- The sushiswap is trading at $7.913 around 11.67% down form the previous level
- The coin is trading in downtrend and reversing form the support
- The coin is trading at 0.0002451 BTC around 12.03% up and 0.003921 ETH around 10.40% up with respect to bitcoin and ethereum
SushiSwap was founded by the pseudonymous entity known only as Chef Nomi in 2021. The purpose of the coin is to be used as an automated market maker. The market capitalization of the coin is $$1,986,194,119.47 and the circulating supply of 250,000,000
On volume analysis, we get to know the volume in the coin is increasing . The last 24 hr trading volume of the coin is $399,780,288
CHART ANALYSIS
On charts we can see that the coin is trading at $7.84. The coin is trading in a descending triangle and the increasing volume indicates that the coin will break out from the pattern. The coin made an all time high of $23.60 and fell from there to a lower level. The coin is forming lower lows and lower high in the coin
Indicator analysis
According to indicator analysis we can see that 50 EMA is acting as a resistance and coin is trading below its all major moving average
RSI is trading at 52.15 in its neutral zone. No sign of any divergence in the coin
In MACD we can see that MACD line had crossed the Signal line and rising histogram show increasing momentum in the coin
MAJOR SUPPORT AND RESISTANCE
S1= $5.92
R1= $8.92 AND R2=$ 10.711