- SUSHI coin price action is consolidating around the $8.0 range during the intraday trading session.
- The 24-hour trading volume is at $214 million.
- SUSHI/BTC pair is trading positive by 4.2% at 0.00022050 BTC.
The daily technical chart of the SUSHI coin displays a sideways trend. According to the pivot levels, the primary support level is $6.70. On the other side, if it rushes up, the resistance level to follow is $10.35. Although the chart forms a bearish harami candlestick pattern within the day, it is predicted that the price may remain downwards with medium reliability.
The Zig-Zag framed a top of $23.42 on 13 March. After that, investors can notice a massive correction of 75%, all the way low to $6.0. Now price levels are back around the range of $8 this week.
The volume of (65.85K) is below the MA of 20-days (569.777K). As a result, volume is too low in Sushi, causing its price to move around the pivot zone. Investors may also mark that the volume bars on the chart are declining, which intimates that notable volatility is expected in the upcoming trading session.
The Schaff Trend Cycle indicator (bullish) with a 99.99 represents a buy signal in the coin, projecting an uptrend. Additionally, Investors can see a green buy signal and an upward slope in the index.
SUSHI Coin Requires Solid Momentum
The price of Sushi today is US$8.51, and the 24-hour trading volume is US$215,034,424. The price of SUSHI has increased by 6.3% in the past 24 hours. The circulation of SUSHI coins is 190 million, with a total of 230 million. In addition, the price rebounds from the $6.70 support zone. The STC indicator shows a buy signal, and the traders have guided low volume. Technically, the price shows signs of sustainability and remains in a sideways trend. Therefore, as with overall market sentiment, the trend remains bullish.
Resistance Level: $10.35
Support Level: $6.70