SUSHI/USDT Above 200 MA, Eyeing Psychological Level at $1.00
$SUSHI

Current Price: SUSHI/USDT is trading at $0.880, with an increase of +1.85%.200-Period Moving Average (MA): The price is currently above the 200-period MA at $0.631, indicating a bullish medium-term trend.VWAP (Volume Weighted Average Price): The VWAP is at $0.868, supporting the upward price momentum, suggesting that sufficient volume is present to sustain this movement.Key Indicators:

RSI (Relative Strength Index): The RSI is at 82.59, indicating overbought conditions. This suggests that there may be a risk of a short-term correction as traders might decide to take profits.

MACD Line: 0.041Signal Line: 0.027Analysis: The MACD shows a bullish crossover, with the MACD line above the signal line. This indicates that positive momentum is present, with potential for further upward price movement, although the high RSI suggests caution.

Resistance Levels:

Key Resistance: $0.900, which is a significant level that could act as a barrier if the price continues to rise.Secondary Resistance: $1.000, a psychological level which could be a target if the first resistance is broken.

Support Levels:

Immediate Support: $0.750, a level tested in the past and likely to act as support if there is a correction.Further Support: $0.650, aligning with the 200-period MA, which will be crucial in maintaining the bullish momentum.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research before making trading decisions.

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