SushiSwap – a successor of Uniswap is intended to bring more people into is a software running on Ethereum that seeks to incentivize a network of users to operate a platform where users can buy and sell crypto assets. Based on assets uploaded on smart contracts, a liquidity pool is created for trading. Price Analysis As of February 27, the current price of SUSHI is $13.808 and as per various indicators, the asset price has been stagnating for the past 1 year (or since its inception). Sushi has been showing a declining tendency, so we believe that similar market segments were mildly popular in the given time frame. https://ift.tt/3dQJfop SUSHI has climbed higher by 17.04% during the last 24 hours. It has touched many peaks in February. It was at $15.94 on February 16. While it fell to $14.71 on February 17, it again hit a new high of $19.03 on February 21. The 24-hour volume of this cryptocurrency is $1,000,773,397.59. In the last 24 hours, SUSHI recorded the highest price at $16.22, while its lowest was $13.38. The highest SUSHI price in the last 7 days was $19.33, and the lowest price was $12.88. The exchange rate SUSHI in the last 30 days increased by 109.24%. SUSHI in the News More users are understanding the usability and looking to join the early bull run. It will improve SushiSwap’s revenue and hence the token’s prospects. Regardless of SUSHI’s increasing utility, it seems like whales are preparing for a steep correction on SUSHI price. Sentiment holder distribution index reveals that the number of addresses holding between 1 and 10 million SUSHI has significantly decreased since February 13. Roughly five whales have left the network or redistributed their tokens, representing a 36% decline. During this period, the SushiSwap price dropped by 19%. Such market behavior indicates that lower lows will likely follow a continuous exodus of whales on the network. SUSHI’s price is otherwise stable and the significant interest will stop the price decline. However, no major resistance barriers are seen ahead and the price may cross $15.67.
The post SUSHI May Touch $15.67 as Whales Get Ready – Technical Analysis appeared first on Cryptoknowmics-Crypto News and Media Platform.
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