SUSHI (SushiSwap) up 15.81% in the last 24 hours

Gate News Bot Message, November 11th, according to CoinMarketCap data, SUSHI (SushiSwap) is currently trading at $0.58, up 15.81% in the past 24 hours, reaching a high of $0.61 and a low of $0.40. The 24-hour trading volume is $121 million. The current market capitalization is approximately $166 million, an increase of $22.7 million from yesterday.

Recent important news about SUSHI:

1️⃣ SushiSwap Ecosystem Continues to Expand As a decentralized exchange and DeFi platform, SushiSwap has recently made significant progress in cross-chain ecosystem development. The project continues to expand its operations across multiple blockchain networks, offering users more diverse trading and liquidity mining options, which helps attract more users.

2️⃣ Increased Activity in Governance Proposals SUSHI DAO has recently been active in community governance, with several key proposals under discussion. These proposals involve protocol upgrades, token economic model adjustments, and other important topics, reflecting active community participation in SushiSwap’s future development and potentially promoting long-term healthy growth.

3️⃣ Market Sentiment Improves, Boosting DeFi Sector Recovery As the overall cryptocurrency market sentiment improves, the DeFi sector has also seen a noticeable rebound. As a representative project in DeFi, SUSHI benefits from this trend, with both price and trading volume rising, indicating investor confidence in the DeFi sector is recovering.

From a technical perspective, SUSHI has broken through multiple short-term moving average resistances, showing a clear upward trend. However, given the recent sharp increase, there may be short-term pullback pressure. Investors should closely monitor whether it can hold current levels to consolidate the rally.

This message is not investment advice; please be aware of market volatility risks.