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SUSHI price forecast - does the course still have a confident future?

 


The SUSHI project was one of the top projects in the DeFi area . However, this is only at the beginning of the bull run. After that, much stronger projects came into play and SUSHI was rather neglected. But what does the SUSHI price look like chart-wise? Will we keep sinking steadily or will there be a recovery soon? Today we will explain to you about the SUSHI course and its possible further development.


SUSHI price has formed a bearish ABC sequence on the weekly chart. It has to be said that bearish ABC sequences are different than bullish ones. If we were to draw the final destination of the C-wave, we would end up in the minus range, which is not possible. But through past data we were able to read that the SUSHI course was often at the 100ext. line bounced off and also found support there. Now we have again created a possible ABC sequence. This sequence has a target of around $1.5. Thus, if the price performs a new lower low (SUSHI price needs to fall below $4.295), we expect the price to drop to $1.5.


The SUSHI price has support ahead of it before the ABC sequence activates, which needs to be broken. This is around $6,133. The SUSHI course is also located there at the moment. Should we break support, we expect the ABC sequence to activate. Thus, the price could aim at the $1.5 target. The price could also start turning as early as $1.81 as there is horizontal support there. Ideally, if you are shorting, you should start taking profits from the $2 mark as this is a psychological mark.

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