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Cryptopolitan 2021-09-19 13:40:39

Sushiswap Price Analysis: SUSHI moves for a second retest of $12 support, ready to push higher next week?

Sushiswap Price Analysis: SUSHI moves for a second retest of $12 support, ready to push higher next week?

TL;DR Breakdown Sushiswap price analysis is bullish.SUSHI/USD retests the $12 support for the second time.SUSHI currently rejects further downside. Sushiswap price analysis is bullish for today as the market moved for a second retest of the $12. Since further upside currently gets rejected, we expect SUSHI/USD to move higher over the next 24 hours and look to regain some of the loss. Cryptocurrency heat map. Source: Coin360 The overall market traded in a bearish momentum over the last 24 hours, with the market leader, Bitcoin, down by 2.43 percent. Meanwhile, the top altcoin, Ethereum, is down by 3.97 percent. Sushiswap price movement in the last 24 hours: Sushiswap fails to move past $13, moves for a second test of the $12 support SUSHI/USD traded in a range of $11.83 – $13.10, indicating mild volatility over the last 24 hours. Trading volume has decreased by 59.88 percent and totals $373.24 billion, while the total market capitalization trades around $1.53 billion, ranking the coin in 74th place overall. SUSHI/USD 4-hour chart: SUSHI ready to reverse? On the 4-hour chart, we can see the Sushiswap price rejecting further downside, indicating a potential reversal later today. SUSHI/USD 4-hour chart. Source: TradingView Sushiswap price has seen strong volatility over the past weeks. After a sharp spike lower on the 7th of September, SUSHI/USD found support around the $10 mark. After retesting the support twice, a str...

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