- SUSHI has more than 150k+ holders and has total liquidity of 2.78B.
- SUSHI has earned the government rights and 0.005% of all chain swaps in a simple place.
- The RSI oscillator for SUSHI shows the SELL action.
The token has shown the pattern of bullish engulfing at the morning of 27 July. SUSHI possesses circulating supply of 127,244,443 SUSHI coins and a maximum supply of 250,000,000 SUSHI coins.The last known price of this token, is 8.08 and is down by 13.04% over the last 24 hours. It has the current trading volume(s) of 433,045,360 with a gain of 33.85% over the last 24 hours. SUSHI has addresses of 60,031 with the active address(es) of 1567 in the last 24 hours.
The chart above shows the movement of SUSHI where 200 DMA has been running above it and even DMA-50 was above it until 23 July. We see the token with respect to SMA’s which are 20, 50 and 200 and it is SMA-20 which is above both the other two SMA’s. We see an upward pattern where the bears have trouble winning. The trend line marked shows this upwards shifting. The candles forming now are sinking below the level of SMA-200 and it seems that candles would be sinking further more and enable SMA-20 to sink below to SMA-50. The returns generated under the trendline period was 15-20%.
Its top 10 and 20 holders have more than 70% holdings and top 50 and 100 have more than 80% which makes the strong supply side of the coin.
An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 33.307 and marks the sell action. MA-5, MA-10 and MA-20 show the sell action. Even MA-100 shows the same sell action but MA-200 shows the buy action. However, the SUSHI at present is sinking and wait for a while for it to sink further then make a purchase, if it achieved decent returns then sell it.
The bull/bear power has the value of -1.0160 and shows the sell action. The high/low marks the buy action with the value of -0.4463.
The SUSHI-BTC pair is trailing at the level of 0.0002185 and the low 10.85% was seen whereas the SUSHI-ETH pair is trailing at the level of 0.003699 and the low of 7.67% was seen in the last 24 hours. The volume/market cap of the token is 0.4214 and its market dominance is 0.07%.
Prevailing the same situation today as the circle has
Conclusion: The days range for the coin is 7.8640-9.6720 and presently is at 8.0250. The 24 hours high and low of the coin is 9.61 and 7.88 respectively. We observed that the coin is sinking now and might follow the same scenario as marked in the circle. So in order to buy this token wait for a while to let it fall more otherwise do the sell if attained the returns.
Technical Instruments:
Pivot: 7.9733
R-1: 8.0386
R-2: 8.0790
S-1: 7.9080
S-2: 7.8676
Note:
- The unit is USD
- SMA-20: Green colour
- SMA-50: Red colour
- SMA-200: Blue colour