SushiSwap Price Prediction for Today, December 6

SushiSwap Price Prediction for Today, December 6 – SUSHI Technical Analysis

Updated: 06 December 2023

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The SushiSwap price prediction shows that SUSHI could be ready for the uptrend, and it may fundamentally break above the $1.50 level.

SushiSwap Prediction Statistics Data:

SushiSwap price now – $1.37
SushiSwap market cap – $312.9 million
SushiSwap circulating supply – 231.9 million
SushiSwap total supply – 250.2 million
SushiSwap CoinMarketCap ranking – #135

SUSHI/USD Market

Key Levels:

Resistance levels: $1.70, $1.80, $1.90

Support levels: $1.00, $0.90, $0.80

SushiSwap Price Prediction for Today, December 6 – SUSHI Technical Analysis — SUSHIUSD – Daily Chart

SUSHI/USD is trading positively above the 9-day and 21-day moving averages to increase the bullish movement. Meanwhile, the cryptocurrency might kick-start another bullish run above the upper boundary of the channel if the bulls increase the pressure. However, any positive break above this barrier is the first signal needed for the buyers to press higher.

SushiSwap Price Prediction: SushiSwap (SUSHI) Trades Positively

The SushiSwap price is looking green today, if the buyers begin to grind higher, the first resistance level may come at $1.50 as this could also be followed by $1.60. However, additional resistance levels can then be found at $1.70, $1.80, and $1.90. On the other side, if the SushiSwap price slides and heads toward the lower boundary of the channel, it could hit the first support level at $1.180.

However, crossing below the lower boundary of the channel may lead to the critical support levels at $1.00, $0.90, and $5.0 respectively. The 9-day MA is still above the 21-day MA, which indicates that buyers may continue to gain control of the market.

SUSHI/BTC Moves to the East

Against Bitcoin, the daily chart shows that the SushiSwap price is attempting to stay above the 9-day and 21-day moving averages. As soon as the price stables above this barrier, there is a possibility that additional gains could be obtained. Therefore, the next resistance level is close to the 3500 SAT level. If the price keeps rising, it could even break the 4000 SAT and above.

However, if bears regroup and slide below the moving averages, 3000 SAT support may play out before rolling to the critical support at 2300 SAT and below. Meanwhile, the 9-day MA is still hovering above the 21-day MA, suggesting bullish movement at the moment.

SushiSwap Alternatives

Looking at the daily chart, the SushiSwap (SUSHI) is currently priced at $1.37, holding above moving averages. A potential upward movement may occur if bullish pressure strengthens, requiring a focus on bullish momentum to counter downward pressure. The closest support is at $1.10, possibly representing the daily low. Stay tuned for market updates.

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