$SUSHI /USDT ANALYSIS: BULLISH PRESSURE BUILDING – WATCH FOR A BREAKOUT!
The $SUSHI /USDT trading pair is currently priced at 1.801 USDT, reflecting a modest increase of 3.12% over the last 24 hours. The price has touched a 24-hour high of 1.815 USDT and a low of 1.740 USDT, showing a steady upward trajectory with increased buying interest.
Price Action & Market Sentiment:
Trend: SUSHI has been gradually moving upward, forming higher highs and higher lows on the chart.
Volume: Trading volume stands at 19.67 million SUSHI and 35.42 million USDT, indicating growing market activity.
Key Levels to Watch:
Resistance:
Immediate: 1.815 USDT
Next Major: 1.850 USDT
Support:
Immediate: 1.780 USDT
Next Major: 1.750 USDT
Indicators:
RSI: Near 58, suggesting room for further upward movement before entering overbought territory.
MACD: Bullish crossover observed, indicating growing momentum in favor of buyers.
Moving Averages: The price is trading above the 50-day EMA, confirming a short-term bullish trend.
Outlook:
With increasing bullish momentum and significant trading activity, $SUSHI/USDT appears poised for a potential breakout above 1.815 USDT. Traders should monitor resistance levels for confirmation of a breakout or watch support levels for possible pullbacks and re-entry opportunities.
Stay tuned for more trading insights and updates on $SUSHI/USDT!
#BIOOnBinance #BIOOpenonBinance #BinanceAlphaAlert #USJoblessClaimsDrop #Write2Earn
