#SUSHI/USDT Technical Analysis
#### 4-Hour Chart Review
**Current Pattern: Ascending Channel**
SUSHI/USDT is trading within an ascending bullish channel on the 4-hour chart. The price action demonstrates consistent higher highs and higher lows, indicating a strong upward trend.
#### Key Levels and Indicators
- **Resistance Level**: $1.40 (target)
- **Support Zone**: Approximately $1.10
- **Moving Averages**:
- The 200-period MA is currently acting as dynamic support, aligning with the lower boundary of the ascending channel.
- **Volume Profile**: There is increasing volume during upward movements and decreasing volume during corrections, which typically indicates healthy bullish momentum.
#### Potential Bullish Movement
Given the current ascending channel and volume trends, the odds of another bullish movement are high. A breakout above the $1.213 resistance level could pave the way for further price appreciation, with the anticipated target being around $1.40.
#### Conclusion
Traders should monitor the price action around the $1.213 level for a potential breakout. Sustained buying pressure and increased volume above this level would confirm the bullish scenario, targeting $1.40. However, failure to maintain the upward momentum could see the price retracing to the lower support zone around $1.10.
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This analysis provides a clear and concise overview of the current technical setup for SUSHI/USDT on the 4-hour chart, highlighting potential trade opportunities and key levels to monitor.