$SUSHI $SUSHI $SUSHI Alert signal for everyone .
/USDT Technical Analysis
As we analyze the current price action of SUSHI/USDT, several key indicators suggest potential movement in the coming hours.
Current Price: $0.840
24h High: $0.930
24h Low: $0.836
Technical Levels and Targets
1. Target 1: $0.870
The first target is set at $0.870, which aligns with the recent moving average (MA7). A breakout above this level could indicate a bullish reversal, potentially leading to further upward momentum.
2. Target 2: $0.900
The second target is $0.900, where previous resistance has been noted. This level is critical, as a successful test could open the door for further gains towards the next target, reinforcing buyer confidence.
3. Target 3: $0.930
Finally, the $0.930 level serves as a crucial resistance point established by the 24-hour high. If SUSHI can breach this barrier, we may see a significant rally, as market sentiment could shift positively.
Indicators to Watch
Moving Averages:
The MA(7) at $0.870 and MA(25) at $0.828 highlight potential support levels.
RSI:
The Relative Strength Index (RSI) will be a key metric to watch. If it approaches overbought territory, it may signal a correction, while a dip could indicate buying opportunities.
MACD:
Keep an eye on the MACD for potential bullish crossover signals, indicating increased buying pressure.
Conclusion
Traders should monitor these key price levels and consider their risk management strategies carefully. As always, stay updated with market trends and adjust your positions accordingly.