The CRO tried to recapture the 38.2% Fibonacci retracement level behind the positive indicators. While IOTA moved within a horizontal channel, SUSHI showed signs of exhaustion from record levels. Coin [CRO] price analysis Coin has dropped 7% in the past 24 hours and fell below the 38.2% Fibonacci level. However, OBV reflected healthy buying pressure as the bulls tried to regain lost ground. The stochastic RSI showed an upward trend in the oversold zone and supported a short-term positive result.

A move above the 50% Fibonacci level requires a sharp increase in trading volumes, which is minimal at the time of writing. On the other hand, the presence of buyers in the market must compensate for a move below the 23.6% Fibonacci level.

IOTA price analysis

Gains over the past 30 days have now been above 14% as IOTA picked up its recovery slightly below the $ 1 level and steadily climbed on the charts. However, the range of $ 1.43 – $ 1.23 offered a horizontal channel for IOTA, a region where the price has been trading for more than a week.

The Awesome Oscillator showed the momentum shifting back and forth as the price oscillated between the upper and lower trend lines. Momentum stood by the sellers once again at the time of writing. The RSI fluctuated around the 50 mark and showed a stable market. The increase in 24-hour trading volumes may offer some insight into a breakout in either direction.

Sushiswap [SUSHI] price analysis

Successive long green stem candlesticks on Sushiswap’s 4-hour charts reflected the dominant bullish sentiment in the market as the price broke north of the $ 20.41 resistance and traded at record highs. The histogram recorded rising bullish momentum as the MACD line rose well above the Signal line. The earnings were also supported by an increase in 24-hour trading volumes, which reached $ 1.7 billion at the time of writing.

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The optimism waned with the appearance of a doji candlestick in the last trading session. Doji is often associated with a reversal and shows indecision in the market. OBV also fell, indicating a drop in buying pressure. A small retreat at the instant support mark can be buffered. Any lower move could threaten the next support level at $ 17.2.


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