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news-imageJune 13, 2024

SushiSwap (SUSHI) Faces Bearish Trends Amid Technical and Fundamental Weakness

SushiSwap (SUSHI) shows clear bearish trends on the daily chart, but it is struggling to break key resistance levels.
Publisher: BeInCrypto
Sentiment: Negative
SUSHI

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Can SushiSwap Price Hit $1 Amid New Meme Coin Launch Pad Release?

SushiSwap price surged 12% in the last 24 hours following the recovery of the crypto market, which spiked 4.1% due to the Bitcoin price recovery. However, this may not be the only contributor to the SUSHI price gain, as the platform just launched Dojo, a new meme coin launchpad, in collaboration with Goat decentralized exchange.

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A substantial modification within the decentralized finance (DeFi) system is when SushiSwap, an influential decentralized exchange (DEX), proposed a governance one to-be-done that might reshape its auspices and operations. The plan, which is authored by Jiro – a SushiSwap developer, offers a fairly fundamental change in the allocation of the treasury assets, i.e.

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