{"id":181716,"date":"2021-09-04T22:30:28","date_gmt":"2021-09-04T17:00:28","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=181716"},"modified":"2021-09-04T21:33:21","modified_gmt":"2021-09-04T16:03:21","slug":"polkadot-sushiswap-enjin-coin-price-analysis-04-september","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/polkadot-sushiswap-enjin-coin-price-analysis-04-september\/","title":{"rendered":"Polkadot, Sushiswap, Enjin Coin Price Analysis: 04 September"},"content":{"rendered":"

Over the last day, some altcoins witnessed contrasting price movements. Polkadot continued to show range-bound movement and fell through its $33.37 support line. Sushiswap lost 3.6% and eyed the immediate support line of $12.58. Enjin Coin, however, climbed up its chart by a minor 1.7%, trading close to its weekly high of $2.20.\u00a0<\/span><\/p>\n

Polkadot (DOT)<\/b><\/h3>\n
\"Polkadot,<\/a>
DOT\/USD<\/a>, TradingView<\/figcaption><\/figure>\n

DOT<\/a> witnessed consolidation on its chart, declined by 0.3% and was trading at $33.25. The altcoin had just dipped below its $33.37 support line and a downward push could land it on $28.94. <\/span><\/p>\n

Failing to sustain over the $28.94 support mark, would drag DOT down to trade near its weekly low of $25.22.\u00a0<\/span>MACD<\/strong> flashed red bars on its histogram, indicating a drop in prices. <\/span><\/p>\n

Correspondingly, Awesome Oscillator<\/strong> displayed red signal bars.\u00a0<\/span>On the other hand, buying strength still remained bullish, as the Relative Strength Index<\/strong> stood above the 60-mark.\u00a0<\/span><\/p>\n

An upturn in DOT\u2019s price action owing to sustained demand, would help push the coin above its multi-month high of $33.25 and topple over the $33.37 and $34.66 resistance marks.\u00a0<\/span><\/p>\n

Sushiswap (SUSHI)<\/b><\/h3>\n
\"Polkadot,<\/a>
SUSHI\/USD<\/a>, TradingView<\/figcaption><\/figure>\n

SUSHI noted a dip of 3.6% over the last 24 hours and was valued at $13.05. The token was trading close to $12.58, its immediate support line. A decline below $12.58 will push SUSHI to rest on its weekly low of $11.17. <\/span><\/p>\n

SUSHI<\/a> hasn\u2019t fallen below the $11.17 mark in over three weeks’ time. Its i<\/span>ndicators pointed towards bearish price action. MACD<\/strong> witnessed red bars on its histogram. Awesome Oscillator<\/strong> also flashed red signal bars. <\/span><\/p>\n

In contrast, capital inflows remained within the bullish zone as reflected by Chaikin Money Flow<\/strong>.\u00a0<\/span>Investors could express increased interest, given the recent development related to Sushiswap\u2019s forthcoming NFT, <\/span>Shoyu Marketplace<\/span><\/a>.\u00a0<\/span><\/p>\n

Enjin Coin (ENJ)<\/b><\/h3>\n
\"Polkadot,<\/a>
ENJ\/USD<\/a>, TradingView<\/figcaption><\/figure>\n

Enjin Coin<\/a> went up by 1.7%, over the last day, and was trading at $2.11. The overhead resistance stood at $2.20. It had last touched that price level a week ago, marking it as a one-week high. <\/span><\/p>\n

Going further up, the altcoin can record a multi-month high at $2.30 after toppling the $2.20 price line. Technical indicators<\/span> pointed towards bullish price action. MACD<\/strong> noted growing green bars on the histogram. <\/span><\/p>\n

Relative Strength Index<\/strong> stood at 60, after buying strength revived over the last 24 hours. Parabolic SAR<\/strong> also showed dotted lines below the candlesticks implying an uptrend.\u00a0<\/span><\/p>\n

On the downside, Enjin\u2019s support lay at $2, falling below which, the altcoin would trade near the $1.77 support line, a level it last touched two weeks ago. The mentioned price line, had also acted as a propelling price point over the last two weeks.\u00a0<\/span><\/p>\n

Recently, Enjin <\/span>partnered<\/span><\/a> with Stormrite, an open-world RPG game. Stormrite will introduce cosmetic, eco-friendly NFTs to Enjin\u2019s platform.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Over the last day, some altcoins witnessed contrasting price movements. Polkadot continued to show range-bound movement and fell through its $33.37 support line. Sushiswap lost 3.6% and eyed the immediate support line of $12.58. Enjin Coin, however, climbed up its chart by a minor 1.7%, trading close to its weekly high of $2.20.\u00a0 Polkadot (DOT)Continue reading “Polkadot, Sushiswap, Enjin Coin Price Analysis: 04 September”<\/span><\/a><\/p>\n","protected":false},"author":45,"featured_media":181722,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,4,20],"tags":[],"class_list":["post-181716","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nPolkadot, Sushiswap, Enjin Coin Price Analysis: 04 September - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Over the last day, some altcoins witnessed contrasting price movements. 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