Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

2025-05-22

.Sonic is now on Sonic!

2025-05-22

Bitcoin is getting high all time without a hefoma-is $ 120k next?

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

    2025-05-22

    Sophon reveals ZKTLS-based social oracle to integrate private web2 data

    2025-05-22

    Solana to get a big design prevention

    2025-05-22

    World3 Powers AI-driven Governance on-Chain with Quack AI

    2025-05-22

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22
  • NFT

    Hashrate Hackers introduces Ordinals NFT collections supported by Bitcoin Hashrate

    2025-05-22

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP price consolidates before the launch – is an outbreak on the horizon?

    2025-05-22

    Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

    2025-05-22

    Solana (SOL) strives higher with strong copper support, next stop $ 200?

    2025-05-22

    Bitcoin price reaches new all time above $ 111,000

    2025-05-22

    Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

    2025-05-22
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Does SushiSwap’s Rising Demand Mark an Impending Bull Run?
Altcoins

Does SushiSwap’s Rising Demand Mark an Impending Bull Run?

2023-09-26No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: September 26, 2023


  • The supply of SUSHI at the top addresses is leveling off, while the supply on the stock exchanges fell.
  • Market indicators were unclear about the token’s next move.

SushiSwap [SUSHI] has witnessed a massive drop in supply on the exchanges, suggesting that the token was under buying pressure at the time of writing. An increase in buying pressure usually means that investor confidence in an asset is high.


Read SushiSwaps [SUSHI] Price prediction 2023-24


But regardless of the above positive indication, what to do SushiSwap’s other stats say about the token’s trajectory in the near future?

Do Investors Actually Buy SUSHI?

In particular, a tweet from Santiment on September 26 pointed out that quite a few altcoins registered a drop in their supply on the exchanges. Apart from SUSHI, the other altcoins on the list were Curve [CRV] and injective [INJ].

📉👍If you own one $SUSHI, $REEF, $ELEVEN, $BICO, $CRVor $INJ, then you’ll be happy to see more and more of their inventories coming in-house. Historically, these types of large stock market waves are good for future prices. https://t.co/nS45eDkW1z pic.twitter.com/rhoGpfiosL

— Santiment (@santimentfeed) September 26, 2023

When the benchmark falls, it usually means investors are buying the asset. Historically, these types of large exchange waves have been good for future prices.

Moreover, according to MoonCrushMarket confidence in SUSHI was high as social engagement and bullish sentiments surged over the past seven days. However, one bearish measure was SushiSwap’s Altrank, which fell.

But despite this, the supply of the DEX at prime addresses fell, as did the total number of holders. Furthermore, SushiSwap’s currency outflows only spiked once in the past seven days – another worrying sign.

See also  Bitcoin: As demand rises, BTC prices will rise past 2024 predictions

Whale activity nearby SUSHI was also low, reflecting their declining confidence in the token.

Source: Santiment

Nevertheless, the decrease in supply on the exchanges did have an effect on the price of the token. According to CoinMarketCapthe price of SUSHI has risen marginally over the past 24 hours, along with a 5% increase in trading volume.

At the time of writing, SUSHI was trading at $4.30 with a market cap of over $2.4 billion.


Realistic or not, here it is The market capitalization of SUSHI in terms of BTC


What can you expect from SushiSwap?

A check of SushiSwap’s daily chat painted a bearish picture as most indicators supported the sellers. For example, the MACD showed a bearish crossover.

Moreover, SUSHI’s Relative Strength Index (RSI) recorded a decline, indicating a price decline. A similar trend was also observed in the Money Flow Index (MFI) and Chaikin Money Flow (CMF), both of which were moving towards the neutral level at the time of writing.

Sushiswap's demand is increasing;  Is a bull rally coming?

Source: TradingView



Source link

Bull Demand impending Mark Rising run SushiSwaps
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

BTC -Price touches new ATH

2025-05-22

Vaneck launches Purposebuilt Fund for Avalanche Projects: Real-World Utility in Focus

2025-05-22

BNB meeting to all time becomes strong, but this crucial zone has to hold

2025-05-22

SPX6900 Rallies 104% – Is $ 1 next, if so, can SPX maintain it?

2025-05-22
Add A Comment

Comments are closed.

Top Posts

Bitcoin: June Recovery as BRC-20 Empty?

2023-05-30

Crypto = An internet connection without websites to visit

2024-07-26

Shieldeum integrated THENA to improve liquidity and ecosystem growth

2025-01-03
Editors Picks

Coin98 Super Wallet Announces Seamless Swap Support on TON

2025-01-03

Wrapped Bitcoin Custodian BiT Global is suing Coinbase after delisting the WBTC in November

2024-12-14

‘All results are on the table’ – Crypto Trader says Bitcoin -Trend unclear because the market becomes very volatile

2025-03-08

Coinbase Files Motion for Partial Summary Judgment Against SEC Over Delays in Internal Documents

2024-10-15
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

.Sonic is now on Sonic!

Bitcoin is getting high all time without a hefoma-is $ 120k next?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,910.342.23%
  • ethereumEthereum(ETH)$2,636.805.17%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.411.45%
  • binancecoinBNB(BNB)$681.781.24%
  • solanaSolana(SOL)$178.244.72%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2390794.25%
  • cardanoCardano(ADA)$0.805.46%
  • tronTRON(TRX)$0.2746773.11%
  • suiSui(SUI)$3.82-1.34%
  • chainlinkChainlink(LINK)$16.574.86%
  • hyperliquidHyperliquid(HYPE)$32.5116.71%
  • avalanche-2Avalanche(AVAX)$24.899.39%
  • stellarStellar(XLM)$0.3012824.04%
  • shiba-inuShiba Inu(SHIB)$0.0000153.15%
  • bitcoin-cashBitcoin Cash(BCH)$439.619.00%
  • hedera-hashgraphHedera(HBAR)$0.2027792.90%
  • unus-sed-leoUNUS SED LEO(LEO)$8.920.87%
  • the-open-networkToncoin(TON)$3.152.30%
  • polkadotPolkadot(DOT)$4.903.94%
  • litecoinLitecoin(LTC)$99.613.25%
  • moneroMonero(XMR)$394.640.08%
  • bitget-tokenBitget Token(BGB)$5.22-0.03%
  • pepePepe(PEPE)$0.0000147.03%
  • piPi(PI)$0.82-1.11%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • bittensorBittensor(TAO)$465.724.88%
  • uniswapUniswap(UNI)$6.323.57%
  • aaveAave(AAVE)$255.273.27%
  • nearNEAR Protocol(NEAR)$3.048.15%
  • aptosAptos(APT)$5.689.33%
  • ondo-financeOndo(ONDO)$1.014.97%
  • okbOKB(OKB)$52.651.08%
  • kaspaKaspa(KAS)$0.1152912.98%
  • internet-computerInternet Computer(ICP)$5.636.66%
  • ethereum-classicEthereum Classic(ETC)$19.594.58%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.380.11%
  • gatechain-tokenGateToken(GT)$21.690.21%
  • crypto-com-chainCronos(CRO)$0.0997763.14%
  • render-tokenRender(RENDER)$5.128.86%
  • vechainVeChain(VET)$0.0302555.57%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2481513.86%
  • mantleMantle(MNT)$0.762.90%
  • ethenaEthena(ENA)$0.4083043.33%
  • worldcoin-wldWorldcoin(WLD)$1.4927.88%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8710.01%
  • arbitrumArbitrum(ARB)$0.4230674.73%
  • bitcoinBitcoin(BTC)$110,910.342.23%
  • ethereumEthereum(ETH)$2,636.805.17%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.411.45%
  • binancecoinBNB(BNB)$681.781.24%
  • solanaSolana(SOL)$178.244.72%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2390794.25%
  • cardanoCardano(ADA)$0.805.46%
  • tronTRON(TRX)$0.2746773.11%
  • suiSui(SUI)$3.82-1.34%
  • chainlinkChainlink(LINK)$16.574.86%
  • hyperliquidHyperliquid(HYPE)$32.5116.71%
  • avalanche-2Avalanche(AVAX)$24.899.39%
  • stellarStellar(XLM)$0.3012824.04%
  • shiba-inuShiba Inu(SHIB)$0.0000153.15%
  • bitcoin-cashBitcoin Cash(BCH)$439.619.00%
  • hedera-hashgraphHedera(HBAR)$0.2027792.90%
  • unus-sed-leoUNUS SED LEO(LEO)$8.920.87%
  • the-open-networkToncoin(TON)$3.152.30%
  • polkadotPolkadot(DOT)$4.903.94%
  • litecoinLitecoin(LTC)$99.613.25%
  • moneroMonero(XMR)$394.640.08%
  • bitget-tokenBitget Token(BGB)$5.22-0.03%
  • pepePepe(PEPE)$0.0000147.03%
  • piPi(PI)$0.82-1.11%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • bittensorBittensor(TAO)$465.724.88%
  • uniswapUniswap(UNI)$6.323.57%
  • aaveAave(AAVE)$255.273.27%
  • nearNEAR Protocol(NEAR)$3.048.15%
  • aptosAptos(APT)$5.689.33%
  • ondo-financeOndo(ONDO)$1.014.97%
  • okbOKB(OKB)$52.651.08%
  • kaspaKaspa(KAS)$0.1152912.98%
  • internet-computerInternet Computer(ICP)$5.636.66%
  • ethereum-classicEthereum Classic(ETC)$19.594.58%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.380.11%
  • gatechain-tokenGateToken(GT)$21.690.21%
  • crypto-com-chainCronos(CRO)$0.0997763.14%
  • render-tokenRender(RENDER)$5.128.86%
  • vechainVeChain(VET)$0.0302555.57%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2481513.86%
  • mantleMantle(MNT)$0.762.90%
  • ethenaEthena(ENA)$0.4083043.33%
  • worldcoin-wldWorldcoin(WLD)$1.4927.88%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8710.01%
  • arbitrumArbitrum(ARB)$0.4230674.73%