- Bullish SUSHI price prediction for 2024 is $2.840 to $5.054.
- SushiSwap (SUSHI) price might reach $10 soon.
- Bearish SUSHIB price prediction for 2024 is $0.772.
In this SushiSwap (SUSHI) price prediction 2024, 2025-2030, we will analyze the price patterns of SUSHI by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
SushiSwap (SUSHI) PRICE PREDICTION 2024 |
|
| SushiSwap (SUSHI) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
SushiSwap (SUSHI) Current Market Status
| Current Price | $2.19 |
| 24 – Hour Trading Volume | $614.82M |
| Market Cap | $574.24M |
| Circulating Supply | 262.58M SUSHI |
[TD]24 – Hour Price Change[/TD]
[TD]11.12% Down[/TD]
[TD]All – Time High[/TD]
[TD]$23.38 (On Mar 14, 2021) [/TD]
[TD]All – Time Low[/TD]
[TD]$0.4533 (On Aug 05, 2024) [/TD]
[/TR]
SUSHI Current Market Status (Source: CoinMarketCap)
What is SushiSwap (SUSHI)
| TICKER | SUSHI |
| BLOCKCHAIN | Ethereum |
| CATEGORY | ERC-20 |
| LAUNCHED ON | August 2020 |
| UTILITIES | Liquidity Provision, Staking (xSUSHI), Governance |
SushiSwap is a decentralized exchange (DEX) built on Ethereum that allows users to trade cryptocurrencies directly from their wallets without relying on intermediaries. It operates as an automated market maker (AMM), using liquidity pools to facilitate trades instead of traditional order books. SushiSwap is designed to be a community-driven platform where users can provide liquidity, earn rewards, and participate in governance using its native token, SUSHI.
In addition to token trading, it offers features like yield farming, staking through xSUSHI, and advanced tools like BentoBox and Kashi for lending, borrowing, and margin trading. With multi-chain support, SushiSwap extends its services to blockchains like Binance Smart Chain, Polygon, and Avalanche, aiming to deliver a seamless and decentralized finance experience.
Recently, Sushi decentralized autonomous organization (DAO) issued a proposal that offers a shift from the protocol’s initial treasury holding in SUSHI to accommodate other assets.
SUSHI 24H Technicals
(Source: TradingView)
SushiSwap (SUSHI) Price Prediction 2024
SushiSwap (SUSHI) ranks 146th on CoinMarketCap in terms of its market capitalization. The SUSHI price prediction for 2024 is explained below with a daily time frame.
SUSHI/USDT Horizontal Channel Pattern (Source: TradingView)
In the above chart, SushiSwap (SUSHI) laid out a Horizontal Channel also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line that connects the highs, and the lower trendline, the line that connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
At the time of analysis, the price of SushiSwap (SUSHI) was recorded at $2.03. If the pattern trend continues, then the price of SUSHI might reach the resistance levels of $2.751, $15.853 and $6.6629. If the trend reverses, then the price of HBAR may fall to the support levels of $1.162 and $0.468.
SushiSwap (SUSHI) Resistance and Support Levels
The chart below elucidates SUSHI’s possible resistance and support levels SushiSwap (SUSHI) in 2024.
SUSHI/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of SushiSwap (SUSHI) for 2024.
| Resistance Level 1 | $2.840 |
| Resistance Level 2 | $5.054 |
| Support Level 1 | $1.496 |
| Support Level 2 | $0.772 |
SUSHI Resistance & Support Levels
SushiSwap (SUSHI) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of SushiSwap (SUSHI) are shown in the chart below.
SUSHI/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current SushiSwap (SUSHI) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.999 Price = $2.052 (50MA < Price) | Bullish/Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 65.156 <30 = Oversold 50-70 = Neutral >70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
SushiSwap (SUSHI) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of SushiSwap (SUSHI) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
SUSHI/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of SushiSwap (SUSHI).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 73.622 | Very Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 46.15 <50 = Low >50 = High | Low volatility |
Comparison of SUSHI with BTC, ETH
Let us now compare the price movements of SushiSwap (SUSHI) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs SUSHI Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of SUSHI is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of SUSHI also increases or decreases respectively.
SushiSwap (SUSHI) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of SushiSwap (SUSHI) between 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| SushiSwap (SUSHI) Price Prediction 2025 | $5.13 | $0.23 |
| SushiSwap (SUSHI) Price Prediction 2026 | $7.56 | $0.28 |
| SushiSwap (SUSHI) Price Prediction 2027 | $10.62 | $0.35 |
| SushiSwap (SUSHI) Price Prediction 2028 | $12.23 | $0.40 |
| SushiSwap (SUSHI) Price Prediction 2029 | $15.98 | $0.47 |
| SushiSwap (SUSHI) Price Prediction 2030 | $20 | $0.5 |
Conclusion
If SushiSwap (SUSHI) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish SushiSwap (SUSHI) price prediction for 2024 is $5.054. Comparatively, if unfavorable sentiment is triggered, the bearish SushiSwap (SUSHI) price prediction for 2024 is $0.772.
If the market momentum and investors’ sentiment positively elevate, then SushiSwap (SUSHI) might hit $10. Furthermore, with future upgrades and advancements in the SUSHI ecosystem, SUSHI might surpass its current all-time high (ATH) of $23.38. and mark its new ATH.
FAQ
1. What is SushiSwap (SUSHI)?
Sushi (SUSHI) is the governance and utility token of SushiSwap, a decentralized exchange (DEX) that facilitates cryptocurrency trading, staking, and yield farming.
2. Where can you purchase SushiSwap (SUSHI)?
SushiSwap (SUSHI) has been listed on many crypto exchanges which include Binance, Huobi Global and OKEx.
3. Will SushiSwap (SUSHI) reach a new ATH soon?
With the ongoing developments and upgrades within the SUSHI Platform, SUSHI has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of SushiSwap (SUSHI)?
On Mar 14, 2021, SushiSwap (SUSHI) reached its new all-time high (ATH) of $23.38.
5. What is the lowest price of SushiSwap (SUSHI)?
According to CoinMarketCap, SUSHI hit its all-time low (ATL) of $0.4533, On Aug 05, 2024.
6. Will SushiSwap (SUSHI) reach $5?
If SushiSwap (SUSHI) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.
7. What will be SushiSwap (SUSHI) price by 2025?
SushiSwap (SUSHI) price is expected to reach $5.31 by 2025.
8. What will be SushiSwap (SUSHI) price by 2026?
SushiSwap (SUSHI) price is expected to reach $7.21 by 2026.
9. What will be SushiSwap (SUSHI) price by 2027?
SushiSwap (SUSHI) price is expected to reach $10.6 by 2027.
10. What will be SushiSwap (SUSHI) price by 2028?
SushiSwap (SUSHI) price is expected to reach $12.32 by 2028.
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Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.