SUSHI has set a new ATH today at $20.7. Impressive.
There is a lot of strength behind SUSHI and this will not vanish any time soon. RSI on daily has been hovering above 50 for months - this is very bullish.
There is no reason to be bearish on SUSHI at this time and until we break this ascending channel and drop on daily RSI under 50, I see no reason to be concerned.
Today we got rejected from our ATH pretty quickly, mostly because BTC decided to take a break in its ascent. Nevertheless, after this correction is over and we touch our support line, we should push higher.
We did hover in this range between $13 and $20 for some time now. So keep a close eye on how this will resolve. A breakout will likely trigger a significant reaction in price.
Bias remains bullish for now. But watch BTC as it will set the tone.
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