SUSHI/USD May Head For $0.80 Resistance

On Aug 1, 2023

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The SushiSwap price prediction shows that SUSHI is likely to cross above the upper boundary of the channel as the coin touches the $0.72 resistance.

SushiSwap Prediction Statistics Data:

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

Key Levels:

Resistance levels: $0.90, $1.00, $1.10

Support levels: $0.45, $0.35, $0.25

SUSHIUSD – Daily Chart

SUSHI/USD is likely to refresh to the upside as the coin currently trades at $0.68 with a bullish crossover and trend the intraday. Today, the SushiSwap price is likely to stay above the 9-day and 21-day moving averages as the higher resistance may come at the $0.80 resistance level.

SushiSwap Price Prediction: SushiSwap Price May Spike to the Upside

The SushiSwap price is likely to increase the bullish movement if the price moves to cross above the upper boundary of the channel. Currently, the technical indicator Relative Strength Index (14) is moving within the 50-level at the moment and may likely send bullish signals to encourage more buyers to enter the market.

However, if the 9-day MA crosses above the 21-day MA, it is likely for the coin to face the north, and the price could hit the nearest resistance levels at $0.90, $1.00, and $1.10 respectively. On the contrary, if the technical indicator Relative Strength Index (14) drops below the 50-level, there may be a little retreat to the south which could bring the market to the support levels of $0.45, $0.35, and $0.25.

Comparing it with Bitcoin, SushiSwap (SUSHI) stays above the 9-day and 21-day moving averages as the price heads to break to the upside. However, the fact that the market remains in the descending channel, the crypto is likely to form a bullish movement below as the technical indicator Relative Strength Index (14) moves above the 50-level.

However, if the buyers push the market price above the upper boundary of the channel, the SushiSwap price may touch the resistance level of 3000 SAT and above. Meanwhile, any strong selling pressure may bring the price toward the lower boundary of the channel, and this could attract new sellers coming into the market with the next focus on the support level of 1700 SAT and below.

SushiSwap Alternatives

If the SushiSwap price begins to follow the bullish movement, traders can expect a bullish cross above the upper boundary of the channel. Aside from today’s little gain, SUSHI/USD is still maintaining a bullish movement and traders can expect the coin to cross above the channel for it to create additional gains.

Nevertheless, the presale for the Wall Street Memes ($WSM) token is selling fast, and about $19 million has been raised so far. Investors are therefore encouraged to act fast before the expiration of the presale.

Wall Street Memes – Next Big Crypto