Thursday, December 8, 2022
 

SushiSwap (SUSHI) Could Be Gearing Up To Reach Target Of $2.3

  • 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.

SUSHI-USDT weekly chart
SUSHI/USDT weekly chart Source: TradingView

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.

SUSH-USDT-weekly chart
SUSH/USDT weekly chart Source: TradingView

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-USDT daily chart
SUSHI/USDT daily chart Source: CoinMarketCap

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.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

  • 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.

SUSHI-USDT weekly chart
SUSHI/USDT weekly chart Source: TradingView

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.

SUSH-USDT-weekly chart
SUSH/USDT weekly chart Source: TradingView

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-USDT daily chart
SUSHI/USDT daily chart Source: CoinMarketCap

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.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

 

Latest news