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SushiSwap Crosses $0.9, Bulls Face Strong Resistance at $0.981

Published 01/03/2023, 10:23 AM
Updated 01/03/2023, 10:30 AM
SushiSwap Crosses $0.9, Bulls Face Strong Resistance at $0.981

  • SushiSwap price analysis shows an uptrend today and trading at $0.971 at the time of writing.

  • The strongest support for SUSH/USD is present at $0.9492.

  • SushiSwap’s price faces rejection at the $0.981 level.

Sushiswap shows an uptrend in the crypto market as it crossed the $0.9 mark. Currently, SUSHI is trading at $0.971. Notably, the market has been very volatile over the past few weeks, with some significant price swings.

The market capped yesterday in tremendous momentum and is opening today with hopeful bullish signs adding to yesterday’s spike above the $0.9492 level, which is the strongest support for SUSHI/USD. There is a strong resistance level at $0.981, which is faced by the bulls on their rally today.

Looking at the daily price chart of SushiSwap, we can see that the price has been in a strong uptrend over the last month. The chart also shows that there is an increasing demand for SUSHI tokens, as traders and investors are looking to capitalize on the bullish trend.

There is also a strong support level near the $0.9492 mark, which has been tested and so far held. Moving forward, it is likely that the price will continue to rise if the bulls manage to push through the $0.981 resistance level.

The post SushiSwap Crosses $0.9, Bulls Face Strong Resistance at $0.981 appeared first on Coin Edition.

See original on CoinEdition

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