$SUSHI /USDT ON THE RISE! 🚀📈
The
$SUSHI /USDT pair is showing a promising upward trend, currently trading at $1.55 with a 5.23% increase. The 24-hour high is $1.644, and the low is $1.408, indicating strong bullish momentum. The trading volume for SUSHI is 18.00M, while USDT is at 27.34M, reflecting significant market activity.
📊 Current Market Conditions:
The 4-hour chart on Binance shows a consistent upward movement with higher highs and higher lows, suggesting a bullish trend. The price has recently tested the resistance level around $1.644 and is currently consolidating around $1.55.
📉 Trade Scenarios:
- Bullish Scenario: If the price breaks above the $1.644 resistance, it could target the next resistance at $1.70.
- TP: $1.70
- SL: $1.50
- Bearish Scenario: If the price fails to hold above $1.50, it might retrace to the support level at $1.40.
- TP: $1.40
- SL: $1.55
🔍 Market Outlook:
The overall market sentiment for SUSHI/USDT appears bullish, with potential for further gains if the current momentum continues. Traders should watch for key resistance and support levels to make informed decisions.
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