Connect with us

Hi, what are you looking for?

Altcoin

Sushiswap Price Analysis

The down-trending market that took its resistance from $1.35134 on the 10th of September did not go too far before it begins to face serious opposition from the bulls. They started to pose serious resistance to the bearish advancement from the third day of the downtrend. Now, as SUSHI/USD takes support at $1.03175, both bulls and bears are becoming evenly matched in the market tug-of-war.

Sushiswap Market Price Statistic:

  • SUSHI/USD price now: $1.07912
  • SUSHI/USD market cap: $
  • SUSHI/USD circulating supply: 
  • SUSHI/USD total supply:
  • SUSHI /USD coin market ranking: #

Key Levels

  • Resistance: $ 1.150000, $1.20000 $1.300000
  •  Support: $1.000000, $0.949800 $0.800000

Sushiswap Market Price Analysis: The Indicators’ Point of View

The price action of the Sushiswap market is converging at around the current price of $1.07912. These indications support the consolidation market sentiment. We can also expect (from the indications that we are getting from MACD) that the market will switch trends to the upside after this consolidating market period. The MACD line is now touching the signal line; preparing for crossing. The weak bearish histogram is progressively reducing in height. In the next session, the histograms may change into bullish ones.

Sushiswap: SUSHI/USD 4-Hour Chart Outlook 

 In this shorter time frame, we discover that there are many 4 price doji’s on the chart. This is a highly significant standoff between buyers and sellers. This means that throughout the trading session neither the buyers nor sellers could influence the price in any direction. In this timeframe, indicators are oscillating at the midpoint. Both the MACD and the RSI have their lines oscillating at the midpoint. This confirms the ranging market sentiment

Featured

Bitcoin Mining

Despite a $72 million rescue offer from creditors, concerns have been raised about the general viability of the Bitcoin trading community amid a protracted...

Altcoin

Ripple is attempting an upside break above the $0.365 resistance zone against the US Dollar. XRP price could fail to gain pace if it...

Bitcoin

Bitcoin price is facing resistance near $17,000. BTC could start another decline unless there is a strong move above the $17,000 resistance zone. Bitcoin...

Ethereum

Ethereum started a fresh decline from the $1,320 resistance against the US Dollar. ETH is struggling and remains at a risk of a move...