BTC CHART Bitcoin has moved as anticipated following the breakout, and it is currently trading near the $45,000 resistance level. The reaction at this resistance area will be crucial to determine the next course of action. A successful break above $45,000 could propel the price towards the $48,000-$50,000 range, while a rejection may lead to a decline towards the $40,000-$42,000 support area.BNB CHARTBNB Analysis:BNB is breaking out of the symmetric triangle pattern, but it's prudent to wait for a candle close above the trendline to confirm the breakout. If confirmed, we might witness a move towards the resistance area, and it's essential to observe how the price reacts upon reaching that level. The support and resistance levels remain unchanged for now.SUSHI CHARTSUSHI Analysis: Price is currently oscillating between the support and resistance levels. We might witness a price surge towards the resistance area and observe its reaction. You can place your buy orders in the support area and wait for the price to rebound.Support Area: $0.995-$1.01Resistance Area: $1.22-$1.25EDUCATIONAL POSTWhat are flash loans?A traditional banking system includes secured and unsecured loans. Secured loans are the ones where the user should attach collateral. Unsecured loans there is no need for collateral as the loan will be sanctioned based on the user’s CIBIL/CRIF score. A flash loan is a form of trading where users can borrow an unsecured loan without any intermediary. The smart contract will monitor the transactions and will ensure that the transaction will execute when the user adheres to the rules given in the contract. The smart contracts are pioneered by Aave, one of the top lending protocols in DeFi. The size of the loan depends on the capital availability in the publicly funded platforms that provide flash loan services. The fees involved in this type of loans are very low (0.09% on Aave). #TradeNTell #Write2Earn #tia #BNB🔥 #sushi

Sushi DAO CEO proposes to establish a legal fund in USDT to cover the attorney’s fees for core contributors.

The Securities and Exchange Commission (SEC) served the DEX and its CEO Jared Grey with a subpoena for reasons unknown at the moment.

SushiSwap price has fallen over 5% over the last hours to trade  around $1.15.

The regulatory crackdown on the crypto market has been growing over the past few months, with the Securities and Exchange Commission (SEC) doubling down in its efforts. In line with the same, on March 21, Sushi became the next on the list to tangle with the regulatory body.

Sushi subpoenaed by SEC

In a blog post on March 21, Sushi DAO announced that the SEC issued a subpoena for the Decentralized Exchange (DEX) company. The subpoena also included the Chief Executive Officer (CEO) of Sushi, also known as the Head Chef, Jared Grey. 

While the reason remains unknown at the moment, Sushi is already taking the necessary steps to deal with the situation. Sushi also stated that they were cooperating with the SEC and that there was no intention to comment publicly on the ongoing investigations.

In response to the subpoena, the CEO proposed establishing a legal defense fund to cover the legal costs that may occur. The proposal seeks  $3 million from the Sushi DAO in the form of USDT. The Sushi DAO Legal Defense Fund would be used to provide coverage for the attorney fees and costs for just its core contributors.

This fund, per the proposal, will include money from three different sources. The CEO suggested that 50% of the fund would come from the Kanpai fees, another 35% from Grants and the remaining 15% from Sushi Time-Weighted Average Price selling. 

The proposal also noted that if the funds deplete, the DAO will add another $1 million in USDT until the legal proceedings come to an end. The Securities and Exchange Commission provided no statement regarding the same.

The SushiSwap price is trading at $1.140 at the time of writing, having retreated from a daily high of $1.219. SUSHI is also currently one of the only few coins that did not follow the broader market cues and failed to recover from the late February decline of 28.5%.

#sushi #koinmilyoner #Binance #BTC #GPT-4

SushiSwap price is forming a base around $1.05 with a bullish divergence, hinting at a bullish week.

On-chain metrics point to an outlook supporting buyers with a 10% to 20% upside for SUSHI holders.

Invalidation of the optimistic outlook occurs if the Sushi token price flips the $1.00 support level into a resistance floor.

SushiSwap price undid the early March gains in the last week after the SEC subpoenaed the platform’s head chef Jared Grey. As a result of this announcement, the token collapsed by roughly 18%. However, this week things are starting to look better for the decentralized exchange (DEX) and SUSHI holders for four key reasons.

SushiSwap price hints at reversal

SushiSwap price on the daily chart shows that it produced two key lower lows on March 10 and 25. Looking at the Relative Strength Index (RSI) and the Awesome Oscillator (AO) indicators, one can see higher highs, indicating an increase in momentum for the same periods.

This non-conformity is defined as bullish divergence and often results in a reversal in the SushiSwap price trend or short-term rally.

The first upside target for SUSHI holders is $1.14, which is the midpoint of the 23% collapse between March 18 and 25. If the momentum for SushiSwap price remains strong and unflinching, the $1.25 hurdle is next. 

In total, these targets would provide investors with 10% to 20% gains if they purchased SUSHI tokens at the current level.

On-chain metrics hint at a bullish future for SUSHI token holders 

The number of 24-hour Active Addresses has created a one-month high after shooting from 338  on March 21 to 556 on March 23. The fact that this spike occurred after an 18% selloff in SushiSwap price denotes accumulation by interested whales.

Hence, this uptick in 24-hour Active Addresses, suggests the possibility of an impending bullish move for SUSHI token price.

Adding credence to this accumulation from high networth investors is the Whale Transaction Count. This index tracks transactions worth $100,000 or more and serves as a proxy of investments for smart money investors. 

The fact that the metric rose to 14 on March 25, following a 23% drop in SushiSwap price, further supports the idea of accumulation mentioned earlier.

To take things to the next level, readers can note that the number of addresses holding between 1 million and 10 million SUSHI tokens increased from 26.11% to 30.51% between March 18 and 22. This spike in the number of addresses indicates but one thing - interest from high net worth investors. 

Between March 22 and March 27, the number of these addresses declined from 30.51% to 28.29%, which could indicate that some of these investors decided not to take the risk. Regardless, there is a clear accumulation from the whales’ perspective, cementing the possibility of an uptrend for SushiSwap price.

While all signs point to a bullish future for SushiSwap price, a failure to push higher could denote an inherent uncertainty from investors. If SUSHI token slides below the $1 psychological level and fails to overcome it quickly, it would invalidate the bullish thesis.

This move would scream weakness and trigger investors to offload their holdings, catalyzing a 10% slide to $0.901.

#sushi #ExchangeWithKindness #koinmilyoner #Fed #Launchpad

The price of #SushiSwap has seen strong performance in the last week, with a notable increase of 63% and surpassing the $1 trading threshold.
The surge resulted in the liquidation of short contracts for $4.87 million, marking the largest value observed in almost three months.
The rally exhibits significant magnitude, owing to the huge contribution of SUSHI investors, whose involvement has seen a remarkable surge of 670% over a span of four days.
The price of SushiSwap has experienced remarkable increases in recent days, particularly within this month, as investors eagerly seized the chance to maximize their gains. The network also appeared to derive advantages from their involvement, leading to a distressing experience for short traders.
The price of SushiSwap experiences a significant surge.
The price of SushiSwap, which is currently trading at $1.05, had a significant increase of 63% within a short period of four days. The analysis of the three-day chart reveals a notable upward movement that occurred throughout the current month, resulting in the surpassing of significant resistance levels by SUSHI.
The cryptocurrency has surpassed the 23.6% and 38.2% Fibonacci Retracement levels, which were set at $0.86 and $1.03 respectively, after experiencing a decline from $1.81 to $0.56. In the event that the cryptocurrency successfully establishes the $1.03 level as a support, it would facilitate an upward movement towards $1.19, aligning with the 50% Fibonacci retracement level.

Nevertheless, should SUSHI fail to maintain this threshold, it would render the token susceptible to a decline towards $0.86. Furthermore, if the three-day candlestick concludes below this critical level, it would serve as confirmation that the optimistic hypothesis has been discredited, perhaps resulting in a decrease in SushiSwap's price below $0.80.

Short traders in the #sushi market experience significant losses.
A decrease in the price of SushiSwap would serve as a compensatory outcome for short traders, given that the preceding four days have been particularly unfavorable for their positions. Based on the data acquired from Coinglass, it can be observed that the rally led to a constant and substantial liquidation of short contracts over a period of three days.
During the observed period, traders maintained their anticipation for a decrease that did not materialize, resulting in the liquidation of short contracts. Approximately $4.87 million worth of short positions were liquidated during this time.

It is noteworthy that the responsibility for the financial losses incurred by traders is attributed to the $SUSHI investors themselves. The early surge in value garnered the interest of SUSHI holders, prompting them to actively engage in transactions on the network.
As a result, there was a significant increase in active addresses, which rose from 196 to 1,304 over a span of two days, indicating a substantial surge of 670%. The aforementioned factor sustained the upward trend in the market, leading to a substantial increase of 63%.
Therefore, in order to generate gains, it is possible that short traders may desire a decrease in value. If the price of SushiSwap falls below the support level of $1.03, short traders will get their desired outcome.
#crypto2023