- SushiSwap breaks out of a horizontal range and forms an ascending pattern on the daily chart.
- SushiSwap price tapped $1.5 high on the daily chart, with key resistance present at $1.7.
- SUSHI price has sought support at around $1.2, forming higher lows on the daily chart.
SushiSwap‘s recent price analysis shows the cryptocurrency has experienced a positive run in the past week, with a break out of its horizontal range. On the daily chart, SushiSwap has formed higher highs and higher lows, suggesting a continuation of the bullish trend in the coming days. The token is currently trading near $1.5, with key resistance at around $1.7. On the other hand, SUSHI has also sought support at around the $1.2 level, forming higher lows on the daily chart.
SushiSwap price chart: Coinmarketcap
SushiSwap is exchanging hands at $1.47 at the time of writing. The bullish momentum is expected to carry on if SUSHI breaks above $1.7, with the next target being around $2. Although, one should keep an eye out for a potential pullback if resistance presents itself at the key level of $1.7.
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