$SUSHI /USDT Technical Analysis & Trade Signal

Current Price: $1.64 (+11.43%)

Trend Analysis

Momentum: Bullish, showing strong upward movement in the last 24 hours.

Support Levels: $1.418 (recent low, strong support zone).

Resistance Levels: $1.655 (24h high, near-term resistance).

Indicators Overview

1. RSI (Relative Strength Index): ~65, still room for further upward movement without being overbought.

2. MACD: Positive divergence, confirming continued bullish momentum.

3. Volume: Healthy trading volume, with 9.88M SUSHI traded in 24h and $15.00M in USDT volume.

Trade Signal

Entry Zone:

Buy: $1.6000–$1.6300 (on minor pullbacks for optimal entry).

Targets 🎯:

1. Target 1: $1.6700 (+1.83%)

2. Target 2: $1.7000 (+4.27%)

3. Target 3: $1.7500 (+6.71%)

Stop-Loss:

Below $1.5500 (invalidates short-term bullish momentum).

Trade Momentum

Short-Term: Bullish, with potential to break resistance at $1.655 and move toward $1.7000.

Medium-Term: A solid breakout above $1.655 could lead to a stronger rally toward $1.7500.

Risk Note: Given the positive momentum, watch for any rapid corrections or resistance challenges at $1.655. Adjust your stop-loss based on volatility.

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