Binance Coin, Dogecoin, SushiSwap Price Movement Analysis for 4th April, 2021

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Binance Coin predicted that fresher record thresholds will be set in the coming days due to solid technicals. Following a decline from $0.07, Dogecoin finds help at $0.055. Finally, SushiSwap oscillated within a range, and a short-term breakout seemed impossible.

Binance Coin [BNB]

Although the wider market pullback in late February did pause Binance Coin’s uptrend, it was a small blip in the crypto-solid asset’s start to 2021. Support at $230 fueled a surge on the 4-hour timeframe, resulting in newer record highs for BNB as it reached north of $350. Behind the bullish action of the BNB, the OBV developed higher highs and demonstrated healthy purchasing leverage. However, at the time of publication, the index had stabilised.

Although the MACD indicated some bearish market dynamics, the fast-moving line closed in on the Signal line. BNB’s solid technicals, combined with a bullish wider market, can drive the price up to $450 in the coming weeks.

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Dogecoin [DOGE]

Source: DOGE/USD, TradingView

The Dogecoin industry has historically been vulnerable to social media phenomena, as shown by Elon Musk’s most recent tweet about the cryptocurrency. Although the 4-hour chart showed a 21 percent increase in a single session, the market almost immediately reversed its course. As a result, DOGE was able to find help at a higher level of $0.055, an area that has historically raised the amount.

The Stochastic RSI moved beyond the oversold zone after a bullish crossover. The ADX, on the other hand, pointed south from 36 and indicated a weakening pattern. The 24-hour trading volumes dropped by 43%, indicating that competition in the DOGE market was dwindling.

SushiSwap [SUSHI]

Source: SUSHI/USD, TradingView

During the month of March, sushi saw ups and downs. If the market reached new highs in the first half of the month, it retreated to $14.3-support in the second half. Since then, SUSHI has mostly traded in the $16.4-$14.3 range. Lower OBV highs were not a promising indicator for SUSHI’s short-term trajectory, and the price would stay low until purchasing interest rose.

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On the plus side, the Chaikin Money Flow increased above the half-way point as cash returned to the SUSHI industry. Stronger signals, on the other hand, were needed for a breakaway from the current channel. A wider market turnaround may be one such warning, but resistance at the $18.3 level is anticipated.

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