Bitcoin News

SushiSwap Price Prediction for Today, October 31 – SUSHI Technical Analysis

[ad_1]

Join Our Telegram channel to stay up to date on breaking news coverage

The SushiSwap price prediction shows SUSHI breaking above the $0.70 resistance level to cross the upper boundary of the channel.

SushiSwap Prediction Statistics Data:

SushiSwap price now – $0.70
SushiSwap market cap – $178.3 million
SushiSwap circulating supply – 227.9 million
SushiSwap total supply – 231.3 million
SushiSwap Coinmarketcap ranking – #158

SUSHI/USD Market

Key Levels:

Resistance levels: $0.80, $0.85, $0.90

Support levels: $0.55, $0.50, $0.45

SushiSwap Price Prediction for Today, October 31 – SUSHI Technical AnalysisSushiSwap Price Prediction for Today, October 31 – SUSHI Technical Analysis
SUSHIUSD – Daily Chart

SUSHI/USD touches the resistance level of $0.71 as the coin spikes above the 9-day and 21-day moving averages. However, the SushiSwap price is currently exchanging hands at $0.70 with a bullish movement to cross above the channel. Meanwhile, if the coin slides below the 9-day moving average, sellers may attempt to return to the market.

SushiSwap Price Prediction: SushiSwap Price Ready to Gain More

The SushiSwap price can only maintain the uptrend if the newly touched $0.71 resistance level is maintained at all costs. At the time of writing, the 9-day moving average is above the 21-day moving average to confirm the bullish movement in the market, however; this could encourage more buyers to enter the market.

Nevertheless, if the price of SushiSwap touches the nearest resistance level of $0.75, the potential resistance levels may be located at $0.80, $0.85, and $0.90 respectively. Meanwhile, if the technical indicator decides to make a quick turn to the south, there may be a slight bearish drop which could roll the market down to the support levels of $0.55, $0.50, and $0.45 respectively.

SUSHI/BTC Spikes to the North

Against Bitcoin, the SushiSwap price is likely to cross above the upper boundary of the channel as the price touches the daily high at 2084 SAT. However, the 9-day moving average is likely to cross above the 21-day moving average as the coin aims for upward movement.

SushiSwap Price Prediction for Today, October 31 – SUSHI Technical AnalysisSushiSwap Price Prediction for Today, October 31 – SUSHI Technical Analysis
SUSHIBTC – Daily Chart

Moreover, as seen on the daily chart, the potential resistance level is located at 2300 SAT and above, but a lower sustainable move may cancel the bullish pattern and could attract new sellers coming into the market with the next focus on the support level of 1700 SAT and below.

SushiSwap Alternatives

The SushiSwap price is currently exchanging hands at $0.70 as the coin remains above the moving averages. SUSHI/USD may cross above the upper boundary of the channel if the bulls increase the buying pressure. Therefore, SushiSwap (SUSHI) will have to focus on the bullish movement to guide against the downward pressure while the closest support expects the coin at $0.60, which could be the daily low.

However, BTCMTX presale is rapidly selling out, the token, in its presale phase, has already acquired almost $2.90 million. Meanwhile, investors are to buy the token at the current price before it witnesses a significant surge.

New Crypto Mining Platform – Bitcoin Minetrix

Bitcoin MinetrixBitcoin Minetrix

Audited By Coinsult
Decentralized, Secure Cloud Mining
Earn Free Bitcoin Daily
Native Token On Presale Now – BTCMTX
Staking Rewards – Over 100% APY

Bitcoin MinetrixBitcoin Minetrix

Join Our Telegram channel to stay up to date on breaking news coverage

[ad_2]
Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Translate »