SushiSwap (SUSHI) has failed to break out from a long-term resistance area and is struggling to find support.

Sushi, one of the popular decentralized platforms in the DeFi space has officially integrated its Automated Market Makers (AMM) on the BitTorrent Chain.

SushiSwap (SUSHI) has broken out from a short-term descending resistance line, failing to create a bullish structure or sustain its upward movement.

Can the Frog Nation overcome its hurdles and help SUSHI reach its former glory?

SushiSwap’s token SUSHI ended 2021 on a good note. Understandably, now everyone is expecting a phenomenal beginning to 2022. However, when one considers the DEX’s macro performance, things might shape up differently.

SushiSwap is maintaining its position as the tenth biggest DeFi protocol by the skin of its teeth. The more important issue though, is the fact that the protocol’s investors are observing constant losses and now they are reacting as per expectations.

SushiSwap [SUSHI] recently fell victim to a white hat exploit, which resulted in a loss of millions of dollars worth of Ethereum [ETH]. For context, SushiSwap faced a router processor bug on 9 April 2023, causing a loss of nearly 1800 ETH, which was worth more than $3 million.

SushiSwap is one of the most popular and also veteran decentralized exchanges and automated market makers (AMM). Still, it went through a fair share of infighting...

Factor took to Twitter to announce its integration and vault partnership with SushiSwap, bringing the capability to enable the community to access its liquidity and assets. The future holds potential for the partnership between Factor and SushiSwap, with both of them exploring cross-chain swaps and creating custom Bento vaults.

Decentralized exchange (DEX) running on multiple networks, SushiSwap (SUSHI) currently moves in tandem with the general sentiment in the market. The token approached the $4 price point but started trending to the downside as Bitcoin was rejected above $45,000.

The DEX's operating expenses currently amount to $5 million per year.

SushiSwap took a backseat in volume during the month of April after the decentralized exchange saw decreased liquidity due to the bearish market trend.

CEO Jared Grey of decentralized exchange SushiSwap plans to completely redesign the tokenomics, per the proposal introduced in Sushi’s forum on December 30, 2022. SushiSwap, soon to undergo soft rebranding to be named Sushi, was created in 2020 by a pseudonymous individual or group called Chef Nomi.

The credit-focused firm has been ramping up its commitment to cryptocurrency, unveiling a new investment manager and fund in recent months.

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The Decentralized Finance (DeFi) world is ever-growing thanks to the expansion of the topmost DeFi protocols and platforms. Various avenues are opening up for users to make the most of their investments. Taking that thought further, SushiSwap is a facilitator of the same, at least given its most recent developments.

Once valued at $119 at its highest, Terra today has three zeroes after the decimal before a number appears. Trading at $0.0001902, LUNA has lost 100% of its value this month.

SushiSwap has been whipsawed by busted deals and the departures of key leaders. And yet the decentralized exchange remains one of DeFi’s second-largest DEX by trading volume and now, a coalition of of other projects is rallying to get behind it.

According to the proposer Tangle, the intended foundation will play a key role in limiting the liability for contributors and driving Sushi’s future growth.

SushiSwap had been on a downward roll ever since the beginning of November after the bullish momentum died down for the cryptocurrency. As the month of December c...