SushiSwap’s price jumped as volume and revenue rose on DEX platforms.
Immutable X (IMX) has done well since the launch of Passport.
The SingularityDEX token could form a double top pattern.
Bitcoin price has stabilized well this week as the market focused on the Federal Reserve’s decision, big tech earnings, and strong jobs numbers. As a result, the total market cap of all cryptocurrencies has remained above $1 trillion even as the momentum has waned. In this price prediction article, we’ll focus on a few of the cryptocurrencies that are doing well on Friday, including stablecoin X (IMX), sushi, and AGIX.
SushiSwap price forecast
SUSHI crypto price went parabolic as volume and revenue rose in decentralized finance (DeFi). On the 4-hour chart, SushiSwap token rose above the important resistance at $1.48 (November 30 high), and also rose above the key resistance at $1.4154 (Jan 22 high).
This rise coincided with an increase in size. In technical analysis, volume is one of the most important things that investors watch. In most cases, a major movement that is not supported by volume does not last. Meanwhile, the currency jumped above the 50-day moving average, which connects the lowest points between Jan. 1 and Jan. 25.
So, is it safe Buy sushi swap? So, with volume flowing lower, I suspect that the coin will roll over over the weekend as investors start to take profits. If this happens, the key support level to watch will be at $1.4856.
SUSHI/USD chart by TradingView
How to buy sushi swap
eToro is a global social investment brokerage that offers over 75 cryptocurrencies to invest in. It offers commission-free crypto trading and users on the platform have the option to invest manually or invest socially. eToro also has a unique CopyTrader system that allows users to automatically copy the trades of popular investors.
Buy SUSHI with eToro today
Bitstamp is a leading cryptocurrency exchange offering trading of popular fiat or cryptocurrencies. Bitstamp is a fully regulated company that provides users with an easy-to-use interface, a high degree of security for your digital assets, excellent customer support, and multiple withdrawal methods.
Buy SUSHI with Bitstamp today
The X price prediction is immutable
X is immutableThe price of IMX rose this week after the company created Immutable Passport, we wrote here. All in all, the coin’s price soared to a high of $1, which was about 161% higher than the December low. On the daily chart, we see that volume has been tracking upwards since December.
The IMX cryptocurrency also moved above the crucial resistance at $0.7483, the January 25 high. It also rose above $0.7290, the November 5 high. The uptrend is supported by the moving averages. But like SUSHI, I suspect the coin is ripe for a decline in the coming days. If this happens, the coin is likely to drop to the support at $0.7483.
IMX/USD Chart by TradingView
How to buy Immutable X
Start your Cryptocurrency journey today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital assets.
Buy IMX with Huobi today
AGIX price prediction
Artificial intelligence is taking over the world, especially after the launch of ChatGPT. This explains why SingularityNET’s AGIX price has been in a range Remarkable march lately. The token rose to as high as $0.25 on Friday, the highest point since Jan. 14. At its peak on Friday, the coin was up 555% from its lowest point in December.
It appears that AGIX is about to form a double top pattern with its upside at $0.25. This view is supported by the fact that the volume of the currency is trending downwards. Therefore, there is a possibility that the coin will have a downside breakout in the coming days unless the bulls push it above $0.25.
IMX/USD Chart by TradingView