In this Sushi technical analysis, we will examine the current price action, trading volume, key levels and indicators for SUSHI-BTC. Sushi (SUSHI) is a decentralized finance (DeFi) platform that enables users to earn rewards in the form of cryptocurrencies by providing liquidity to various DeFi protocols. With its innovative mechanism design, Sushi aims to provide a more accessible and user-friendly experience for those looking to participate in the DeFi ecosystem. By leveraging the power of blockchain technology, Sushi is poised to revolutionize the way we think about financial services and reward distribution.
Sushi Price Overview:
As of May 13, 2024, Sushi is trading at approximately 2e-05 BTC. Let’s dive into the detailed price action for SUSHI-BTC:
| Metric | Value |
|---|---|
| Open (O) | 2e-05 |
| High (H) | 2e-05 |
| Low (L) | 2e-05 |
| Close (C) | 2e-05 |
| Volume (C) | 46,693.60 |
- Open (O): The opening price for today’s trading session was approximately 2e-05 BTC.
- High (H): Sushi reached a daily high of around 2e-05 BTC.
- Low (L): The daily low for SUSHI-BTC was approximately 2e-05 BTC.
- Close (C): At the time of analysis, Sushi is trading near its daily close of 2e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.45% |
| 3D Change (%) | -1.89% |
| 7D Change (%) | 4.91% |
| 30D Change (%) | 18.26% |
| 90D Change (%) | -28.24% |
| YTD Change (%) | -42.27% |
Over the past three days, SUSHIBTC has declined by approximately -1.89%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 4.91%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with SUSHIBTC maintaining an upward trend of approximately 18.26%, despite intermittent fluctuations. Examining the last 90 days, SUSHIBTC has witnessed substantial decline of approximately -28.24%, reflecting strong long-term confidence. Year-to-date, SUSHIBTC has steadily depreciated by around -42.27%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Sushi Live Chart:
You can access a live price chart for SUSHI-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.50139.
- Momentum score is 0.08709.
SUSHI BTC Technical Analysis
Sushi Trading Volume:
The trading volume for Sushi (SUSHI) over the past 24 hours has been insignificant, with approximately 46,693.60 BTC traded against SUSHI. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): SUSHI is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Sushi is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for SUSHI-BTC is currently in the low zone, around 43.33329. This suggests that Sushi is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Sushi (SUSHI-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Delve into potential challenges for Sushi (SUSHIBTC) at 1.71e-05 BTC, guided by bearish technical analysis emphasizing weakened support and cautionary indicators.
Don’t overlook our detailed insights on SUSHI USDT Sushi Technical Analysis if you found this post captivating; it’s a must-read for further exploration.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.