Ripple, SushiSwap, Axie Infinity Price Analysis – April 14
April 14th price analysis for Ripple, SushiSwap and Axie Infinity. The Bitcoin (BTC) price bounce over the past day had many crypto coins triggering some upticks over the recent hours. Meanwhile, SushiSwap and Axie Infinity still exhibited massive resistance to the upside.
XRP has seen its momentum shifting to bullishness in the lower time frame. However, the remittance token’s market structure stayed bearish as most assets in the crypto space suffer downward actions. However, the BTC price bounce over the past day had many crypto coins triggering some upticks over the recent hours. Meanwhile, SushiSwap and Axie Infinity still exhibited massive resistance to the upside.
Ripple (XRP)
The dotted line remains a crucial zone that the leading remittance token in long time frames. Moreover, the line has ceded XRP bears over the past week. While writing this blog, Ripple encountered a massive hurdle at $0.75. Though the altcoin saw some upward moves from the lows of $0.69, its market structure remained pessimistic.
The 21 Simple Moving Average presented a bullish cross beyond the 55-period MA on the 1hr chart. That reflected an upside strength over the past few days. Moreover, the Relative Strength index surged over the neutral 50. On the other side, the $0.74 to $0.76 range can offer a massive resistance for upward bullish actions.
Axie infinity (AXS)
AXS has traded inside a range and hovered beyond the range peaks at this publication. Nevertheless, that does not mean an imminent breakout for Axie infinity. Shorting or selling opportunities may be around the corner.
The price sometimes surpasses the range’s bounds in liquidity search before reversing towards the opposite side. The on-balance volume corroborates as it moved sideways. The OBV could have witnessed a much more upsurge amid genuine breakouts.
SushiSwap (SUSHI)
The descending trend-line resistance posed a challenge to SUSHI bulls. The downward move to $3.07 from $3.62 showed the $3.41 – $3.5 range as a region where the previous fall may resume. Meanwhile, the Fibonacci zones and the trend-line resistance represent a resistance confluence that may see bulls struggling to conquer.
Contrarily to the bearish narrative, the Relative Strength index stands around 65 to display massive bullish strength. Moreover, the Chaikin Money Flow stayed beyond positive 0.05, showing a substantial buying pressure. Such readings suggest an upside move for SUSHI.
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