$SUSHI 💦

SUSHI/USDT [1-day (1D)]

Short-Term:

The price might continue downwards due to the bearish signals, indicated by being below the short-term moving averages (MA 7 and MA 25). However, the oversold Stochastic RSI suggests a potential upward movement soon.

Medium-Term:

If the price can break above $1.178 (conversion line in the Cloud and resistance level), it might continue to rise. Aligns with the key resistance point.

Long-Term:

Support levels to watch if the price falls are $1.10 (near the base line of the Cloud) and $1.05 (another key support level noted in the chart).

Key Points:

Overall Trend: Currently bearish in the short term as indicated by the position below the MA 7 and MA 25.

Watch: If the price goes above $1.178, it might keep going up. If it falls below $1.10, it might drop further to $1.05.

User Strategy:

Short-Term: There could be a potential short-term bullish reversal due to the oversold Stochastic RSI (K% at 9.18 and D% at 18.00). Look for a confirmation of this reversal, such as a bullish candlestick pattern or a cross above the short-term moving averages (MA 7 and MA 25).

Long-Term: The overall trend remains bearish as long as the price stays below the Cloud and the long-term moving average (MA 99 at 1.384).

**Be cautious and consider the broader bearish trend before making long-term investment decisions.**

Conclusion:

SUSHI/USDT is showing short-term bearish trends with potential for a short-term upward movement due to the oversold Stochastic RSI. The key level to break for an upward trend is $1.178. The main support levels to watch if the price falls are $1.10 and $1.05. The overall sentiment is cautious, with mixed signals from the indicators.