$SUSHI / USDT Analysis: Current Market UpdateKey Metrics:Price: $1.59124H Change: -6.85% 🔻24H High: $1.71424H Low: $1.56324H Volume (SUSHI): 10.20M24H Volume (USDT): 16.70MTechnical Insights:The price of SUSHI is currently in a downward trend, showing a significant 6.85% decline in the last 24 hours.The candlestick pattern indicates a recent recovery from the 24-hour low of $1.563, but resistance around the $1.60 level is visible.Moving averages:MA(7): 1.589MA(25): 1.600MA(99): 1.629
The price is trading below the 25-day and 99-day moving averages, reflecting bearish momentum.Market Context:SUSHI has faced consistent selling pressure, as shown by the declining trend. However, the slight recovery from $1.563 indicates potential interest from buyers at lower levels.For Traders:Short-term traders: Watch for a breakout above $1.60 for possible upward movement.Support levels: $1.563 remains a key support.Resistance levels: $1.60 and $1.63 (close to MA(99)).
Stay vigilant for changes in market sentiment, as volatility remains high!
