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Bitcoin Bitcoin (BTC) $115,523.16 ↓ -2.99%
Ethereum Ethereum (ETH) $3,640.41 ↓ -2.70%
XRP XRP (XRP) $3.04 ↓ -6.18%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.02%
BNB BNB (BNB) $767.09 ↓ -1.52%
Solana Solana (SOL) $178.22 ↓ -5.84%
USDC USDC (USDC) $1.00 ↑ 0.02%
Dogecoin Dogecoin (DOGE) $0.23 ↓ -7.09%
TRON TRON (TRX) $0.32 ↑ 0.40%
Cardano Cardano (ADA) $0.79 ↓ -4.90%
Hyperliquid Hyperliquid (HYPE) $42.55 ↓ -1.63%
Stellar Stellar (XLM) $0.41 ↓ -7.11%
Sui Sui (SUI) $3.69 ↓ -3.09%
Chainlink Chainlink (LINK) $17.69 ↓ -4.64%
Bitcoin Cash Bitcoin Cash (BCH) $536.66 ↑ 2.32%
Hedera Hedera (HBAR) $0.25 ↑ 1.23%
Avalanche Avalanche (AVAX) $23.26 ↓ -4.45%
Litecoin Litecoin (LTC) $111.47 ↓ -2.62%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ -0.19%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -3.40%
Toncoin Toncoin (TON) $3.12 ↓ -2.36%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.06%
Uniswap Uniswap (UNI) $10.11 ↓ -3.28%
Polkadot Polkadot (DOT) $3.96 ↓ -3.40%
Monero Monero (XMR) $324.67 ↑ 0.14%
Dai Dai (DAI) $1.00 ↓ -0.01%
Bitget Token Bitget Token (BGB) $4.48 ↓ -3.51%
Pepe Pepe (PEPE) $0.00 ↓ -6.93%
Aave Aave (AAVE) $289.54 ↓ -1.15%
Cronos Cronos (CRO) $0.13 ↓ -0.64%
Bittensor Bittensor (TAO) $408.95 ↓ -5.43%
Ethena Ethena (ENA) $0.56 ↑ 13.05%
Pi Pi (PI) $0.44 ↓ -1.69%
NEAR Protocol NEAR Protocol (NEAR) $2.70 ↓ -3.71%
Ethereum Classic Ethereum Classic (ETC) $21.92 ↓ -4.41%
Ondo Ondo (ONDO) $1.01 ↓ -4.61%
Aptos Aptos (APT) $4.64 ↓ -2.32%
Internet Computer Internet Computer (ICP) $5.45 ↓ -4.45%
OKB OKB (OKB) $47.75 ↓ -1.34%
Bonk Bonk (BONK) $0.00 ↓ -11.20%
Kaspa Kaspa (KAS) $0.10 ↓ -4.64%
Mantle Mantle (MNT) $0.75 ↓ -1.49%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↓ -2.85%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -11.02%
Algorand Algorand (ALGO) $0.26 ↓ -5.00%
Arbitrum Arbitrum (ARB) $0.43 ↓ -3.20%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.03%
GateToken GateToken (GT) $17.49 ↓ -0.07%
VeChain VeChain (VET) $0.02 ↓ -3.27%
Render Render (RENDER) $4.01 ↓ -4.05%
Worldcoin Worldcoin (WLD) $1.12 ↓ -5.83%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.78 ↓ -2.80%
Sky Sky (SKY) $0.09 ↑ 3.02%
Sei Sei (SEI) $0.32 ↓ -2.48%
Cosmos Cosmos (ATOM) $4.57 ↓ -4.16%
Filecoin Filecoin (FIL) $2.56 ↓ -3.80%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.72 ↓ -5.42%
SPX6900 SPX6900 (SPX) $1.72 ↓ -6.36%
Jupiter Jupiter (JUP) $0.52 ↓ -5.74%
Flare Flare (FLR) $0.02 ↓ -6.50%
Story Story (IP) $5.21 ↓ -7.51%
KuCoin Token KuCoin Token (KCS) $12.01 ↓ -1.40%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.03%
Quant Quant (QNT) $119.19 ↓ -2.49%
Curve DAO Token Curve DAO Token (CRV) $1.04 ↑ 1.07%
XDC Network XDC Network (XDC) $0.09 ↓ -1.27%
Celestia Celestia (TIA) $1.86 ↓ -1.19%
Injective Injective (INJ) $13.30 ↓ -4.69%
Fartcoin Fartcoin (FARTCOIN) $1.30 ↓ -8.92%
Four Four (FORM) $3.36 ↓ -5.24%
Stacks Stacks (STX) $0.77 ↓ -4.63%
Optimism Optimism (OP) $0.69 ↓ -4.09%
FLOKI FLOKI (FLOKI) $0.00 ↓ -6.17%
Immutable Immutable (IMX) $0.54 ↓ -3.91%
dogwifhat dogwifhat (WIF) $1.02 ↓ -7.00%
The Graph The Graph (GRT) $0.10 ↓ -4.38%
Ethereum Name Service Ethereum Name Service (ENS) $27.54 ↓ -6.46%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.51 ↓ -6.90%
Kaia Kaia (KAIA) $0.16 ↓ -3.01%
Lido DAO Lido DAO (LDO) $1.07 ↓ -4.17%
PAX Gold PAX Gold (PAXG) $3,342.95 ↓ -1.12%
Sonic Sonic (S) $0.32 ↓ -4.36%
Conflux Conflux (CFX) $0.18 ↓ -3.20%
Tezos Tezos (XTZ) $0.86 ↓ -5.81%
PancakeSwap PancakeSwap (CAKE) $2.64 ↓ -0.74%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -17.23%
Vaulta Vaulta (A) $0.56 ↓ -5.40%
Theta Network Theta Network (THETA) $0.85 ↓ -4.31%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.01%
Nexo Nexo (NEXO) $1.31 ↓ -0.47%
Tether Gold Tether Gold (XAUt) $3,335.91 ↓ -1.17%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -6.93%
IOTA IOTA (IOTA) $0.20 ↓ -3.35%
Gala Gala (GALA) $0.02 ↓ -5.40%
Raydium Raydium (RAY) $2.86 ↓ -9.68%
The Sandbox The Sandbox (SAND) $0.29 ↓ -4.09%
Aerodrome Finance Aerodrome Finance (AERO) $0.86 ↓ -4.69%
Pendle Pendle (PENDLE) $4.44 ↓ -0.76%
Pyth Network Pyth Network (PYTH) $0.12 ↓ -4.42%
Jito Jito (JTO) $1.92 ↓ -7.53%
Bitcoin Bitcoin (BTC) $115,523.16 ↓ -2.99%
Ethereum Ethereum (ETH) $3,640.41 ↓ -2.70%
XRP XRP (XRP) $3.04 ↓ -6.18%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.02%
BNB BNB (BNB) $767.09 ↓ -1.52%
Solana Solana (SOL) $178.22 ↓ -5.84%
USDC USDC (USDC) $1.00 ↑ 0.02%
Dogecoin Dogecoin (DOGE) $0.23 ↓ -7.09%
TRON TRON (TRX) $0.32 ↑ 0.40%
Cardano Cardano (ADA) $0.79 ↓ -4.90%
Hyperliquid Hyperliquid (HYPE) $42.55 ↓ -1.63%
Stellar Stellar (XLM) $0.41 ↓ -7.11%
Sui Sui (SUI) $3.69 ↓ -3.09%
Chainlink Chainlink (LINK) $17.69 ↓ -4.64%
Bitcoin Cash Bitcoin Cash (BCH) $536.66 ↑ 2.32%
Hedera Hedera (HBAR) $0.25 ↑ 1.23%
Avalanche Avalanche (AVAX) $23.26 ↓ -4.45%
Litecoin Litecoin (LTC) $111.47 ↓ -2.62%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ -0.19%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -3.40%
Toncoin Toncoin (TON) $3.12 ↓ -2.36%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.06%
Uniswap Uniswap (UNI) $10.11 ↓ -3.28%
Polkadot Polkadot (DOT) $3.96 ↓ -3.40%
Monero Monero (XMR) $324.67 ↑ 0.14%
Dai Dai (DAI) $1.00 ↓ -0.01%
Bitget Token Bitget Token (BGB) $4.48 ↓ -3.51%
Pepe Pepe (PEPE) $0.00 ↓ -6.93%
Aave Aave (AAVE) $289.54 ↓ -1.15%
Cronos Cronos (CRO) $0.13 ↓ -0.64%
Bittensor Bittensor (TAO) $408.95 ↓ -5.43%
Ethena Ethena (ENA) $0.56 ↑ 13.05%
Pi Pi (PI) $0.44 ↓ -1.69%
NEAR Protocol NEAR Protocol (NEAR) $2.70 ↓ -3.71%
Ethereum Classic Ethereum Classic (ETC) $21.92 ↓ -4.41%
Ondo Ondo (ONDO) $1.01 ↓ -4.61%
Aptos Aptos (APT) $4.64 ↓ -2.32%
Internet Computer Internet Computer (ICP) $5.45 ↓ -4.45%
OKB OKB (OKB) $47.75 ↓ -1.34%
Bonk Bonk (BONK) $0.00 ↓ -11.20%
Kaspa Kaspa (KAS) $0.10 ↓ -4.64%
Mantle Mantle (MNT) $0.75 ↓ -1.49%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↓ -2.85%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -11.02%
Algorand Algorand (ALGO) $0.26 ↓ -5.00%
Arbitrum Arbitrum (ARB) $0.43 ↓ -3.20%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.03%
GateToken GateToken (GT) $17.49 ↓ -0.07%
VeChain VeChain (VET) $0.02 ↓ -3.27%
Render Render (RENDER) $4.01 ↓ -4.05%
Worldcoin Worldcoin (WLD) $1.12 ↓ -5.83%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.78 ↓ -2.80%
Sky Sky (SKY) $0.09 ↑ 3.02%
Sei Sei (SEI) $0.32 ↓ -2.48%
Cosmos Cosmos (ATOM) $4.57 ↓ -4.16%
Filecoin Filecoin (FIL) $2.56 ↓ -3.80%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.72 ↓ -5.42%
SPX6900 SPX6900 (SPX) $1.72 ↓ -6.36%
Jupiter Jupiter (JUP) $0.52 ↓ -5.74%
Flare Flare (FLR) $0.02 ↓ -6.50%
Story Story (IP) $5.21 ↓ -7.51%
KuCoin Token KuCoin Token (KCS) $12.01 ↓ -1.40%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.03%
Quant Quant (QNT) $119.19 ↓ -2.49%
Curve DAO Token Curve DAO Token (CRV) $1.04 ↑ 1.07%
XDC Network XDC Network (XDC) $0.09 ↓ -1.27%
Celestia Celestia (TIA) $1.86 ↓ -1.19%
Injective Injective (INJ) $13.30 ↓ -4.69%
Fartcoin Fartcoin (FARTCOIN) $1.30 ↓ -8.92%
Four Four (FORM) $3.36 ↓ -5.24%
Stacks Stacks (STX) $0.77 ↓ -4.63%
Optimism Optimism (OP) $0.69 ↓ -4.09%
FLOKI FLOKI (FLOKI) $0.00 ↓ -6.17%
Immutable Immutable (IMX) $0.54 ↓ -3.91%
dogwifhat dogwifhat (WIF) $1.02 ↓ -7.00%
The Graph The Graph (GRT) $0.10 ↓ -4.38%
Ethereum Name Service Ethereum Name Service (ENS) $27.54 ↓ -6.46%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.51 ↓ -6.90%
Kaia Kaia (KAIA) $0.16 ↓ -3.01%
Lido DAO Lido DAO (LDO) $1.07 ↓ -4.17%
PAX Gold PAX Gold (PAXG) $3,342.95 ↓ -1.12%
Sonic Sonic (S) $0.32 ↓ -4.36%
Conflux Conflux (CFX) $0.18 ↓ -3.20%
Tezos Tezos (XTZ) $0.86 ↓ -5.81%
PancakeSwap PancakeSwap (CAKE) $2.64 ↓ -0.74%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -17.23%
Vaulta Vaulta (A) $0.56 ↓ -5.40%
Theta Network Theta Network (THETA) $0.85 ↓ -4.31%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.01%
Nexo Nexo (NEXO) $1.31 ↓ -0.47%
Tether Gold Tether Gold (XAUt) $3,335.91 ↓ -1.17%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -6.93%
IOTA IOTA (IOTA) $0.20 ↓ -3.35%
Gala Gala (GALA) $0.02 ↓ -5.40%
Raydium Raydium (RAY) $2.86 ↓ -9.68%
The Sandbox The Sandbox (SAND) $0.29 ↓ -4.09%
Aerodrome Finance Aerodrome Finance (AERO) $0.86 ↓ -4.69%
Pendle Pendle (PENDLE) $4.44 ↓ -0.76%
Pyth Network Pyth Network (PYTH) $0.12 ↓ -4.42%
Jito Jito (JTO) $1.92 ↓ -7.53%
Home Cryptocurrency

SUSHI Coin Weekly Analysis And Price Prediction

Trying to break the downtrend, SUSHI (Sushiswap) may face complex buying if it can stay above $1,225 - support and resistance points.

Behcet Ekici by Behcet Ekici
27 April 2023
in Cryptocurrency
Reading Time: 3 mins read
0
What is SUSHI Coin?
YouTube video

This article will analyze the SUSHI coin according to coinmarketcap data. First, we will discuss the SUSHI coin and its projects and make technical and graphic analyses. The analysis we will do in the weekly period will help the investors to take risks and manage their portfolios.

Table of Contents

Toggle
  • What is SUSHI Coin?
    • YOU MAY BE INTERESTED
    • Troller Cat Rockets 1833%: Best New Meme Coins to Buy Today as Shiba Inu and Neiro Pull Back
    • Pi Network’s Future Unveiled: Price Predictions and Key Milestones Ahead
    • What are the projects of SUSHI?
      • Factors Influencing SUSHI Price
        • SUSHI COİN TECHNICAL ANALYSIS
          • SUSHI Chart Analysis
        • It may get your attention:

What is SUSHI Coin?

SushiSwap (SUSHI) is a decentralized cryptocurrency exchange built on the Ethereum blockchain. It is a community-driven project that aims to provide an alternative to centralized exchanges by allowing users to trade cryptocurrencies in a trustless and decentralized manner.

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What are the projects of SUSHI?

SushiSwap has several projects in development, including:

BentoBox: A lending platform that allows users to earn interest on their cryptocurrency holdings.

Kashi: A margin trading platform that enables users to trade with leverage and earn interest on their collateral.

MISO: A platform for launching new cryptocurrency projects and conducting initial DEX offerings (IDO).

SUSHI Coin Weekly Analysis And Price Prediction

Factors Influencing SUSHI Price

The price of SushiSwap coin, like any other cryptocurrency, is influenced by various factors, including:

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Market demand:The price of SUSHI is determined mainly by supply and demand dynamics. The price is likely to increase if there is high demand for SUSHI and limited supply.

Adoption:The more users and projects that adopt SushiSwap, the more valuable it becomes, indicating more excellent utility and demand for the token.

Competition:SushiSwap faces competition from decentralized exchanges (DEXs), such as Uniswap and PancakeSwap. The success of these competitors can impact SushiSwap’s price.

Regulatory changes:Changes in regulations or government policies that affect the cryptocurrency industry as a whole can impact the price of SUSHI.

Technical developments:Improvements to the SushiSwap protocol, such as faster transaction times and lower fees, can make the platform more attractive to users, positively impacting the price of SUSHI.

SUSHI COİN TECHNICAL ANALYSIS

SUSHI coin, which entered a downtrend from $ 23 in May 2021, decreased by 96% until June 2022 and regressed to $ 0.922. SUSHI, which started to rise with the purchase in the market at the beginning of 2023, rose to $ 1.70 but is currently trading at $ 1.037. According to coinmarketcap data, SUSHI, which has a size of $238,765,920, has had a volume of $20,654,598 in the last twenty-four hours.

sushi coin analysis 27-04-23

SUSHI Chart Analysis

SUSHI Coin, which fell from $ 23 to $ 0.922 with a decrease of 96%, has tried to recover since January 2023; when we examine its weekly chart, we see that it has still been unable to break the falling trend (red line). SUSHI, which is likely to face selling pressure as it stays under the downtrend, this week’s support area is $0.922, while the weekly resistance area is $1,225, which is the downtrend line.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their research when deciding. This article does not include investment advice or suggestions. Every investment and trading move involves risk, and readers should perform their analysis when determining.

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Behcet Ekici

Behcet Ekici

Technical analyst/ Financial Analyst / Writer/ Content Editor My name is Behçet Ekici, and I am a content writer with a focus on technical analysis in the world of cryptocurrency. With years of experience writing in the industry, I have developed a keen understanding of how to analyze market trends and provide valuable insights to readers.

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