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The SushiSwap price prediction shows that SUSHI may cross above the channel’s upper boundary as the coin touches the $1.05 resistance.
SushiSwap Governance Proposal Recommends Transferring DAO Treasury Assets to New Sushi Labs Vault
A new SushiSwap governance proposal recommends moving assets from the DAO-controlled treasury to a new treasury managed by Sushi Labs, ensuring that all future airdrops are directed to the Sushi Labs vault.
SushiSwap Prediction Statistics Data:
- SushiSwap price now – $1.00
- SushiSwap market cap – $266.8 million
- SushiSwap circulating supply – 248.2 million
- SushiSwap total supply – 263.5 million
- SushiSwap Coinmarketcap ranking – #240
SUSHI/USD Market
Key Levels:
Resistance levels: $1.65, $1.70, $1.75
Support levels: $0.40, $0.35, $0.30
SUSHI/USD is likely to refresh to the upside as the coin currently trades at $1.00 consolidating within the channel. Today, the SushiSwap price is likely to stay below the 9-day and 21-day moving averages as the lower support may come at the $0.80 resistance level.
SushiSwap Price Prediction: SushiSwap Price May Face Downtrend
The SushiSwap price is likely to follow the bearish movement if the price moves to cross below the lower boundary of the channel. Currently, the 9-day MA may cross below the 21-day moving average and this could send bearish signals to discourage buyers from entering into the market.
On the other hand, if the 9-day MA crosses above the 21-day MA, it is likely for the coin to face the north, and the price could hit the nearest resistance levels at $1.65, $1.70, and $1.75 respectively. Therefore, if the coin slides below the support level of $0.90, there may be a little retreat to the south which could bring the market to the support levels of $0.40, $0.35, and $0.30.
SUSHI/BTC Not Ready for the Upside
Against Bitcoin, SushiSwap (SUSHI) stays below the 9-day and 21-day moving averages as the price gives a bearish signal. However, the fact that the market keeps consolidating, the crypto is likely to form a bearish movement below as the sellers move the price toward the lower boundary of the channel.
However, if the buyers push the market price above the moving averages and head toward the upper boundary of the channel, the SushiSwap price may touch the resistance level of 2500 SAT and above. Meanwhile, any strong selling pressure may bring the price toward the lower boundary of the channel, and this could attract new sellers coming into the market with the next focus on the support level of 800 SAT and below.
Moreover, @GlobeOfcrypto1 updated his followers on X (formerly Twitter) about $SUSHI’s performance, noting it is growing as anticipated with a 26% profit achieved so far! He emphasized the importance of staying informed and keeping an eye on $SUSHI’s progress, as the token continues to show strong potential for further gains.
Growing as expected.
26% profit so far !!!#Crypto #Binance #Bitcoin #SUSHI #SUSHIUSDT https://t.co/TwDkQcVhWC pic.twitter.com/vVlXstmq4q
— Globe Of Crypto (@GlobeOfcrypto1) May 10, 2024
SushiSwap Alternatives
SushiSwap (SUSHI) is poised to break above the $1.20 resistance level, indicating potential for upward movement if the market remains bullish. Meanwhile, Dogeverse ($DOGEVERSE) is in the final stages of its presale, which has already raised $15 million and continues to attract significant interest. The strong demand for Dogeverse suggests it could experience a substantial pump upon its initial listings. This presents an exciting opportunity, especially considering SushiSwap’s market cap of $266.8 million.
Hurry Up: 100x Presale Ending Shortly!
Nonetheless, time is running out to secure your stake in an incredible opportunity! The 100x presale is ending shortly, and now is your chance to invest in this promising Dogeverse token before it launches. With the potential for substantial returns, early investors stand to gain the most.
You can benefit from Dogeverse today.
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