SushiSwap receives a weak long-term technical score of 9 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
SUSHI currently holds a superior long-term technical analysis score than 9% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
SUSHI is currently -$0.1000000 (-8.06%) below its 100-day moving average price of $1.290000000 with its current price of $1.190000000. Meanwhile, SushiSwap is $0.3200000 (-1130.85%) above its 52-week low price of $0.870000000 and -$9.42000000 (-83.08%) below its 52-week high of $10.610000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 9. Trends for the long-term trading history of SushiSwap suggest that traders are currently bearish on the token.
SushiSwap has a market capitalization of $150,854,986.59 and a relatively average average daily volume with $484,570,764.65 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, SUSHI’s volume is below its seven day average with 121,706,336.21 exchanged.
This token’s subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.
Trading patterns over the last year for SushiSwap leads to the token’s a weak long-term technical score of 9 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token.
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