SushiSwap’s token price staged a strong recovery on Monday as renewed demand for the DeFi token pushed it higher. The price reached a high of $1.4520, the strongest level since October 20, and is now more than 42% above its August low this year. With momentum building, investors are asking whether SUSHI can sustain further gains.
SUSHI rebound continues
SushiSwap is one of the prominent platforms in decentralized finance (DeFi), competing with other well-known exchanges such as Uniswap, dYdX and PancakeSwap. One notable distinction is SushiSwap’s emphasis on liquidity mining, which rewards liquidity providers with token incentives.
The platform enables users to swap tokens, earn rewards, stack yields, and access lending and borrowing services within a single interface. SushiSwap operates across multiple networks, including Ethereum, Arbitrum, Polygon and Harmony, among others.
Over recent months, SushiSwap has processed more than $228.68 billion in volume and now supports over 16,300 cryptocurrency pairs for traders.
SUSHI’s price appreciation in recent months reflects growing interest and developments within the SushiSwap ecosystem. In particular, the community recently elected a new Head Chef, Jared Grey. Grey previously served as CEO of EONS, a DeFi exchange, and before that led Bitfineon, a smaller cryptocurrency exchange.
Following his appointment, Jared Grey reached out to Binance CEO Changpeng Zhao to discuss potential collaboration. Changpeng Zhao commented that Binance is making significant investments in DeFi, though no formal partnership between Binance and SushiSwap has been announced.
Another catalyst supporting price strength is the upcoming Meiji upgrade, which will replace the existing Sushi DAO structure. The Meiji DAO aims to move governance fully on-chain and launch what the project terms the “Meiji Restoration” of Sushi. The new model will use shares rather than tokens for governance, introduce a quadratic voting mechanism and operate as a fully autonomous on-chain DAO.
SushiSwap price prediction
Is it a good time to buy SUSHI? The daily chart shows a clear bullish trend over the past few months. The token has moved above the 50-day moving average, and the Relative Strength Index (RSI) has climbed above the neutral midpoint, signaling buying momentum. Price action has also formed a classic cup-and-handle pattern, which is typically viewed as a bullish continuation signal.
Given these technicals, SUSHI is likely to continue its upward trajectory in the near term, with bulls targeting the next key resistance near $1.5788—roughly 10% above current levels. Conversely, a decisive break below the support level at $1.3756 would undermine the bullish case and could lead to further downside.
How to buy SushiSwap
To purchase SUSHI, investors can use major centralized and decentralized exchanges that list the token. When buying, consider factors such as fees, available trading pairs, custody options and platform security. Ensure you follow best practices for storing digital assets securely, including using hardware wallets or reputable custodial services when appropriate.