BAT,Binance Coin, SushiSwap Price Movement Analysis for 21st February 2021

Spread the love

The crypto market saw a revived buoyant momentum as Bitcoin leapt onto the charts to set new all-time highs. At the time of writing, Bitcoin traded $57582 in a 24-hour trading volume of $56.2 billion.

Source: CoinStats

Interestingly, with the King coin northbound on the charts, many of the market’s altcoins, such as Binance Coin and SushiSwap, have also seen their price appreciate over the last few days.

Basic Attention Token [BAT]

Source: BAT/USD, TradingView

BAT’s price has also been trading sideways over the past week and has not registered any gains over the past week. At the time of the news, BAT traded at $0.59 and faced considerable resistance in the price range of $0.69. If the coin were to see a downtrend materialise, the price would need support at $0.52 and $0.40.

The technical indicators point to a trend reversal in BAT’s price action. The MACD indicator is on the verge of a bearish crossover, while the RSI indicator is now moving away from the over-purchased area, but may return to it if the buyers continue to dominate the market.

RECOMMENDED READ:  Robinhood users are buying U.S. blockchain ETFs, pushing number of holders to 2020 highs



Binance Coin [BNB]

Source: BNB/USD, TradingView

Binance Coin traded at $293.2 with a market capitalisation of more than $45 billion at the time of publication. The coin has seen its price rise by more than 124% over the past week. After the price rose on Feb. 19, the coin continued to assess the resistance at a price point of $360. If the coin fails to break this rank, it’ll soon go to $237 for help.

The EMA ribbon has settled close to the $160 price range and, if the first aid fails, BNB may borrow aid from the EMA ribbon in order to stabilise its price. The MACD predictor, however, indicates a scenario in which the bulls would prevail after they have undergone a bullish crossover.

SushiSwap [SUSHI]

Source: SUSHI/USD, TradingView

SushiSwap’s stock has risen by more than 13 per cent over the past week and is currently trading at $17.8 with a market cap of $2.2 billion. Despite the gains recorded in the last week, from a long-term perspective, the coin remained very wide-ranging between the $20.3 resistance and $12.3 support.

RECOMMENDED READ:  Dogecoin Rises 75% as Bitcoin approaches $35K

The Bollinger Bands continue to contract to represent the low level of volatility in the price action of the coin. The MACD indicator saw that its signal line crossed the MACD line as a bearish crossover was observed.


 312 Interactions,  4 today

Cardano, NEM, Sushiswap Price Movement Analysis for 3rd March, 2021

While the on-chain metrics for Cardano, NEM, and SUSHI pointed to a short-term pullback, the fate of the altcoins rested Read more

Aave, Coin, SushiSwap Price Movement Analysis for 1st March 2021

After a steep correction in the last week, the cryptocurrency market has again showed signs of a shift of direction. Read more

Cardano, FTX Token,SushiSwap Price Movement Analysis for 27th February 2021

Cardano took its new position as the third-largest market cap cryptocurrency after hitting a value of $1.39 on charts with Read more

EOS, NEM, SushiSwap Price Movement Analysis for 23rd February 2021

Altcoins, such as EOS and SUSHI, recorded southbound breakouts from their parallel networks, with both $3.8 and $13.4 eyeing support Read more

RECOMMENDED READ:  Altcoins attempting to insulate from Bitcoin: GNY, ALPHA, UNI, VGX, QNT.

Leave a Reply

Your email address will not be published. Required fields are marked *

Contact Us