Sushi Value Soars 20% Before Another 32% Potential Surge – Manipulation or Bull Rally? 🍣💹
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. 🍣💹💰📈📊🔼📈💱🌐Sushi 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 $1 mark. 🍣💥💲📈📉📊🕊️💪🔓🔝🪙🚧💼💡🌟#SushiPrice 🍣💲#CryptoMarket 📈📉#BullishTrend 🐂#DoubleBottomPattern 📊#CryptoWinter ☃️#CryptocurrencyNews 📰#PriceSurge 🚀#TechnicalAnalysis 📈📊#MarketAnalysis 📈🔍#CryptoBreakout 🪙🔓#BitcoinAlternative 💎#InvestmentOpportunity 💼💰#TradingStrategies 📈📉💡#SushiSwap 🍣🔄#CryptoHodl 🚀$SUSHI
