šØ $SUSHI
/USDT Technical Analysis šØ
The SUSHI/USDT pair has been making waves recently with some interesting price action. Here's a breakdown of the current situation:
š¹ Current Price: 1.047 USDT
š¹ 24h Range: $0.993 - $1.286
š¹ Volume: 60.19M SUSHI, 67.97M USDT
š Key Levels to Watch:
Target 1: $1.034
The price is holding steady near this level (MOTHER 7), which could act as short-term support. A bounce here might be an opportunity to ride the recovery if the momentum turns bullish.
Target 2: $1.036
A slight increase from Target 1, this is another potential support level (MOTHER 25). If the price manages to sustain above it, we could see a short-term consolidation before a potential break higher.
Target 3: $1.047
This is the current price and MOTHER 99 level. If SUSHI/USDT maintains strength here, it may serve as a resistance level. However, breaking above this could signal further bullish potential.
š Market Sentiment:
With a 12.82% decrease from the 24h high, the market is currently in a corrective phase, but the depth of the pullback (-2.475%) suggests the price might stabilize soon. Watch for any signs of bullish reversal around the targets mentioned.
š Volume Analysis:
SUSHI is showing healthy volume, with 60.19M traded in the last 24 hours. This indicates significant interest and could lead to more volatility. Keep an eye on volume spikes for entry/exit points.
š„ Trade Smart, Stay Ahead! š„
This analysis is for educational purposes and should not be considered financial advice. Always do your own research before making trading decisions.
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