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SushiSwap token prices are printing higher highs, adding 50 percent from 2022 lows. Still, SUSHI is within a bear flag and inside the May 11 trade range.
Past Performance
SUSHI coin prices are steady, adding three percent in the previous trading day and retesting the middle BB. Although the crypto community is upbeat in the long-term, there could be a revival once SUSHIUSDT breaks above the middle BB. SUSHI crypto is up roughly 50 percent from 2022 lows at spot rates and notably outperforming the USDT.
SushiSwap Technical Analysis
SUSHI technical analysis indicates that the token prices could be bottoming up at spot rates. However, as mentioned earlier, there should be a comprehensive close above the middle BB at the back of increasing trading volumes. Based on this overview, SushiSwap prices are is still within a bear flag and inside the bear bars of May 11 and 12. A close above $1.80 may boost demand in the immediate term, paving the way for $2.30 and $2.70 in the days ahead. On the flip side, if bears flow back and SUSHIUSDT snaps to the dominant trend, losses below $1.25 may quickly diffuse the upside momentum. In that case, SushiSwap prices may dump to $1.10 or worse.
What to Expect from SushiSwap?
There are hints of strengths at spot rates though SUSHI technical analysis reveals that prices are within a bear flag. A close above $1.80 may draw buyers, lifting SUSHI.