- The SUSHI token is decreasing downwards, around -14.9%, during the intraday trading session.
- The 24-hour trading volume is at $783 million.
- SUSHI/BTC pair is also trading negative by -6.0% at 0.00023249 BTC.
Daily technical chart and SUSHI token trend is showing a downward trend. Based on the pivot level, the initial support level is 8.35 USD. From another perspective, if it accelerates, the resistance level to watch is 15.35 USD. Although the chart created a Doji star candlestick pattern during the day, the price is expected to be a downside with medium reliability.
Ichimoku Cloud is composed of lead-1 and lead-2, and the displacement value is 1. It operates as a pivot level and leading indicator of asset price changes. Investors can see that the price slips below the Green Moku Cloud and now trades under the Green Moku Cloud, so the cost is inside the Green Moku Cloud, ensuring the neutral trend of SUSHI.
Trading volume (3.44 M) is close to the 20-day moving average (4.94 M). In short, the moderate volume of transactions caused the price to get rejected at the resistance zone. Investors may also notice that the volume bar on the chart is declining, which indicates that surprising volatility is expected in the next trading days.
The MACD indicator gives (bearish) cross below the signal line on September 07, indicating a sell signal in the coin. Moreover, Investors can see red bars on the Histogram index.
SUSHI Token MACD Hints a Sell Call
The price of Sushiswap token today is USD 10.77, and the 24-hour trading volume is USD 783,391,698. The cost of SUSHI has decreased by 14.9% in the past 24 hours. The circulation of SUSHI coins is 190 million, with a total of 233 million. The MACD indicator shows a sell sign, and the traders have led to moderate volume. Technically, the price resides around the pivot zones and continues in a downtrend. Accordingly, as with the overall market viewpoint, the trend remains bearish for upcoming trading sessions.
Resistance Level: $15.35
Support Level: $8.35