50, swift move to $5 ahead?

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Sushiswap, a cryptocurrency exchange, broke $6.50 USD on 5/29/2017. They have made swift moves since then, and have made a very swift move to $5. When we last looked at Sushiswap, they were hovering around $5.6, but have since moved up to $5.8.

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Sushiswap is the second best altcoin in terms of marketcap, with a trading volume of $2.55M USD. Sushiswap is a very popular altcoin in the world. It has been in the market for a long time. It is a good coin but it has been in the market for a long time. It is a good coin but it has been in the market for a long time. It is a good coin but it has been in the market for a long time.

Sushiswap, is a new decentralized cryptocurrency exchange that has recently broken $5 for the first time, but you may not have heard of it yet.  The price was a major surprise—and I believe it’s about time to take a closer look at it.

Summary of the situation

  • In the last 24 hours, SUSHI has moved sideways.
  • Support around $6.5 was broken after several attempts.
  • The next target is $5.

Sushiswap’s price analysis is bearish for the next 24 hours as the market broke through the $6.5 support level today. Therefore, we can expect SUSHI/USD to move towards the $5 level over the weekend and form a new significant low.

SUSHI/USD chart 4 hours. Source: TradingView

In recent weeks, the market has generally moved sharply downward after peaking in late May. The 3rd. June retested the previous high of $13.5 and the bulls failed to push the market higher.

With this development in the price action, SUSHI/USD started to fall again and reached the previous low around $9.50. The first support was found near this price area on the 8th. June found. However, after some consolidation and a small rebound, the bears took over the market and the $9.50 support level was breached on the 15th. June was again tested as resistance.

After that, the price continued to fall until it reached the $6.50 mark. After moving sideways above the support line for several days, the SUSHI/USD moved below it today, indicating that the market is looking for a new low to test.

Therefore, we can expect the SUSHI/USD pair to drop over the weekend and try to make new lows, with the next major support level around the $5 mark.

SushiSwap price analysis: Supplement

Sushiswap’s price analysis is bearish for the next 24 hours as the market resumes a lower trend after breaking support at $6.50. This development in price action should see SUSHI/USD drop further over the weekend, with the $5 level as the next target.

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While we wait for more price drops on Sushiswap, check out our guides on the benefits of DeFi, commissions for bitcoins, and what you can buy in bitcoins.

Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.There’s plenty of volatility in the cryptocurrency markets these days, and what goes up, sometimes has to come down. In the case of Sushiswap, one of the top 10 ranked coins by market cap, that’s exactly what we’ve seen happen over the past few days. The price of Sushiswap has dropped from $6.50 down to $5.50, a decline of 25%.. Read more about sushiswap price prediction april 2021 and let us know what you think.

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