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

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Polkadot could soon convert the $42 level to help and begin to rise. SushiSwap was heading downward but could display some market deflation between $14.4-$15 before a strong momentum shift outside that region. VeChain was still in a strong uptrend targeting $0.152, and SushiSwap was trending downward but could show some price compression between $14.4-$15 before a strong momentum move outside that area.

Polkadot [DOT]

Polkadot was once again trading above the $42 mark. In the last month, it has risen dramatically from $30 to $46. Unable to break through this hurdle, DOT saw a pullback to $38 and demand starting to return.

This purchasing pressure sent prices beyond the $42 mark, which could turn into support in the coming hours. As a result of this growth, DOT will possibly return to the $46 highs, if not surpass them. The $40-$42 range is a purchasing zone, with expectations of $46 and $48 and perhaps higher, given that Ethereum has space for profits as well.

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VeChain [VET]

Polkadot, VeChain, SushiSwap Price Analysis: 10 April

Source: VET/USDT on TradingView

VET reached a local high of $0.1 two weeks ago, stabilised under this mark, and dropped as low as $0.076. Fibonacci retracement and extension values were plotted using this as a swing low and its candle to $0.121 in the last few days (white).

Both the ADX (yellow) and the +DI (blue) of the DMI were above 20, indicating a clear uptrend. The CMF was also slightly above +0.05, indicating that consumers dominated the market.

VET has retraced from $0.121 to $0.1 and has since soared on high trading activity, with take-profit prices at $0.144 and $0.152 suggesting more gains.

SushiSwap [SUSHI]

Polkadot, VeChain, SushiSwap Price Analysis: 10 April

Source: SUSHI/USDT on TradingView

SUSHI shaped a growing wedge and has since trended downward from its highs of $22 to challenge the $13.5 level of support. The pattern was continuing at the time of writing, but the $14.44 was defended to form a higher low, and any market compression is likely before a strong change in any direction.

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On the rebound off the $13.5 mark, the MACD and Awesome Oscillator were both reverting to 0, indicating that the bearish momentum of the previous few days was reverting back to neutral.

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