0x and SushiSwap prices are bottoming up, with SUSHI/USDT buyers aiming for $23. On the other hand, ZRX/USDT is on course to reach $3 if bulls overcome $2. SushiSwap (SUSHI) The Uniswap fork is a high-volume AMM using SUSHI tokens for governance. Past Performance of SUSHI In the last 24 hours, the SUSHI price is up roughly 10 percent, trading at $17 as of writing on May 7. At the same time, SUSHI has outperformed BTC—up 11 percent, and ETH—adding 10 percent. On the last trading day, trading volumes are also up 147 percent to $1.5 billion. Day-Ahead and What to Expect in SushiSwap From SUSHI technical analysis, the uptrend is valid. SUSHI prices found support at the 61.8 percent Fibonacci retracement level of the Q1 2021 range. Immediate buy target as bulls flow back remains at Mar 2021 highs at around $23. However, the pace of the uptrend and higher highs largely depends on the rapidity of the breakout above $17. SUSHI/USDT Price Analysis Despite SUSHI dropping roughly 40 percent from Mar 2021 peaks, buyers maintain control. In the short term, $17—Apr 2021 high—is the immediate resistance. A firm close above this mark and SUSHI bulls may drive prices back to $23 in buy trend continuation. On the flip side, a reversal back to last month’s consolidation may see SUSHI recoil back to $11. 0x Protocol (ZRX) Through the 0x Protocol DEX, traders can reliably swap ERC-20 tokens. The dApp’s native token is ZRX. Past Performance of ZRX The ZRX remains mostly in consolidation, oscillating between at $0.9 zone with caps at $1.1 and $2, respectively. Overly, the path of the least resistance is up. On the last day, trading volumes doubled to $462 million. At the same time, ZRX prices added roughly nine percent versus BTC, ETH, and USD. Day-Ahead and What to Expect ZRX technical analysis favor buyers. However, short-term trend definition is heavily reliant on the reaction at the immediate sell wall. A close above $2 may open up doors for further price gains. It is especially fitting since ZRX/USDT prices are in range-mode inside Apr 2021 trade range, finding support from Mar 2021 lows. ZRX/USD Price Forecast From ZRX price analysis, buyers are in control—in sync with most DeFi governance tokens. Reversing from $1.1, a close above $2 and Apr 2021 highs, opens the door for $3—the 1.618 Fibonacci extension level of the Q1 2021 range. Risk-averse traders can wait for a comprehensive—possibly high volume close above $2—before loading the ZRX price dips.
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