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SushiSwap’s price surged as the DEX platform’s volume and revenue increased.
Immutable X (IMX) did well after Passport’s launch.
SingularityDEX tokens may form a double top pattern.
Bitcoin prices have been very strong this week as the market focused on the Federal Reserve Board decision, big tech earnings and strong employment numbers. As a result, the market capitalization of all cryptocurrencies remained above $1 trillion, even as the momentum seemed to wane. In this price prediction article, we focus on cryptocurrencies that are doing well on Friday, including Immutable X (IMX), Sushi, and AGIX.
The SUSHI crypto price has become parabolic as decentralized finance (DeFi) volumes and revenues have increased. On the 4H chart, SushiSwap’s token has risen above the key resistance level of $1.48 (the November 30 high). It also broke above the key resistance point of $1.4154 (the January 22 high).
This rise coincided with an increase in trading volume. In technical analysis, volume is one of the most important things investors look at. In most cases, large movements that are not supported by volume do not last long. Meanwhile, the coin has crossed the 50-day EMA, which connects the low points from January 1 to 25.
so is it safe buy sushi swapSo when the volume flow dips I suspect the coin will pull back over the weekend as investors start taking profits.? If this happens, $1.4856 will be the key support level to watch.
SUSHI/USD chart by TradingView
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Immutable XAs we wrote, IMX prices skyrocketed this week after the company created immutable passports. hereOverall, the coin’s price surged to a $1 high, about 161% above its December low. On the daily chart, we can see that the volume has been on an upward trend since his December.
IMX crypto also broke above the key resistance point of $0.7483, the January 25th high. It also broke above the November 5 high of $0.7290. The bullish trend is supported by the moving averages. But like SUSHI, I think the coin is ripe for a pullback in the coming days. If this happens, the coin is likely to retreat to the support at $0.7483.
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Artificial intelligence is taking the world by storm, especially after the launch of ChatGPT. This explains why his AGIX price on SingularityNET is skyrocketing. Recent notable riseThe token surged to a high of $0.25 on Friday, its highest since Jan. 14. At its peak on Friday, the coin was up 555% from its December low.
It looks like AGIX is about to form a double top pattern with an upper limit of $0.25. This view is supported by the fact that the coin’s volume is trending downward. Therefore, unless the bulls sustain above $0.25, a bearish breakout is likely in the next few days.
