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Cardano, SUSHI, VeChain Price Analysis: Sep 09




On the back of Bitcoin and Ethereum’s upward price trajectory, altcoins also surged considerably.

Cardano rose 12.2% and was slowly approaching its general price ceiling of $ 2.79. SUSHI posted a significant recovery as it rose 12.8% on the charts, trading above its one-week low. Finally, VET was up 11.6% and if it successfully surpasses its overall resistance, it could trade near its multi-month high of $ 0.140.

Cardano (ADA)

Cardano increased 12.2% over the last 24 hours. The altcoin was priced at $ 2.60 and was considering its immediate overhead resistance of $ 2.79. Breaking down the aforementioned price level would cause ADA trading to break above its weekly low. Additional resistance was at its multi-month high of $ 3.04.

Technicians signaled a recovery in prices. The altcoin’s price rose just above its 20 four-hour SMA. indicating that the momentum was in favor of buyers. According to the same reading, Relative Strength Index it rose from the oversold zone and moved to the midline.

MACD blinking green histograms. Parabolic SAR it showed dotted lines below the candles, suggesting an uptrend.

On the other hand, immediate support was at a two-week low of $ 2.20 and then at its four-week low of $ 1.72.

SushiSwap (SUSHI)

Cardano, Sushiswap and VeChain Price Analysis - Sep 09

SUSHI / USD, TradingView




SUSHI was up 12.8% and was priced at $ 11.50. At this price level, SUSHI was trading above its one-week low. Rising higher above, the alt would drop $ 12.58 and revisit its multi-month high of $ 14.62.

MACD it pulled back during the last few trading sessions and showed a green histogram. Awesome oscillator green indicator bars are also displayed. Relative Strength IndexHowever, it remained below the midline at the 40 mark, suggesting that buying pressure was still low.

If buying pressure remains low, then SUSHI could drop to $ 11.17 and then to its one-month low of 10.11.

VeChain (VET)

Cardano, Sushiswap and VeChain Price Analysis - Sep 09

VET / USD, TradingView

VET appreciated 11.6% in 24 hours and was available for $ 0.123. Immediate resistance was at $ 0.127. Breaking down the $ 0.127 price level would push VET to trade above the one-week low price level of $ 0.140.

The parameters pointed to the recovery of the market. MACD the red histograms declined and it was approaching a bullish crossover. Awesome oscillator presented green signal bars. Chaikin money flowhowever, it remained below the middle of the line as capital inflows remained low.

In the case of VETERINARY falling, the first resistance was at $ 0.115 and then at its one-month low of $ 0.103.

This is a machine translation of our English version.




TAMMY SEWELL
Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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