The price of cryptocurrency remained volatile this weekend, as the US employment report was strong and geopolitical concerns increased. This reduced the likelihood of further interest rate reductions. Bitcoin is still at $61,000, while the total market capitalization of all coins dropped to $2.15 billion. This article examines top coins such as Sui (SUI), Litecoin(LTC), Poodlana(POODL).
Sui price analysis
In the last few weeks, Sui token was one of the top performers on the market. The token has risen from a low in July of $0.4635 up to a peak of $2.0. The recovery was accelerated by the popularity of some top meme currencies like Sudeng and Blub.
The DEX ecosystem has also risen in popularity, as have other tokens like Cetus or Scallop.
As the Exponential Moving Averages 50 and 200 days crossed, a cross-shaped pattern was formed.
The Sui token appears to be forming the cup-and-handle pattern. This is considered a bullish signal. This pattern’s upper edge is $2.1765 – its highest point.
The momentum will continue to drive the Sui Token upwards in the short term. The token will confirm this upward trend if it crosses $2, the highest point of last week.
TradingView SUI Chart
Litecoin Price Forecast
Litecoin has also seen a slight rise in recent days. The price has increased in four days straight as investors have bought the dip.
The coin’s lowest point was $60 in January. This was the same as in August and September.
Litecoin is also above the 50 day EMA. It remains also below the 200 day moving average. The Relative Strength Index has moved above neutral at 50.
Litecoin is currently neutral, and the main support and resistance points to monitor are at $60.50 and $71.55.
TradingView LTC Chart
Poodlana price prediction
Poodlana, a meme coin of the highest quality, completed its token sales in September. The sale was one of its most successful, raising millions from investors.
Poodlana has plunged along with other tokens recently released like LayerZero Hamster Kombat Notcoin Catizen Wormhole Hamster Kombat Notcoin.
The decline was caused by the fact that many previous token holders have sold their tokens. POODL is down from $0.0040 to $0.042 since September. The POODL has fallen below the 50 period moving average.
The token, on the plus side, has created a pattern of descending wedges, as shown below in purple. The wedge pattern is close to its convergence level. This means that a breakout in the bullish direction will be likely.
Poodlana also has a divergence pattern that is bullish, as both the Relative Strength Index and MACD are pointing upwards.
The next level to monitor is $0.012, which will represent the lowest point of the market on September 26. This represents a 200% increase from the current price. Find out more about Poodlana.
TradingView POODL Chart
The post Crypto Price Predictions: Sui, Litecoin and Poodlana could be updated as new information becomes available
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