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Technical Analysis and Trade Signal for the $SUSHI /USDT pair:


Current Price: $2.01

24h High: $2.32

24h Low: $1.81

Key Levels:

Support Level 1: $1.81 (Recent low)

Support Level 2: $1.70 (Psychological support)

Resistance Level 1: $2.12 (Previous consolidation zone)

Resistance Level 2: $2.32 (24h high)

Resistance Level 3: $2.50 (Potential price rebound)

Indicators:

1. RSI (Relative Strength Index): RSI is currently under 30, suggesting the asset is in oversold territory, which could indicate a potential reversal if market conditions improve.

2. MACD (Moving Average Convergence Divergence): The MACD is showing a bearish crossover, indicating the price momentum is still downward.

3. Volume: The volume has been consistent but shows less buying pressure, indicating market participants are cautious.

Trade Momentum:

Current Trend: Bearish (Downtrend)

Short-Term Outlook: If SUSHI fails to hold above the support at $1.81, the next significant target could be around $1.70.

Medium-Term Outlook: If a bounce occurs at the current support, we may see a move towards $2.12 (Resistance Level 1). However, $2.32 should be the key resistance to watch for any trend reversal.

Trade Signals & Targets:

1. Bearish Trade (If SUSHI breaks below $1.81 support):

Entry Point: Below $1.81

Target 1: $1.70 (Next Support Level)

Target 2: $1.60 (Lower Support Zone)

Stop Loss: $2.05 (Above the immediate resistance)

2. Bullish Trade (If SUSHI bounces from $1.81 support):

Entry Point: $1.85 (Bounce confirmation)

Target 1: $2.12 (First Resistance)

Target 2: $2.32 (24h High)

Target 3: $2.50 (Reversal resistance zone)

Stop Loss: $1.75 (Below the recent support)

Conclusion:

Bullish Momentum: If SUSHI holds above $1.81 and shows signs of a reversal (bounce), the price could target $2.12, $2.32, and $2.50.

Bearish Momentum: If SUSHI breaks below $1.81, watch for further downside with targets at $1.70 and potentially lower.

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