SushiSwap (SUSHI): A Detailed Analysis of SUSHI’s Recent Surge and What to Expect Next

SushiSwap (SUSHI): A Detailed Analysis of SUSHI’s Recent Surge and What to Expect Next

SushiSwap (SUSHI) cryptocurrency logo by coinsprobe

/ SushiSwap’s SUSHI token surges +20%, hitting $0.7732. Explore factors behind the rise and what’s next at $0.78 resistance level.

By Nilesh Hembade.

Date: 01 Nov 2023, 10:55AM IST

SushiSwap (SUSHI) has once again taken center stage in the cryptocurrency market, securing its position as one of the top gainers with an impressive 24-hour surge of +20%. As of the latest data, the SUSHI token is now trading at $0.7732, boasting a market capitalization of $178 million, while the daily trading volume experienced a substantial spike, increasing by +571%, according to data from coinmarketcap.

Factor behind the SushiSwap SUSHI token surge

After taking strong support from the $0.53 level, the SUSHI token broke the downward resistance trendline on October 26 at the price level of $0.6175 which impacted the surge in SUSHI today.

SUSHISWAP-SUSHI-CRYPTOCURRENCY CHART-
source: TradingView

What’s Next for the SushiSwap SUSHI token?

Looking ahead, the burning question on the minds of investors and crypto enthusiasts is, “What can we expect next for the SushiSwap SUSHI token?” Currently, the token finds itself at the critical resistance level of $0.78. If this level is breached successfully, it may pave the way for a strong bullish momentum in the SushiSwap SUSHI token, potentially setting the stage for further price appreciation and exciting developments in the SushiSwap ecosystem. As the cryptocurrency market continues to evolve, all eyes will be on SUSHI, waiting to see how this resilient token performs in the coming days and weeks.

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