$SUSHI update

Looking at the chart for SUSHI/USDT, here’s a technical analysis based on the current situation:

👉Price Movement: The price has recently made a strong upward move from the support levels around $0.4451, breaking resistance at $0.7523 and hitting a high near $0.8946.

👉RSI (Relative Strength Index): The RSI is at 77.9, which is in the overbought zone. This suggests that the price may be due for a pullback or consolidation in the near term, as buyers may exhaust themselves.

👉Volume: There’s a spike in volume, which indicates that there’s significant interest in the asset. However, the price has rejected at around $0.8946, so it could signal a short-term resistance.

👉Key Levels: The resistance levels are clear at $0.8946 and $0.9171, and there’s potential for the price to retrace slightly before attempting to break these levels again. The immediate support level is around $0.7523.

👉Likely Next Moves:

Pullback/Consolidation: Given the overbought RSI and rejection at resistance, there may be a slight pullback to $0.75 - $0.80.

👉Continuation of Uptrend: If buying pressure continues and the RSI cools off a bit, there could be another attempt to break above $0.89 and head toward the next resistance at $0.9171.

Keeping an eye on the volume and price action around these key levels will help confirm whether the trend is likely to continue or reverse.$FXS $SKL #BinanceLaunchpoolHMSTR #BTCPredictedNewATH #moonbix #BTCReboundsAfterFOMC