Cryptopolitan
2021-09-21 04:41:03

Sushiswap Price Analysis: SUSHI strongly defends $10 support, rally on the way?

TL;DR Breakdown Sushiswap price analysis is bullish for today.SUSHI/USD saw further downside over the last 24 hours.SUSHI found support at the $10 mark today. For today, Sushiswap’s price analysis is favorable since the market has retreated to $10 over the previous 24 hours before showing signs of rejection for an additional decline. Later today, we anticipate SUSHI/USD to reverse and recoup some of its losses. The overall market was negative for the previous 24 hours. Bitcoin has dropped 7.9 percent, while Ethereum has shed 8.72 percent. Other losers include Solana, Cardano and Ripple. Sushiswap price movement in the last 24 hours: Sushiswap drops to $10 support Over the last 24 hours, BTC/USD has fluctuated in the range of $9.5 to $10.65, suggesting little volatility. Volume has grown by 45 percent and stands at $525 billion. Meanwhile, the overall market capitalization is around $1.36 billion, putting the coin in 76th place globally. SUSHI/USD 4-hour chart: SUSHI ready to reverse from the $10 support? On the hourly chart, we may observe a return to equilibrium after recent breakout activity, as the Sushiswap price rejects an additional downside below $10. SUSHI/USD 4-hour chart. Source: TradingView Last week’s price action in Sushiswap was quite volatile, with significant swings taking place. After surging to $10 on the seventh of September, SUSHI/USD remained stable and retested the $10 support twice more over...

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