TRON, IOTA, SUSHI price analysis: August 6th

After the price of Ethereum closed above $ 2,800 after the London hard fork, other alts have seen gains over the past 24 hours. TRX and IOTA jumped above their immediate resistance levels while SUSHI saw an 8.2% increase.


TRX / USD, TradingView

TRX was trending up at the time of going to press. The price was at $ 0.070 after rising 2.8% in 24 hours. With the chart showing signs of bullish momentum, the next price cap for TRX would be $ 0.072.

The Relative Strength Index stood at 68 and underlined considerable purchasing power. That Great oscillator also painted the same picture of bullish strength in the market. Despite the Chaikin money flow At the time of going to press she was submerged and was well spotted within the bull zone. This was a sign that the price could follow an uptrend in the next trading sessions.

However, should the price fall from here, the support zone would wait at the $ 0.066 level.


TRON, IOTA and sushi swap price analysis: August 6th

IOTA / USD, TradingView

IOTA was up 7% as the altcoin was priced at $ 0.886 at press time. If the upside momentum continues, it could also test the $ 0.970 level.

However, although IOTA reported significant gains, price action remained a bit tight in the past trading sessions. The same perception was corroborated by the indicator of weak momentum on the Great oscillator and the MACD Indicator.

That Relative Strength Index, on the contrary, flashing bullish signals as seen above the half-line after buying pressure increased.

Sushiwap [SUSHI]

TRON, IOTA and sushi swap price analysis: August 6th

SUSHI / USD, TradingView

At press time, SUSHI was trading at $ 9.17, up 8.2%. With buying pressure mounting, the price could attempt to break the USD 9.45 resistance level for the second time in a few days.

That Great oscillator saw the reinforcement of the green signal bars on the charts. That Relative Strength Index noted a value of 60 indicating bullish strength.

Finally the Bollinger Bands opened in anticipation of increased price volatility.

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