DU09

SUSHI/USD - Refueling before $9!

Long
BINANCE:SUSHIUSDT   SUSHI / TetherUS
SUSHI has reached quite an unexpected price in such a short time! Almost $8... after an amazing run from .50 cents! Congrats to anyone that held until this price!

If you are looking for the next possible target, then Sushi may attempt to reach its previous ATH levels at around $9 as indicated by the daily resistance line.

Therefore, if this correction is not sustained, we should find support at $6 or $5 after which price should resume it's ascending move.

However, there are some signs of concern with MACD on daily ticking lower on the histogram, indicating momentum may be fading, at least for now and RSI is turning down.

If we fall below the $5 level then I would be concerned and turn bearish as that would indicate we may have made a local top and price will take time to recover back.

The current drop was triggered by ETH being rejected from ATH level, but it may quickly recover at which point the market should resume its up-trend. So keep an eye on ETH.

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