Sushiswap Price Analysis: SUSHI swiftly retraces to $12, a reversal from there?

TL;DR Breakdown Sushiswap price analysis is bullish for today.SUSHI/USD saw strong retracement over the past 24 hours.The support was found at the $12 previous resistance. Sushiswap price analysis is bullish for today as a quick spike to the $12 support indicates an end to a several-day retracement from the $16 new swing high. Therefore, we expect SUSHI/USD to return to bullish momentum over the weekend and look to regain some of the loss. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded mostly in the red over the last 24 hours. Bitcoin manages to gain 2 percent, while Ethereum was up by 0.59 percent. Meanwhile, Avalanche (AVAX) is still the best performer, with a gain of almost 16 percent. Sushiswap price movement in the last 24 hours: Sushiswap retraces to $12 resistance turned support SUSHI/USD traded in a range of $12.11 – $13.84, indicating strong volatility over the last 24 hours. Trading volume has decreased by 10.49 percent and totals $1.1 billion, while the total market capitalization trades around $1.63 billion, ranking the coin in 72nd place overall. SUSHI/USD 4-hour chart: SUSHI ready for more upside? On the 4-hour chart, we can see the Sushiswap price rejecting further downside, indicating an upcoming rally once again. SUSHI/USD 4-hour chart. Source: TradingView Sushiswap price action continued to trade with strong volatility this week. After peaking at the $16 resistance, SUSHI...