Here are the SushiSwap (SUSHI) support and resistance levels to watch out for:
Support Levels
1. *Strong support*: $2.10 - $2.20 (psychological level)
2. *Moderate support*: $1.90 - $2.00 (historical level)
3. *Weak support*: $1.70 - $1.80 (trend level)
Resistance Levels
1. *Strong resistance*: $2.75 - $3.00 (psychological level)
2. *Moderate resistance*: $3.20 - $3.40 (historical level)
3. *Weak resistance*: $3.50 - $3.70 (trend level)
Technical Analysis
1. The RSI (Relative Strength Index) indicator shows overbought conditions.
2. The MACD (Moving Average Convergence Divergence) indicator shows a buy signal.
3. The chart pattern shows an uptrend.
Fundamental Factors
1. DeFi ecosystem development.
2. Strategic partnerships.
3. Increasing platform usage.
Sources
1. CoinGecko
2. CoinMarketCap
3. TradingView
Keep in mind that technical and fundamental analysis can change rapidly. Be sure to do your own research and consider the following factors:
1. Market volatility.
2. Current news.
3. Other technical analysis.
4. Global economic conditions.
Before making any investment decisions, consult a financial professional.
