Sushiswap cryptocurrency can be expected to fall further to the next support level 0.184 (low previous correction iv).
- Sushiswap recently from resistance zone
- Likely to fall to support level 0.184
Sushiswap cryptocurrency recently reversed down from the resistance zone between the key resistance level 0.217 (which stopped the previous minor impulse wave i in the middle of August, as can be seen from the daily Sushiswap chart below), resistance trendline of the daily up channel from June, upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from May. The downward reversal from this resistance zone will most likely form the daily Shooting Star if the price closes today near the current levels.
Given the strength of the resistance level 0.217 and the moderately bearish sentiment that can be seen across the cryptocurrency markets today, Sushiswap cryptocurrency can be expected to fall further to the next support level 0.184 (low previous correction iv).