Sushi (SUSHI) price shows readiness to move higher after it recently overcame a key hurdle.
Sushi price has overcome a resistance level at $1.628, showing bullish strength. If the $1.628 level holds, investors can expect SUSHI to kickstart a 70% rally to $2.78. A breakdown of the $1.012 level would invalidate the bullish thesis. Sushi price shows readiness to move higher after it recently overcame a key hurdle. If the market outlook remains unchanged or improves favoring the bulls SUSHI could trigger a massive upswing.
-week chart On the other hand, if Sushi price breaks the $1.267 intermediate support level, it would signal weakness. If the selling pressure continues to build, SUSHI could slide lower and tag the $1.012 barrier. A breakdown of this level would create a lower low and invalidate the bullish thesis for SUSHI. In such a case, Sushi price would risk a 22% correction to the weekly imbalance, extending from $0.792 to $0.642.
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