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SushiSwap Price Prediction – Will SUSHI Price Hit $10 in 2022?

SushiSwap-SUSHI-Price-Prediction Prediction
  • Bullish SushiSwap price prediction ranges from $5.50 to $9.93.
  • The SushiSwap price might also reach $10 soon.
  • SushiSwap’s bearish market price prediction for 2022 is $2.51.

This SushiSwap Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our SUSHI price analysis and prediction.

SushiSwap (SUSHI) is one of the digital assets that took the crypto market by storm when it smashed the ATH price of $23.38. Specifically, this crypto has been seen to move aggressively since the early days of the year. Infact, SUSHI growth rate reduced by 71% in the past 12 months. With this, we can really say that SUSHI has been doing its job well in developing its platform over the years.

Can SUSHI reach $10 in 2022? We will find out shortly. But before we proceed to our SUSHI price prediction, let us first answer the question “What is SushiSwap (SUSHI)?” in this SUSHI price prediction 2022 article.

What is SushiSwap (SUSHI)?

SushiSwap (SUSHI) is an automated market maker (AMM). This is an increasingly well-known tool among cryptocurrency users. More so, the AMMs are decentralized exchanges that utilize smart contracts to create markets for any given pair of tokens.

SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the DeFi movement and associated trading spike in DeFi tokens.SUSHI’s native token SUSHI, reached its new ATH of $23.38 on Mar 13, 2021. Even more, since then the coin has faced many challenges.

Now that we have an idea about SUSHI, do you think SUSHI will be profitable crypto in 2022? Join me and let us see the charts in this SUSHI price prediction.

SushiSwap (SUSHI) Market Position

As of the time of writing this SushiSwap price analysis, SUSHI trades at $3.64 with a 24-hour trading volume of $454,213,339, according to CoinGecko. The price of SUSHI has increased by 3.34% in the last 24 hours.

Furthermore, SUSHI has a current circulating supply of 127,244,443.00 SUSHI according to CoinMarketCap. Currently, the top cryptocurrency exchanges for SUSHI are BinanceFTXOKExHuobi Global, and CoinTiger. Now, let’s proceed to the next part of this SUSHI price prediction for 2022.

SushiSwap (SUSHI) Price Analysis 2022

Currently, SUSHI holds the 125th place on CoinGecko. But will the latest upgrades, developments, and changes in the SUSHI blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this SUSHI price prediction article.

SUSHI/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for SUSHI/USDT, we can deduce that the price of SushiSwap might get bullish in some days since the price is almost breaking out at the first half of the channel from the bottom. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

SUSHI/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 53.56. This shows that SushiSwap (SUSHI) is showing a strong trend since its RSI lies between 50 and 70. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.

SUSHI/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and also does not touch recent candlesticks, the price of the coin might increase soon.

SushiSwap (SUSHI) Price Prediction

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and also not touching recent candlesticks, the price of the coin might increase soon.

SUSHI/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

Conversely, if the investors do not favor crypto, the bears might take over and pull SUSHI from its uptrend position. In simpler terms, the price of SUSHI might decrease to almost $2.51 at support level, a bearish signal.

Meanwhile, our long-term SUSHI price prediction 2022 is bullish. It has a low possibility of surpassing its current all-time-high (ATH) at about $23.38 this year. Moreover, SUSHI can hit ATH only if it breaks many previous psychological resistances.

SushiSwap (SUSHI) Price Prediction 2022

If this bullish trend continues, SUSHI will reach $9.93 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $5.50. Then the rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $10 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

SushiSwap (SUSHI) Price Prediction 2023

If SUSHI holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $75, making it not plummet but play consistently.

SushiSwap (SUSHI) Price Prediction 2024

As per the latest upgrades, developments, SUSHI price prediction, and new project forecasts of the platform, SUSHI investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of SUSHI in the crypto market, and it will be the best investment as the price can spike and reach around $125.

SushiSwap (SUSHI) Price Prediction 2025

In the next four years, SUSHI prices could race up to $250. However, reaching this level could not be so difficult for SUSHI as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that SUSHI has a high possibility of reaching a new ATH soon in the next four years as per the prediction.

SushiSwap (SUSHI) Price Prediction 2026

In the next five years, SUSHI prices could race up to $750. However, reaching this level could not be so difficult for SUSHI as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that SUSHI has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

SUSHI has a bright future ahead of it in 2022. With the ongoing developments happening within the SUSHI ecosystem, as well as in the overall crypto market, we may see SUSHI reach new heights.

Bullish SUSHI price prediction 2022 is $9.93. As said above, it may even reach $10 if investors have decided that SUSHI is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is SUSHI?

SushiSwap is an automated market maker (AMM). This is an increasingly well-known tool among cryptocurrency users. It’s native token is SUSHI.

Is SushiSwap a good investment?

For those looking for dividend-like income, SushiSwap could be an attractive investment.

Is SushiSwap safe?

It is safe to say that even without audits, SushiSwap is secure. Running for at least a year, the exchange has never been hacked.

Is SushiSwap better than Uniswap?

While Uniswap handles more volume and has been around for more time, SushiSwap does have some unique benefits such as a yield farming platform and bonuses for token holders.

How to Buy SUSHI Token?

Users can obtain SUSHI tokens by purchasing them from cryptocurrency exchanges such as Binance, or Huobi Global.

Will SUSHI Surpass its Current ATH?

SUSHI is one of the potential crypto-token in 2022. However, SUSHI has a low possibility of surpassing its current ATH at about $23.38 this year.

Can SUSHI reach $10 soon?

Yes, it’s very much possible that SUSHI might reach $10 in the near future as per the current bullish trend.

What will be the SushiSwap price by 2022?

SushiSwap (SUSHI) price is expected to reach $9.93 by 2022.

What will be the SushiSwap price by 2023?

SushiSwap (SUSHI) price is expected to reach $75 by 2023.

What will be the SushiSwap price by 2024?

SushiSwap (SUSHI) price is expected to reach $125 by 2024.

What will be the SushiSwap price by 2025?

SushiSwap (SUSHI) price is expected to reach $250 by 2025.

What will be the SushiSwap price by 2026?

SushiSwap (SUSHI) price is expected to reach $750 by 2026.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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Chukwuemeka is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.