SUSHI’s latest price action could convince traders to stop panic selling. Here’s why…

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SushiSwap’s stochastic was in an oversold position Though whale interest and development activity increased, other metrics did not support a price surge SushiSwap [SUSHI] has been upsetting investors for quite some time now thanks to its negative price action. CoinMarketCap’s data revealed that SUSHI registered 12% negative weekly losses and was trading at $1.18 at […]

, SUSHI ranked second in terms of the most active cryptos based on GitHub commitments in the last three months. This revealed that developers were putting their best foot forward to enhance the network further.

Santiment’s data provided further hope as several on-chain metrics supported a trend reversal. For instance, SUSHI’s Market Value to Realized Value Ratio registered a slight uptick. This looked promising for the token.’s development activity also witnessed a sharp surge. The token also remained quite popular in the crypto industry, as its social volume spiked last week.While the above metrics looked optimistic, a few of them indicated that the price plummet might go on for a while.

 

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