SUSHI price Forecast
The daily chart highlights two clear trend lines. The longer-term downtrend is currently visible at $13.50 and is the first line of resistance. Successful clearance of this trend would constitute a bullish breakout and potentially target the may high of $22.52, around 75% above the last price.
The second trend line sits below the market at 9.93.As long as the SushiSwap price remains above this confluent band of support, the prospects are positive.
On that basis, I maintain a bullish outlook for SUSHI unless the price drops below $9.92. In this event, a return to the July lows around $6.50 becomes a possibility.
The second trend line sits below the market at 9.93.As long as the SushiSwap price remains above this confluent band of support, the prospects are positive.
On that basis, I maintain a bullish outlook for SUSHI unless the price drops below $9.92. In this event, a return to the July lows around $6.50 becomes a possibility.
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