NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Sushiswap Cracks 24% Gains As Market Rebounds; Is This A Fakeout?

jamesobande
jamesobande
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • SUSHI price shows real relief signs after a long while, as the price could be set to retest at $2.5 if this trend needs to be sustained. 
  • SUSHI tops the crypto price as it cracks over 24% gain in less than 24 hours. 
  • The price of SUSHI shows bullish signs as the price reclaims the 50 Exponential Moving Average (EMA) with good volume. 

The price of Sushiswap (SUSHI) has recently struggled to reclaim its bullish strength against tether (USDT), rallying from a low of $0.5 to $20. The crypto market faced a new setback as Bitcoin’s (BTC) price dropped from $19,000 to $18,100 as the Consumer Price Index (CPI) suggested an increase in inflation, affecting the price of BTC negatively, with altcoins affected. Still, the likes of Sushiswap (SUSHI) have shown incredible strength. (Data from Binance)

Related Reading

Dogecoin

Dogecoin Can Regain Losses If DOGE Extricates Itself From This Level

2 years ago

Sushiswap (SUSHI) Price Analysis On The Weekly Chart

After seeing the market drop instantly with the CPI news, the market rebounded as what looked like a short squeeze, with Bitcoin (BTC) rallying from a low of $18,200 with what seems to be a demand zone for most buyers and institutions. The price bounce has been a catalyst for most altcoins, including SUSHI, producing over 24% gains in less than 24 hours of movement. 

It’s still yet to be seen if this bounce is a fakeout or will be sustained as Bitcoin Dominance continues to rise; this will impact the price of altcoins, especially when BTC retraces, causing more retracement for altcoins.

October started looking rosy for altcoins, as altcoins had significant strength to rally. Many traders hope this will be a month of Uptober for the crypto industry haven experienced a tough bear season.

The price of SUSHI saw its price rally from a low of $0.5 to an all-time high of $20, but that region soon rejected the price, and SUSHI has struggled to rekindle that bullish run as price declined to a low of $1.

But the price of SUSHI seems to have found its mojo as price gears for a rally to a high of $2.5 if this current structure remains intact.

Weekly resistance for the price of SUSHI – $2.5.

Weekly support for the price of SUSHI – $1.

Price Analysis Of SUSHI On The Daily (1D) Chart

Daily SUSHI Price Chart | Source: SUSHIUSDT On Tradingview.com

The daily timeframe for the price of SUSHI looks good, showing incredible strength as the price reclaimed the 50 Exponential Moving Average (EMA), acting as resistance for SUSHI’s price on the daily timeframe. The price of $1.2 corresponds to the 50 EMA acting as support for the SUSHI price. 

SUSHI’s price is faced with the task of flipping key resistance at $1.6 into support; if the price of SUSHI succeeds, we could see a rally to $2.

Daily resistance for the price of SUSHI – $1.6.

Daily support for the price of SUSHI – $1.2.

Related Reading

Uniswap

Uniswap Soars 14% In Last 24 Hours – Can UNI Slingshot Past $6?

2 years ago
Featured Image From NBTC, Charts From Tradingview 
Tweet123Share196ShareSend
jamesobande
jamesobande

jamesobande

James is a blockchain writer and technical Analyst with more than five years of experience in the crypto space.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

Ethereum Price Squeezed In Falling Channel – Bulls Eye Rebound To $4,788 If This Support Holds

Ethereum is currently under pressure inside a falling channel, consolidating after its recent rally. With $4,150 acting as key support,...

Godspower Owie 2 weeks ago
Solana

Solana Is Not Dead? This Upper Boundary Retest Could Set The Stage For $268

Solana (SOL) has once again stepped into the spotlight as analysts weigh in on its potential price trajectory. Despite recent...

Scott Matherson 2 weeks ago
bitcoin-hyper-phase-finale-prevente

Projet Bitcoin Hyper cross-chain : prévente en phase finale

En août 2025, nous observons une effervescence rare autour de Bitcoin Hyper, un projet cross-chain inédit qui combine la sécurité...

guillaumev 2 weeks ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

ripple xrp xrpusd (2)

Whale Sell-Off and ETF Uncertainty Drag XRP Lower: Is $2.8 Just a Stop Before Deeper Losses?

James Halver 2 weeks ago
ethereum eth ethusd (1)

Ethereum Nears $4K as $4B Supply Overhang Looms: Analysts Fear Deeper Losses

James Halver 2 weeks ago
Crypto

New Crypto Assets Group Backed By Trump Gets Green Light

Christian Encila 2 weeks ago

Premium Sponsors

Press Releases

  • Seize the XRP Surge: ETHRANSACTION Mining Platform Allows...

    2 weeks ago
  • Négy altcoin, amely több mint 200%-os növekedési potenciállal rendelkezik|Új történelmi csúcs a Bitcoin árfolyamában

    Négy altcoin, amely több mint 200%-os növekedési...

    2 weeks ago
  • Cztery altcoiny z potencjałem wzrostu powyżej 200%|Nowe rekordy cenowe Bitcoina

    Cztery altcoiny z potencjałem wzrostu powyżej 200%|Nowe...

    2 weeks ago
  • HTX Launches 12th-Anniversary Carnival and Embarks on a New...

    2 weeks ago
  • 仮想通貨 おすすめ:Token6900が急成長、次のビッグミームコイン候補か?

    TOKEN6900 プレセールが220万ドル突破 –...

    2 weeks ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.