$SUSHI /USDT Technical Analysis

Current Market Sentiment: Bullish

The price of SUSHI/USDT is showing strong upward momentum, with a 20.53% increase in the last 24 hours. The high trading volume confirms buyer interest.

Key Technical Levels

Resistance Levels:

1. $1.814 (24h high, immediate resistance)

2. $1.95 (psychological level and key Fibonacci resistance)

3. $2.10 (major breakout level)

Support Levels:

1. $1.60 (recent support after pullback)

2. $1.50 (psychological and EMA support)

3. $1.418 (24h low, critical support)

Indicators:

1. RSI: Currently at 72, indicating overbought conditions but still showing strong momentum.

2. MACD: Bullish crossover, suggesting further upside potential.

3. EMA: The price is trading above the 20-day and 50-day EMAs, confirming an uptrend.

Trade Signal for SUSHI/USDT

Entry Point:

Buy Zone: $1.70–$1.74 (on slight pullbacks)

Targets 🎯

1. Target 1: $1.85 (Short-term target)

2. Target 2: $2.00 (Mid-term target)

3. Target 3: $2.10 (Breakout target)

Stop Loss:

Place a stop-loss below $1.60 to minimize risk.

Trade Momentum:

Bullish: The strong price action, combined with increased volume and bullish technical indicators, suggests continuation of the uptrend. Traders should watch for a breakout above $1.814 for confirmation of further upside.

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