Cryptocurrency prices remained on edge this weekend after the strong US jobs report and the rising geopolitical issues reduced the chances of more aggressive interest rate cuts. Bitcoin remained at $61,000 while the market cap of all coins has dropped to $2.15 trillion. This article looks at top coins like Sui (SUI), Litecoin (LTC), and Poodlana (POODL).
Sui price analysis
Sui token has been one of the best performers in the market in the past few weeks. It soared from the July low of $0.4635 to a high of $2.0 this month. This recovery continued as some of its top meme coins like Sudeng, Fud the Pug, and Blub gained traction.
Other tokens in its ecosystem like Cetus and Scallop have also become popular while its DEX ecosystem jumped.
The coin has formed a golden cross pattern as the 50-day and 200-day Exponential Moving Averages (EMA) crossed each other.
There are signs that the Sui token is forming a cup and handle pattern, a popular bullish sign. The upper side of this pattern is at $2.1765, its all-time high.
Therefore, the Sui token will likely continue doing well in the near term as the momentum continues. This upside will be confirmed if the token rises and crosses the important point at $2, its highest point last week.
SUI chart by TradingView
Litecoin price forecast
Litecoin, a leading proof-of-work cryptocurrency, has also risen slightly in the past few days. It has jumped in the last four consecutive days as some investors buy the dip.
This recovery happened after the coin bottomed at $60, its lowest point in January. It was also the lowest point in August and September.
Litecoin has also risen above the 50-day EMA. It also remains below the 200-day moving average, while the Relative Strength Index (RSI) has pointed above the neutral point at 50.
Therefore, Litecoin’s outlook is neutral for now, with the key support and resistance point to watch will be at $60 and $71.55.
LTC chart by TradingView
Poodlana price prediction
Poodlana is a top meme coin that completed its token sale in September. It had one of the most successful sales when it raised millions of dollars from investors.
Poodlana, like other recently launched tokens like LayerZero, Wormhole, Hamster Kombat, Notcoin, and Catizen, have all plunged.
This decline happened because many of the previous holders sold their tokens. POODL has dropped from $0.042 in September to $0.0040 currently. It has also moved below the 50-period moving average.
On the positive side, the token has formed a falling wedge pattern, which is shown in purple below. This wedge is nearing its confluence level, meaning a bullish breakout will likely happen.
Poodlana has also formed a bullish divergence pattern as the Relative Strength Index (RSI) and the MACD have all pointed upwards.
If this happens, the next point to watch will be at $0.012, its lowest point on September 26, which is about 200% from the current level. Learn more about Poodlana here.
POODL chart by TradingView
The post Crypto price predictions: Sui, Litecoin, and Poodlana appeared first on Invezz
