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

Spread the love

Cardano took its new position as the third-largest market cap cryptocurrency after hitting a value of $1.39 on charts with a market capitalisation of $43.7 billion. FTX Token saw some indecision around the $28-mark, with its trading volume also decreasing. Finally, SUSHI once again traded at its range of highs, with its previous jump over $15.9 highlighting several places for profit-taking.

Cardano [ADA]

ADA has pushed north strongly past the previous local peak at $1.2. The Fibonacci Retracement Tool for ADA’s step up to $1.2 from $0.68 provided the 27 per cent ADA expansion target of $1.39, with a 62 per cent ADA expansion rate of $1.69.

Any of the levels of support for ADA plotted can be expected to act as retracement support. The MACD displayed a strong bullish momentum behind ADA, and while it was over-purchased in the short term, a pullback had not yet been signalling. So the $1.39 and $1.5 amounts are the ones to look out for.

Finally, the rate of trade decreased marginally relative to the $1.25 increase, and this may be an early indication of a change in consumer sentiment.


FTX Token [FTT]

Cardano, SushiSwap, FTX Token Price Analysis: 27 February

Source: FTT/USD on TradingView

FTT reported a declining trading volume, with the Amazing Oscillator also showing a poor momentum behind FTT. FTT has made a triple top of $34 over the past week and slipped to $26, a level that stood firm against selling pressure on several tests as well.

RECOMMENDED READ:  Crypto lawyer on what you should expect from Ripple vs SEC day in court

At the time of writing, the $26-area will be a reasonable place to set purchase orders, with a stop-loss set at $25.5 or slightly lower. This would represent a good risk-to-reward trade, although the momentum and trading volume of the FTT would have to be measured on the basis of another $26-region examination.

SushiSwap [SUSHI]

Cardano, SushiSwap, FTX Token Price Analysis: 27 February

Source: SUSHI/USDT on TradingView

Since the beginning of February, the range of $12.3 to $15.9 has been one that has been respected and sought to break up. These breakouts showed levels that could once again pose resistance to another step to the north for SUSHI.

In the short term, once again testing the range highs would be a bullish move. If the $15.9-$16 level is adjusted to help, it is possible that SUSHI will travel higher to test $17.1 for resistance. The RSI showed a bullish momentum behind SUSHI with a value of 58 on the hourly map, with the same momentum remaining above 50 in the last few days.

RECOMMENDED READ:  Chainlink Price Movement Analysis for 19th March, 2021

 324 Interactions,  4 today

Polkadot, VeChain, SushiSwap Price Movement Analysis for 10th April, 2021

Polkadot could soon convert the $42 level to help and begin to rise. SushiSwap was heading downward but could display Read more

Aave, Binance Coin, SushiSwap Price Movement Analysis for 5th April, 2021

Aave tried to reach the range highs of $421. Binance Coin has approached its former peak of $356, and the Read more

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

Binance Coin predicted that fresher record thresholds will be set in the coming days due to solid technicals. Following a Read more

Cardano, Enjin, SUSHI Price Movement Analysis for 3rd April, 2021

It's impossible to translate into terms how the cryptocurrency market has done in the last several days. In the one Read more

EOS, NEM, SUSHI Price Movement Analysis for 1st April, 2021

EOS broke out past a production zone and would look to retest it to validate the shift to demand. NEM Read more

Hedera Hashgraph, LEO, SushiSwap Price Movement Analysis for 28th March, 2021

Since sustaining losses in the previous week, the altcoin market seems to be on the rebound at the moment. This Read more

SushiSwap, Klaytn, Terra Price Movement Analysis for 26th March, 2021

Bearish sentiment had not yet reversed across the altcoin markets, but some coins, in particular, showed a lack of selling Read more

SushiSwap announces the first edition of the lengthy Kashi release.

SushiSwap aspires to have a broader nett of margin assets than independent DeFi lending sites. Exchange that is decentralised SushiSwap Read more

Binance Coin, Enjin Coin, SUSHI Price Movement Analysis for 25th March, 2021

In the last few days, there has been a spike in bearishness in the cryptocurrency sector. As predicted, this followed Read more

Sushiswap, Qtum Price Movement Analysis for 24th March, 2021

SUSHI's downtrend could be reversed if the bulls retake the $19.2-level, while THETA could cool off from record highs. SushiSwap Read more

Why Defi tokens, AAVE, SUSHI, UNI deserve your undivided attention in the current market cycle

The altcoin season has been a cliche, and DeFi tokens have rallied to the point of leading the most recent Read more

Leave a Reply

Contact Us