- People have been buying large quantities of SUSHI.
- SUSHI is gearing up to reach its $2.3 target.
- SUSHI’s daily chart is looking very bullish at the moment as the 20 EMA line has crossed above the longer 50 EMA line.
The educational cryptocurrency and investing platform that goes by the name of Mac took to Twitter on November 3 to express their interest in SushiSwap (SUSHI). According to the post, it seems like people have been buying large quantities of SUSHI, and this makes Mac believe that the crypto could reach $2.3 in the next month.
Mac then took to Twitter again yesterday and in a post confirmed his suspicions from the first post that SUSHI is climbing towards the $2.3 target.
According to CoinMarketCap, SUSHI is currently trading at $1.81 after a 6.25% drop in price over the last 24 hours, and after reaching a high of $1.99 over the same time period. Despite the crypto being in the red for the day, SUSHI is up about 0.29% over the last week.
SUSHI’s 24 hour trading volume is also in the red at the moment by more than 40% to now stand at $138,874,427.
SUSHI is the 135th biggest cryptocurrency with its market cap of $229,801,067. This places SUSHI right behind Dogelon Musk (ELON) in the 134th position and in front of Ox (ZRX) in the 136th position.
SUSHI’s daily chart is looking very bullish at the moment as the 20 Exponential Moving Average (EMA) line has crossed above the longer 50 EMA line. Since this bullish cross event occurred, the price of SUSHI has been in an ascending price channel.
The position of the two EMA lines suggests that there is still bullish momentum present in SUSHI’s chart. As a result, the price of SUSHI is trading well above the 20 and 50 EMA lines.
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