TL;DR Breakdown Sushiswap price analysis is bearish for today.SUSHI/USD spiked to the $13 resistance overnight.SUSHI is set to reverse today. Sushiswap price analysis indicates bearish price action to follow as bulls are exhausted after a rapid advance to the $13 mark over the past 24 hours. Therefore, we expect SUSHI/USD to retrace and retest the previous resistance of $12 as support. Cryptocurrency heat map. Source: Coin360 The overall market traded in the green over the last 24 hours. Market leaders, Bitcoin and Ethereum, are up by 3.39 and 4.08 percent, respectively. Meanwhile, Polkadot (DOT) lags behind with a loss of 2.29 percent. Sushiswap price movement in the last 24 hours: Sushiswap reached the $13 resistance SUSHI/USD traded in a range of $12.45 – $13.28, indicating strong volatility over the last 24 hours. Meanwhile, the trading volume totals $568 billion, up by 41.7 percent from yesterday. The total market cap trades around $1.662 billion, ranking the coin in 73rd place overall. SUSHI/USD 4-hour chart: SUSHI set to reverse? On the 4-hour chart, we can see the Sushiswap price becoming exhausted today after a rapid move higher overnight. SUSHI/USD 4-hour chart. Source: TradingView Sushiswap price action has seen strong volatility over the past weeks. After setting a new several month high at $14.8, a strong retracement followed during the end of August. Support was eventually found at the $11 mark, with a...
