Sushi Value Soars 20% Before Another 32% Potential Surge â Manipulation or Bull Rally? đŁđč
Sushi is emerging as one of the biggest winners on Tuesday, skyrocketing nearly 20% in 24 hours to $0.75. The native token of the decentralized exchange (DEX) SushiSwap has persistently maintained this bullish structure, accumulating a 25% gain in 30 days, a 39% increase in two weeks, and a 26.5% rise in the past week.The trading volume supporting the upward trend has consistently grown, with $83 million pouring in during 24 hours. Sushi flaunts a market capitalization of $143 million and stands at position #216 among other cryptocurrencies, including stablecoins. đŁđčđ°đđđŒđđ±đSushi Price Skyrockets Toward $1Sushi, much like the majority of cryptocurrencies in the market, has endured a prolonged crypto winter, plummeting by 96.8% from its all-time high of $23.38 in March 2021. The confirmation of a double-bottom pattern's support at $0.5322 allowed the bulls to reclaim control and determine the next course of action. Sushi's price surged past the initial significant obstacle at the 50-day Exponential Moving Average (EMA) (red), strengthening their bullish dominance.The subsequent ascent beyond the 100-day EMA (blue) resistance paved the way for the ongoing bullish momentum in the form of an engulfing candle, bringing Sushi tantalizingly close to a double-bottom pattern breakout.Nonetheless, resistance at the 200-day EMA still poses a hurdle on the path to the anticipated breakout from the neckline resistance at $0.7785. This underscores the importance of traders focusing on surmounting this barrier to enhance the likelihood of Sushi surpassing the $1 mark. đŁđ„đČđđđđïžđȘđđđȘđ§đŒđĄđ#SushiPrice đŁđČ#CryptoMarket đđ#BullishTrend đ#DoubleBottomPattern đ#CryptoWinter âïž#CryptocurrencyNews đ°#PriceSurge đ#TechnicalAnalysis đđ#MarketAnalysis đđ#CryptoBreakout đȘđ#BitcoinAlternative đ#InvestmentOpportunity đŒđ°#TradingStrategies đđđĄ#SushiSwap đŁđ#CryptoHodl đ
$SUSHI #SUSHI-4.78%