Sushi (SUSHI) is the native token of the decentralized exchange SushiSwap, a multi‑chain automated market maker (AMM) used for swapping tokens and providing liquidity across many blockchains.
Its price currently trades around $0.20–$0.27, far below its all‑time peak ~$23.38, reflecting a -99% decline from earlier cycles.
Recent price action has been weak, largely tracking broader market risk‑off sentiment, with resistance near ~$0.223 and key support near recent lows.
Strategic developments like expansion to Solana and increased liquidity incentives aim to boost usage and fees, but execution risk and competition with bigger DEXes persist.
Technical indicators show SUSHI remains below key moving averages, suggesting potential short‑term downside unless buyers regain control.
Long‑term prospects depend on DeFi market recovery and SushiSwap’s ability to attract TVL and trading volume amid intense competition.
SUSHI
0.187
-2.50%