Sushiswap cryptocurrency can be expected to fall further in the active impulse wave 3 to the next strong support level 0.275 (which reversed the previous waves 1 and b).
- Sushiswap reversed from resistance zone
- Likely to rise to resistance level 64.00
Sushiswap cryptocurrency recently reversed down from the resistance zone between the resistance level 0.375 (former support from October and November, as can be seen from the daily Sushiswap chart below), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from November. The downward reversal from this resistance zone started the active short-term impulse wave 3, which belongs to the intermediate impulse wave (3) from the start of November.
Given the strong daily downtrend and the bearish sentiment seen across the cryptocurrency markets, Sushiswap cryptocurrency can be expected to fall further in the active impulse wave 3 to the next strong support level 0.275 (which reversed the previous waves 1 and b).
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