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Cryptopolitan 2021-09-13 13:46:57

Sushiswap Price Analysis: SUSHI sees a rapid spike from $12 to $10 support, another rally to follow?

TL;DR Breakdown Sushiswap price analysis is bullish for today.SUSHI/USD saw a drop overnight after a brief test of $12 resistance.Sushiswap still holds the $10 support. Sushiswap price analysis is bullish for today as the market saw a quick spike from $12 resistance to $10 support. From there, SUSHI/USD rejected further downside, likely leading to another rally over the next 24 hours. Cryptocurrency heat map. Source: Coin360 The overall market traded mostly in the red over the last 24 hours. The market leader, Bitcoin, lost 1.48 percent, while Ethereum lost 4.35 percent. Meanwhile, Polkadot (DOT) is the best performer, with a gain of more than 8 percent.  Sushiswap price movement in the last 24 hours: Sushiswap saw a quick spike back to the $10 support SUSHI/USD traded in a range of $10.13 – $12.04, indicating strong volatility over the last 24 hours. Trading volume has spiked by 99.94 percent and totals $435.1 billion, while the total market cap trades around $1.335 billion, ranking the coin in 78th place overall. SUSHI/USD 4-hour chart: SUSHI ready to rally again? On the 4-hour chart, we can see the Sushiswap price reversing again as bulls prepare to retest the $12 resistance again. SUSHI/USD 4-hour chart. Source: TradingView The overall Sushiswap price action has seen substantial volatility over the past weeks. After peaking at around $14.8 on the 20th of August, SUSHI/USD saw a decline to $11 initially. Aft...

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