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SushiSwap (SUSHI) Price Prediction 2023/2025/2030

10 mins
Updated by Ryan Glenn
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In a world where centralized exchanges are causing seemingly endless problems, DEXs look to be the future. This is good news for SushiSwap — a decentralized exchange where smart contracts manage buying and selling assets. While SushiSwap is functional on its own, its native crypto, the Sushi token, comes with several ecosystem-specific use cases. But is the token a savvy investment? This SushiSwap price prediction will consider the merits of buying Sushi and tracks the token’s likely future price path.

In October 2022, SUSHI traded near a critical resistance level of $1.62. But as of Jan. 16, 2023, the price sits at $1.25 — having failed to breach the aforementioned resistance. But there is more to the Sushi story than support and resistance. Let’s take a look.

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Sushi price prediction and the role of fundamental analysis

Before we move into the technical analysis, we must look at the important fundamental pointers relevant to SushiSwap:

  1. SushiSwap has a token vault, letting users store tokens and generate passive income.
  2. You can swap any ERC-20 crypto with another on the SushiSwap exchange.
  3. Kashi, a DApp on SushiSwap, lets users easily borrow and lend crypto.
  4. Sushibar — an exclusive product on SushiSwap — lets users stake crypto.
  5. SushiSwap was launched by Chef Nomi — a pseudonymous entity with absolutely no social presence. 
  6. Apart from Chef Nomi, SushiSwap is associated with other pseudonymous bodies, including Maki.
SushiSwap DeFi exposure: DeFillama
SushiSwap DeFi exposure: DeFillama

As of January 2023, Sushi ranks 18 in terms of DeFi TVL. The network was initially envisioned as a hard fork of UniSwap but with better functionality courtesy of its native token, SUSHI. SUSHI has exposure to more than 20 chains and has $450.59 million of total value locked. 

SushiSwap DeFi TVL: DeFillama
SushiSwap DeFi TVL: DeFillama

Tokenomics and the price of SUSHI

Firstly, SUSHI works as the governance token of the SushiSwap network. Holding the token can offer access to the development table. Plus, it supports staking and holds relevance as the network usage reward. 

SushiSwap price prediction and token supply curve: Messari
SushiSwap price prediction and token supply curve: Messari

However, the token model is inflationary, albeit with decreasing overall issuance. The total supply stands at 250 million, with 89% making the current circulating supply. The fixed supply model could help push prices higher post-2026 when the entire supply is expected to be unlocked. 

SUSHI price forecast and other key metrics

Projecting the future price of Sushi tokens is possible if we can track the standard network growth metrics. The first metric is the active address count. The 90-day chart shows that the addresses peaked in November and resulted in a price drop. This development could have been due to the increased selling pressure.

SushiSwap active address count: Messari
SushiSwap active address count: Messari

Network activity followed the price rise in November but quickly fizzled out. However, price surges during network activity peaks are clear. This could be positive for the long-term future price of SUSHI.

SushiSwap network growth: Santiment
SushiSwap network growth: Santiment

The social volume chart hints at a significant development pattern. The price of SUSHI increases every time the social chatter peaks. Therefore, it would be advisable to keep an eye on the social volume of Sushi tokens to predict a possible price surge.

Santiment social volume: Santiment
SushiSwap social volume: Santiment

Sushi price prediction and technical analysis

Before we get to the price of SUSHI, especially the price action, here are a few insights to keep in mind:

  1. SUSHI reached an all-time high price of $23.38 on March 13, 2021.
  2. The minimum price was recorded at $0.4737 on Nov. 4, 2020.
  3. SushiSwap’s market cap peaked on March 14, 2021, a day after reaching the maximum price. $2.91 billion was the recorded market capitalization at the peak. 
  4. The trading volume during the maximum market cap was $654.69 day-on-day.
  5. As of Jan. 8, 2023, the recorded market cap and trading volume were $237.48 and $55.23, respectively.
  6. The turnover ratio (trading volume to market cap) was higher at the current levels, showing that the volatility at SUSHI’s counter might decrease. This is optimistic for the token’s short-term price action.
SushiSwap market cap: CoinMarketCap
SushiSwap market cap: CoinMarketCap

Short-term price chart of SUSHI

The daily price chart of SUSHI reveals an interesting pattern. The price is moving inside a descending triangle formation. However, SUSHI, like every other digital asset in this crypto market, is in a downtrend. So, the upper trendline of the mentioned pattern might kickstart a trend reversal of sorts. 

SushiSwap price prediction and short-term chart: TradingView
SushiSwap price prediction and short-term chart: TradingView

For that, SUSHI would need to keep trading at the current levels and first breach the $1.49 levels with high volumes. The RSI (Relative Strength Index), or the momentum indicator, is trading above its 14-day moving average line (yellow). Plus, there is a clear bullish divergence, with the RSI making higher highs and the price of SUSHI making lower highs.

Hence, in the short term, the price action of SUSHI looks investor-friendly.

Pattern identification

The raw weekly chart shows a clear pattern, visible even without the markings. There is a clear periodic high and a lower high formation with a rounded bottom in between. The determining factor for the SUSHI token is the formation of a rounding bottom before the next high arises.

SushiSwap price prediction and weekly chart: TradingView
SushiSwap price prediction and weekly chart: TradingView

Now, we can divide the chart into two parts. Pattern 1 shows a single rounded bottom formation with a higher high. Pattern 2 looks like the extended mirror image of the same — only with multiple rounded bottom formations.

Let us now revisit the chart after marking the crucial points. 

SushiSwap weekly chart with a clear pattern: TradingView
SushiSwap weekly chart with a clear pattern: TradingView

Our task is now to find the M3 (the lowest point of the next bottom) and the subsequent high B3. Now, if B3 surfaces higher than A3, we can consider a pattern reversal — the formation is similar to the left side of the vertical line. However, if B3 surfaces lower than A3, we can expect the pattern to continue.

Price changes

We can identify the distance and price change percentage between all the As, Ms, and Bs on the weekly chart. 

SushiSwap price changes: TradingView
SushiSwap price changes: TradingView

Path 1: B to A (taking in reverse as it looks like a mirror-image of the current pattern)

table 1

Path 2: A1 to A3

table 2

Note that we have also considered B to A points, as the current pattern shows the formation of lower highs on the weekly chart.

We can now use the data from the tables above to find the average distance and price change percentage between all As to Ms and Ms to Bs.

So the A to M average comes to 52 days (max is 126 days) and -79.75% (minimum drop is -67.79).

And the M to B average comes to be: 58 days (84 days max) and 1220.06% (minimum percentage growth is 144.77%). 

Note: Every calculation is based on the datasets procured from the tables above.

We can plot the next bottom from A3 using the A to M average. The level surfaces at $0.867 — a drop of 82.85% — almost equal to our average drop. This shows our SushiSwap price prediction is moving in the right direction. We can mark this M3. 

SushiSwap price prediction and all successful levels: TradingView
SushiSwap price prediction and all successful levels: TradingView

SushiSwap (SUSHI) price prediction 2023

Outlook: Bullish

Now we have identified M3, we can plot the path to B3 using the data from the tables above. The minimum growth from the lows is 144.77% — from table 2. Considering the current state of the crypto market, we can expect the price of SUSHI to surface at almost $2. 

Notice that SUSHI did touch this level in October, when the price peaked at $1.99, breaking the important resistance of $1.62. Therefore, this point can be marked B3. 

SushiSwap price prediction 2023: TradingView
SushiSwap price prediction 2023: TradingView


So our target shifts. We now have first to find A4, using the average distance between the Bs and As. Using the table above, the B to A distance and price change comes at 70 days and 35.74%. Also, A4 is expected to surface lower than B3 as the crypto market is still in the bearish phase, and there is no up-trending trigger as of yet. 

From B3, a max drop of 35.74% and a max distance of 49 days put A4 at $1.495 — another successful level on the chart. 

SushiSwap price prediction 2023 new high: TradingView
SushiSwap price prediction 2023 new high: TradingView

From A4, the drop to M4 could surface in 84 days max and at a drop of 67.79%. This expected level might be at $0.86 — which is also a strong support line and coincides with a low M3. This could also be the SushiSwap price prediction low for 2023. 

If this becomes M4, we can plot the next high or B4 at a distance of 84 days (maximum) and at a price growth of 144.77% — we have taken the minimum growth percentage due to the bearish nature of the crypto market. B4, therefore, surfaces at $2.127. This could be the maximum price prediction for SushiSwap in 2023. 

Projected ROI from the current level: 64.90%

SushiSwap (SUSHI) price prediction 2025

Outlook: Bullish

Note that B4, or the maximum price of SUSHI in 2023, is higher than both B3 and A4. This might just start an uptrend at SUSHI’s counter. 

We can consider that the next low after B4 arrives is 2023 only as A5. And after A5, we also need to consider the drop to M5. In case of an uptrend, the cumulative drop can take support at $1.495. This level might show up in (126 + 91)  or 217 days — data from table 2. We can plot the same to 2024, considering the cumulative distance of B4 to M5.

SushiSwap price prediction 2024: TradingView

Now, from this point, M5, the next high or B5, could surface within 84 days and at a high of 170.49% — the second highest percentage change using table 2. We have not taken the minimum price growth as, by this time, SUSHI should be in an uptrend. The level, therefore, might surface at $4.05 by early 2024.

The next low, M6, could take support at $2.12 — which coincides with B4. The level can surface at 217 days, which is the maximum distance between any B and the next M. From this level, the next high could be in 84 days and at a growth percentage of 170.49 — as mentioned previously. Therefore, the maximum SushiSwap price prediction for 2025 might be $5.74. 

SushiSwap price prediction 2025: TradingView
SushiSwap price prediction 2025: TradingView

The minimum SUSHI price prediction for 2025 might surface at an important support level of $4.054 — which coincides with B5.

Projected ROI from the current level: 345%

SushiSwap (SUSHI) price prediction 2030

Outlook: Bullish

Now we have the high for 2025 and the low for 2024. So, we can connect the Fib levels to plot the distance for the SushiSwap price prediction 2030 model.

SushiSwap price prediction 2030: TradingView
SushiSwap price prediction 2030: TradingView

Following the same growth path puts the SUSHI 2030 high at $64.481. However, for this price forecast to hold, the price of SUSHI must cross the previous all-time high of $23.38 by 2028

Projected ROI from the current level: 4898%

SushiSwap (SUSHI’s) long-term price prediction (up to 2035)

Outlook: Bullish

If you plan to hold SUSHI longer than 2030, here is a table that lets you trace the path until 2035. Note that a Sushi token’s price growth each year will depend on the growth of liquidity pools, user adoption, market cap, and other metrics.

You can easily convert your SUSHI to USD here

table 3

Is this SushiSwap price prediction model accurate?

This SushiSwap price prediction model utilizes significant chunks of data to conduct a descriptive and thorough technical analysis. Plus, we have also taken the short-term and long-term price action of SUSHI to forecast the future price till 2035. This SUSHI price prediction also considers the long-term potential of the ecosystem, including the room for DeFi growth and the project’s tokenomics. As such, this is a well-rounded and attainable price prediction model. Of course, the crypto market is volatile, and it is always wise to consider annual averages instead of highs and lows.

Frequently asked questions

Can SushiSwap reach $100?

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How much is SushiSwap worth in 2025?

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What will SUSHI be worth in 2030?


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Ananda Banerjee
Ananda Banerjee is a technical copy/content writer specializing in web3, crypto, Blockchain, AI, and SaaS — in a career spanning over 12 years. After completing his M.Tech in...