At the time of writing SUSHI is being traded at the price of $7.70. The price of the coin has increased by almost 13.28% in the past 24 hours. The maximum and minimum of the day are around $7.80 and $6.89. The daily trading volume has on the other hand has also increased by almost 20% in one day. SUSHI is listed on coinmarketcap at 96th spot according to market capital and has a market dominance of 0.04%.
SUSHI before the crash had achieved its all-time high around the price of $23.430 in March 2021. During the crash, SUSHI created a bottom and dropped down to $5.96 in the month of July. Just like many other coins, the coin showed reversal but it wasn’t strong enough. SUSHI ultimately dropped down even the monthly low of July and is showing weakness.
SUSHI has a total supply of around 250M tokens and has nearly half of them in circulation i.ie around 127M. The coin can be traded at a lot of different exchanges such as KuCoin, Binance, Hotbit, FTX.
Technical Analysis – SushiSwap (SUSHI)
Sushi on the weekly time frame has been bearish since the crash in July. During that time, the coin did try to move up but it failed and eventually dropped down to an even lower value than it had during the month of July.
We can see that on the weekly time frame, the coin has made a momentous candle and has no sign of weakness. It can be seen that there is an order block that has been formed. This order block is unmitigated till date.
Now we can expect the price to move up and tap the order block. From there, we can expect a reaction. If the price fails to hold then we can drop down to the black line as shown in the chart. Otherwise, we can move up and touch the half point of the giant wick.
Price Prediction – SushiSwap (SUSHI)
SushiSwap(SUSHI) has been one of the highly bullish coins in the market. According to wallet investor, SUSHI in one year is expected to reach a value of $10.920. In five years, it is expected to touch $32.618. This shows that even though SUSHI has a huge amount of potential in it and would give amazing returns but according to this estimate, it would take 5 years to reach the current ATH.
