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SushiSwap (SUSHI) Price Prediction 2022 — Will SUSHI Hit $10 Soon?

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Sushiswap (Sushi) Price Prediction 2022 — Will Sushi Hit $10 Soon?
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  • Bullish SUSHI price prediction is $1.675 to $7.619.
  • SushiSwap (SUSHI) price might also reach $10 soon.
  • Bearish SUSHI  price prediction for 2022 is $0.887.

In SushiSwap (SUSHI) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about SUSHI to analyze the future movement of the cryptocurrency. 

SushiSwap(SUSHI) Current Market Status

According to CoinGecko, the price of SushiSwap (SUSHI) is $1.46 with a 24-hour trading volume of $ 53,108,823 at the time of writing. However, SUSHI has decreased by nearly 0.1% in the last 24 hours.

Moreover, SushiSwap (SUSHI) has a circulating supply of 192,789,255 SUSHI. SushiSwap (SUSHI) trades in cryptocurrency exchanges such as Binance, OKX, FTX, WhiteBIT, LBank.

What is SushiSwap (SUSHI) ?

SushiSwap (SUSHI) is the native token in the SushiSwap decentralized exchange on the Ethereum blockchain DEX that was first launched as a clone of Uniswap by unknown open-source developers Chef Nomi and 0xMaki on 2020.SUSHI is a frequently utilized token that works on various blockchain networks. It serves as the major medium on this decentralized exchange (DEX). Users receive native SUSHI tokens as LP rewards.  

Users can swap between various virtual currencies on SushiSwap utilizing a connected cryptocurrency wallet.  SushiSwap allows users to deposit assets into liquidity pools. SUSHI grants voting powers to the DEX users and also serves as a form of  LP rewards on the platform.

SushiSwap (SUSHI) Price Prediction 2022

SushiSwap (SUSHI) holds the 148th position on CoinGecko right now. SUSHI price prediction 2022 is explained below with a daily time frame.

SUSHI /USDT  Descending Channel Pattern (Source: Tradingview)

The above chart of SushiSwap (SUSHI) laid out is the Descending Channel also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.

Currently, SushiSwap (SUSHI) is in the range of $ 1.449 If the pattern continues, the price of SUSHI  might reach the resistance levels of $1.644, $2.751, $ 4.852 and $ 10.491. If the trend reverses, then the price of SUSHI may fall to $0.995.

SushiSwap (SUSHI) Support and Resistance Levels

The chart below shows the support and resistance levels of SushiSwap (SUSHI) .

Sushiswap Sushi Price Prediction 2022 — Will Sushi Hit 10
SUSHI /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for SushiSwap (SUSHI)

Resistance Level 1 $1.675
Resistance Level 2 $ 2.747
Resistance Level 3 $ 4.489
Resistance Level 4 $ 7.619
Support Level $ 0.887
SUSHI /USDT Support and Resistance Levels

The charts show that SushiSwap (SUSHI)  has performed a bullish trend over the past month. If this trend continues, SUSHI might run along with the bulls overtaking its resistance level at $7.619.

Accordingly, if the investors turn against the crypto, the price of SushiSwap (SUSHI) might plummet to almost $ 0.887 , a bearish signal.

SushiSwap (SUSHI) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of SushiSwap (SUSHI) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of SUSHI lies below the cutoff line, indicating weak participants in the current trend.

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SUSHI /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of SushiSwap (SUSHI) is shown in the chart above. Notably,  SushiSwap (SUSHI)  price lies above 50 MA (short-term), so it is in an uptrend. Currently, SUSHI has entered a bullish state. Therefore, there is a possibility of a reversal trend of SUSHI at any time.

Meanwhile, the relative strength index (RSI) of the SUSHI is 51.13. This means that SushiSwap (SUSHI) is in an overbought state. However, this means a major price reversal of SUSHI may occur in the upcoming days. So, traders need to trade carefully. 

SushiSwap (SUSHI) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of SushiSwap (SUSHI) . It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

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SUSHI /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of SushiSwap (SUSHI). Currently, the ADX of SUSHI lies in the range of 16.738 and thus, it indicates a weak trend. 

The above chart also represents the Relative Volatility Index (RVI) of SushiSwap (SUSHI) . RVI measures the constant deviation of price changes over a period of time. The RVI of SUSHI lies below 50, indicating low volatility. In fact, the RSI of SushiSwap (SUSHI) is at 51.13 thus confirming a potential sell signal.

Comparison of SUSHI with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  SushiSwap (SUSHI).

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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 BTC and ETH. This indicates that when  the price of  BTC and ETH  increases, the price of SUSHI increases.When the price of BTC and ETH decreases,the price of SUSHI decreases.

SushiSwap (SUSHI) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  SushiSwap (SUSHI) might probably attain $13 by 2023.

SushiSwap (SUSHI) Price Prediction 2024

With several upgrades in the network, SushiSwap (SUSHI) might enter a bullish trajectory. If the coin grabs the attention of major investors, SUSHI might rally to hit $16 by 2024. 

SushiSwap (SUSHI) Price Prediction 2025

If SushiSwap (SUSHI)sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, SUSHI would rally to hit $19.

SushiSwap (SUSHI) Price Prediction 2026

If SushiSwap (SUSHI) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, SUSHI would rally to hit $22.

SushiSwap (SUSHI) Price Prediction 2027

If SushiSwap (SUSHI) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, SUSHI would rally to hit $25. 

SushiSwap (SUSHI) Price Prediction 2028

SushiSwap (SUSHI) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, SUSHI would hit $28 in 2028.

SushiSwap (SUSHI) Price Prediction 2029

If investors flock in and continue to place their bets on SushiSwap (SUSHI) (SUSHI), it would witness major spikes. SUSHI might hit $31 by 2029.

SushiSwap (SUSHI)  Price Prediction 2030

With greater advancements in the Basic Attention TokenEcosystem, the crypto community might continue to invest in SUSHI for the next 8 years and drive significant price rallies for the token. Hence, SushiSwap (SUSHI) might hit $34 by 2030.

Conclusion

With continuous improvements in the SushiSwap (SUSHI)Network, we can say that 2022 is a good year for SUSHI. For this reason, the bullish price prediction of SushiSwap (SUSHI) in 2022 is $7.619. On the other hand,  the bearish price prediction of SushiSwap (SUSHI) price prediction for 2022 is $0.887.

Furthermore, with the advancements and upgrades to the Basic Attention Token ecosystem, the performance of SUSHI would help to reach above its current all-time high (ATH) of $23.38 very soon. But, it might also reach $10  if the investors believe that SUSHI is a good investment in 2022.

FAQ

1. What is SushiSwap (SUSHI) ?

SushiSwap (SUSHI)is the governance token of SushiSwap. SushiSwap is a decentralized exchange protocol on Ethereum that facilitates the smooth swapping of ERC-20 tokens. SUSHI was launched in 2020.

2. Where can you purchase SushiSwap (SUSHI) ?

SushiSwap (SUSHI) (SUSHI) has been listed on many crypto exchanges which include  Binance, OKX, FTX, WhiteBIT, LBank.

3. Will SushiSwap (SUSHI) reach a new ATH soon?

With the ongoing developments and upgrades within the Basic Attention Token Platform, SUSHI  has a high possibility of reaching its ATH soon.

4.  What is the current all-time high (ATH) of SushiSwap (SUSHI)?

On March 13 , 2021 SushiSwap (SUSHI) reached its new all-time high (ATH) of  $23.38.

5.Is SushiSwap (SUSHI) a good investment in 2022?

SushiSwap (SUSHI) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Basic Attention Token In the past few months, SUSHI  is considered a good investment in 2022.

6. Can SushiSwap (SUSHI) reach $10?

SushiSwap (SUSHI) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then SushiSwap (SUSHI) will hit $10 soon.

7.  What will be the price of SushiSwap (SUSHI) by 2023?

 SushiSwap (SUSHI) price is expected to reach $13  by 2023.

8. What will be the price of SushiSwap (SUSHI) by 2024?

 SushiSwap (SUSHI)price is expected to reach $16 by 2024.

9.  What will be the price of SushiSwap (SUSHI) by 2025?

 SushiSwap (SUSHI) price is expected to reach $19 by 2025.

10. What will be the price of SushiSwap (SUSHI) by 2026?

 SushiSwap (SUSHI) price is expected to reach $22  by 2026.   

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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CertiK Uncovers Suspicious $2.4M Payments Into Tornado Cash

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Certik Uncovers Suspicious $2.4M Payments Into Tornado Cash
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  • The money movement is linked to the October 2021 BXH Exchange breach.
  • GitHub reinstated the Tornado Cash code in “read-only” mode.

On Saturday, crypto security company CertiK said that it had uncovered a suspicious $2.4 million payment into the cryptocurrency mixer Tornado Cash. Information suggests the money movement is connected to the October 2021 BXH Exchange breach. It resulted in a loss of $139 million. Although the U.S. Treasury’s Office of Foreign Asset Control (OFAC) has placed sanctions on the crypto mixer. However, the exchange is still being used to move money.

The theft of over 4,000 ETH worth $139 million from the BXH Exchange at the end of October is likely connected to the transfer of funds.

Hackers Defying Sanctions

The address 0x158F5 is held by a third party and used the Binance Smart Chain and Avalanche staking contract’s privileged method to retrieve staked tokens and withdraw cash. The tokens were then transferred to Ethereum using the address.

CertiK reports that the staking contract holding the funds and locations was previously released by a Telegram group formed by persons affected by the BXH Exchange. Tokens with a bridging ERC-20 standard were converted to ETH at the address in question. To date, almost $2.4 million in value has been transferred into Tornado Cash, represented by 1865 ETH tokens.

Even after the Office of Foreign Asset Control at the U.S. Treasury banned suspicious transactions on Tornado Cash in August, the service is still accepting them. The crypto mixer platform has just received a transfer of 500 thousand DAI from EOA 0x0B789. The money transfer was associated with an exploit in DAO Maker.

After receiving confirmation from the Office of Foreign Asset Control of the United States Treasury, GitHub reinstated the Tornado Cash code in “read-only” mode.

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Whale Alert: 270 Million XRP ($130M) Bought by Whales

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Ripple (Xrp) Price Jumps To New Four-Month High
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  • The largest ever buy was on the Bitso crypto market for 54.1 million XRP.
  • XRP prices have increased by around 50% during the last week.

The native XRP token of Ripple has seen the most growth over the previous seven days. While Bitcoin and Ethereum have both had big price declines recently, XRP has seen a sharp increase. The current price increase of XRP may be attributed to a number of factors. Whales hoarding Ripple tokens is one instance.

Tokens worth around $130.2 million in XRP, almost 270M XRP have been transmitted from several cryptocurrency exchanges to many unknown addresses in the past 24 hours, according to data from Whale Alert. The largest ever buy was on the Bitso crypto market for 54.1 million XRP. Approximately $27.5 million worth of XRP coins were purchased by Whale all at once.

High Volatility Expected After Judgement

However, whales have been buying up XRP on the Bitstamp platform to the tune of nearly $84.1 million. To their XRP holdings, whales have just added more than $41.4 million over many trades. Meanwhile, a massive transaction involving 132 million XRP (about $62.1 million) was also spotted by the whale tracker.

Since the SEC and Ripple submitted their summary judgement papers, there has been a dramatic increase in the whale stockpiling of XRP tokens. The current increase was caused by new court documents. It also noted a surge in the number of active addresses holding between 1 and 10 million XRP tokens in late 2022.

On the other hand, XRP prices have increased by around 50% during the last week. Since word of the case’s resolution circulated favorably across the market, this is the result. At this moment, the price of XRP is $0.5015 as per CMC.

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California Governor Vetoes Crypto Regulation Bill

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Following Aftermath Of Recent Slump Bitpanda Announces Workforce Layoff
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