<strong><em>SUSHI prices experience a surge in the underlying bullishness as the market prices surpass the long-coming resistance trendline.  </em></strong>
<h3>Key technical points:</h3>
<ul>
 	<li>The SUSHI market price has appreciated 0.55% over the past 24 hours.</li>
 	<li>The price action teases a breakout rally of the falling channel.</li>
 	<li>The 24-hour trading volume of Sushiswap is $76.05 Million, indicating a hike of 23%.</li>
</ul>
<h2>Past Performance of SUSHI</h2>
The <a href="https://coincodex.com/crypto/sushi/">SUSHI price</a> chart showcases a falling trend under the influence of a resistance trendline, accounting for a drop of 80% to a low of $0.85. However, buyers immediately overtook the trend control resulting in a price jump to $1.25, accounting for a 35% appreciation last week.

<img class="alignnone" src="https://s3.tradingview.com/snapshots/o/oNle6sdE.png" alt="SUSHI/USD Price Chart" width="1834" height="859" />

<strong>Source- </strong><a href="https://www.tradingview.com/x/oNle6sdE/" target="_blank" rel="noopener">Tradingview</a>
<h2><span style="font-weight: normal">SUSHI Technical Analysis </span></h2>
<a href="https://www.cryptoknowmics.com/news/sushiswap-in-a-bear-flag/">SUSHI</a> price action displays an upward trend after the trendline breakout, but the higher price rejection candles in the daily chart signify a possible reversal. Therefore, those hoping for a bull run should be patient for the market price to sustain above $1.25. The DMI indicator indicates a weak spot in the bearish trend as the DI lines prepare for a bullish crossover. Thus, the trend reversal crossover could show a potential buying opportunity for traders.

The RSI indicator shows an upward trend, which reverses from the oversold boundary and gradually advances towards the halfway point. The 14-day SMA displays a trend higher than the 30% mark; however, the impact of bulls grows slowly. The MACD indicator shows the fast and slow lines that return to a positive direction from the zero line while remaining clear of the bearish cross. Furthermore, the bullish trend in the histogram's return shows an increase in buying pressure. In a nutshell, the SUSHI price action forecasts a breakout rally surpassing the $1.50 mark.
<h2><span style="font-weight: normal">Upcoming Trend</span></h2>
Considering the breakout rally sustains above $1.25, SUSHI prices will soar to $1.50 with the support of increased trading volume.

<strong>Resistance Levels:</strong> $1.50 and $1.72

<strong>Support Levels:</strong> $1 and $0.85

SUSHI Technical Analysis: Sushi Prices Skyrocket With Trendline Breakout

SUSHI Technical Analysis shows prices experiencing a surge in the underlying bullishness as the market prices surpass the long-coming resistance trendline.  

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

SUSHI Technical Analysis: Sushi Prices Skyrocket With Trendline Breakout

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