Cryptopolitan 2021-09-24 12:06:17

Sushiswap price analysis: We expect SUSHI/USD to retrace to $10 support level

TL;DR Breakdown Sushiswap price analysis is bullish for today.SUSHI/USD saw further downside over the last 24 hours.SUSHI/USD will need to exceed the local resistance at $10.35. The price analysis of Sushiswap is favorable for now, as the market has retraced to the $10 mark in the last 24 hours and has indicated resistance to more losses. As a result, we anticipate that SUSHI/USD will reverse and recoup some of its losses later today. Sushiswap price movement in the last 24 hours: Sushiswap are finding stronger support beyond $10 SUSHI/USD has been fluctuating between $9.98 and $12.35 since yesterday, suggesting a significant price movement in the last 24 hours. SUSHI/USD dropped to a low of $9.0 today, reaching strong support at this level and signaling that the market is looking to reverse further losses. On the daily chart, we can see that SUSHISWAP/USD has dropped below a critical support level around $9.1 and formed a double bottom pattern which serves as a strong buy signal. As the market has retraced to the $9.5 mark, we anticipate that SUSHI/USD will reverse and rise above $10 again. SUSHI/USD 4-hour chart: SUSHI ready to reverse from the $10 support? On the four-hour Sushiswap price analysis chart, reversed its downward trend and is now heading higher after dropping below $10. In the 4-hour chart, SUSHI/USD is currently finding support at $10 and is ready to reverse. SUSHI/USD 4-hour chart. Source: TradingView Over t...

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