As the day progresses, SUSHI presents a promising yet complex scenario in the cryptocurrency market. Positioned above its pivot price, SUSHI seems to be on a bullish trajectory. Nonetheless, given the inherent volatility of the crypto market, investors and traders should exercise caution, considering both potential gains and risks.
SUSHI Price Target Today
November 20, 2023, marks a notable day for SushiSwap’s SUSHI Coin, trading at $1.0666 as of 3:17am UTC. This price slightly surpasses the pivot price of $1.053, suggesting a bullish trend following its recovery from yesterday’s low of $0.9693.
This chart is generated from Tradingview.com: https://in.tradingview.com/chart/?symbol=BINANCE:SUSHIUSDT.P
SUSHI Price Prediction Today
Currently, SUSHI’s position above its pivot price hints at potential for an upward trajectory. If the bullish momentum sustains, SUSHI may challenge the first resistance level at $1.101. Further gains could lead to SUSHI targeting $1.131 and eventually hitting the mark of $1.179. However, in the unpredictable crypto market, a bearish shift could occur. Should this happen, SUSHI might retract to support levels at $1.005, then $0.975, and possibly down to $0.927.
SUSHI Price Prediction Nov 20, 2023
Yesterday’s SUSHI/USDT trading data offers insights for today’s market expectations. SUSHI moved between a low of $0.9693 and a high of $1.0970, showing resilience in the market. This trading pattern, paired with today’s bullish outset, suggests SUSHI could surpass its near-term resistance levels. Conversely, a market downturn could see SUSHI retracting towards its support levels, following the trajectory of yesterday’s low.
SUSHI/USDT Daily Chart Analysis for Yesterday
The analysis of yesterday’s SUSHI/USDT chart reveals significant market activity, with SUSHI rebounding from its daily low and closing near the high. If this bullish trend continues into today, SUSHI might successfully breach its resistance levels, using yesterday’s high as an initial target. On the other hand, a bearish reversal could lead SUSHI to test the support levels observed in yesterday’s trading.
Disclaimer: This SUSHI price prediction is for educational purposes only and is not intended as financial advice. Investors should conduct their research and consult with financial experts before making any investment decisions.