As Bitcoin and Ethereum jumped on their respective charts, altcoins followed suit. SUSHI rose by 3.3% while LINK noted minor gains of 0.1%. On the contrary, IOTA fell by 0.1% at press čas.
Verižna povezava [LINK]
LINK / USD, TradingView
chainlink has ascended slowly since 21 July. Even so, LINK managed to find support above the $23 level. The alt’s resistance level lay at $24.99 while a support level can be plotted at $21.54.
Market volatility was not anticipated as while the Bollinger Bands narrowed slightly, it was mostly parallel movement at press time. A bearish signal was seen on the MACD as red histograms were visible. Finally, the Relativna Indeks moč je above the midline. However, another push south would force it into the bearish zone.
IOTA
IOTA / USD, TradingView
IOTA dipped below its $0.88 support level on the back of a 0.1% decline. It was on its way to find support at the $0.77 level as the price was retreating. All the technical indicators pointed to bearish signals prevailing in the market.
After the bearish crossover, the MACD flashed red histograms on the charts. The Relativna Indeks moč replicated the coin’s movement as it dipped below the centreline into bearish territory. Finally, the Chaikin denarni tok also pictured a fall in capital inflows over outflows.
In case of a price reversal, the immediate resistance lay at $0.88 and $0.97.
Zamenjava [SUSHI]
SUSHI / USD, TradingView
SUŠIJA price stood at $8.35 on the back of a $3.3% hike. The altcoin broke below its support level of $8.50 as it prepared to approach the subsequent support zone of $7.68. A bearish signal was seen on the Awesome Oscillator as a red signal bar was observed. The Chaikin denarni tok has been dipping lately, with the same close to the point of equilibrium at the time of writing.
Na drugi strani pa MACD flashed bullish histograms after a crossover 24 hours ago.
Kam vlagati?
Naročite se na naše e-novice
Source: https://ambcrypto.com/chainlink-iota-sushi-price-analysis-05-august/
