SushiSwap [SUSHI], as of 31 October, made it to the list of the top Polygon projects in terms of galaxy score, only behind AAVE. This was a major update for SUSHI that could play in favor of the blockchain in terms of a possible price surge in the coming days. Furthermore, a higher galaxy score […]
’s NFT space also witnessed a decline. The total NFT trade count witnessed a downfall last week. Furthermore, the NFT trade volume in USD, after registering a spike, also went down later in the week.’s daily chart revealed that the bears and the bulls were struggling to beat one another. Market indicators, too presented an ambiguous front. For instance, the Exponential Moving Average Ribbon indicated a buyers’ advantage in the market as the 20-day EMA was above the 55-day EMA.
The Moving Average Convergence Divergence ’s data complemented that of the EMA Ribbon, but it also suggested that things might take a U-turn as it displayed a possibility of a bearish crossover soon. The Relative Strength Index , after touching the overbought zone, registered a decline, a bearish signal. Moreover, the Chaikin Money Flow also marked a downtick, further increasing the chances of a price plummet.Subscribe to get it daily in your inbox.
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