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 cryptocurrency that utilizes a novel consensus algorithm called “Multi-Chain Proof of Stake” (MCPoS), which allows for faster and more secure transactions. With Sushi, users can enjoy a wide range of features such as anonymous transactions, decentralized governance, and cross-chain interoperability. Additionally, Sushi’s unique “Tangle” technology enables the creation of smart contracts that are both flexible and highly scalable.
Sushi Price Overview:
As of October 02, 2023, 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) | 73,862.40 |
- 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 (%) | -3.61% |
| 3D Change (%) | -2.46% |
| 7D Change (%) | -4.90% |
| 30D Change (%) | -2.82% |
| 90D Change (%) | -5.19% |
| YTD Change (%) | -61.77% |
Over the past three days, SUSHIBTC has decreased by approximately -2.46%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -4.90%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with SUSHIBTC maintaining a downward trend of approximately -2.82%, despite intermittent fluctuations. Examining the last 90 days, SUSHIBTC has witnessed substantial decrease of approximately -5.19%, reflecting strong long-term confidence. Year-to-date, SUSHIBTC has steadily decreased by around -61.77%, 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 0.32272.
- Momentum score is -0.02819.
SUSHI BTC Technical Analysis
Sushi Trading Volume:
The trading volume for Sushi (SUSHI) over the past 24 hours has been significant, with approximately 73,862.40 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 43.24127. 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 significant trading volume are low signals for potential downward movement.
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.
