Sui (SUI) and Onddo (Ondo) prices have recently entered the orbit of a decline. Crypto Money Analyst Manish Chhetrisui says that both Altcoin may be preparing for a double -digit collapse because of the fell momentum of technical indicators. The analyst examines the technical painting of SUI and Ondo.
Water Price Estimation: Bears aim to collapse 25 %for crypto currency!
The price of Sui (SUI) fell below a trend line rising on January 19. However, the next two days recovered to re -test the trend line, but was rejected. This led to a 17 %decrease until Sunday. On Monday, the water tested $ 3.78 around the 200 -day mobile average (EMA) and found support. During the article on Tuesday, it was traded around $ 3.90.
If the water breaks its 200 -day EMA for $ 3.78 on a daily basis, it will expand its fell to test its next level of support from $ 2.96. This will mean a decrease of approximately 25 %from the current level. The relative power index (RSI) in the daily graph shows 38 and points downwards. This refers to more space to extend the decline by pointing to the strong decline momentum that is not yet under over -selling conditions. The moving average convergence deviation (MACD) indicator also gives a sales signal by showing a decrease tendency. Raising under the neutral zero line, the red histogram bars show that Sue’s price can maintain the downward acceleration.
Water/USDT Daily GraphicsOndo Price Estimation: Token is preparing for a double -digit decline!
The price of Ondo (Ondo) fell from 61.8 %Fibonacci to $ 1,54 on Sunday. In addition, the crypto money price fell almost 7 %until Monday. During the article on Tuesday, he was around $ 1.33. If the level of $ 1,54 remains resistance, it will re -test $ 1.09 with a low level of $ 1,09 on January 13, extending the ond decrease by about 20 %.
The relative power index (RSI) indicator in the daily graphic indicates a slowdown in the rise momentum by pointing below 50 with the neutral level with the neutral level. The moving average convergence deviation (MACD) indicator supports this. If Macd goes on a daily tendency on a daily basis, it will give a sales signal and indicate that there is a future a downward trend.
Ondo/USDT daily graphicsAccording to Coings’s OI -weighted funding rate data, which supports the decrease tendency, the number of traders that bet on the further funding rate will fall further, higher than those waiting for a price increase. This index is based on the return of futures weighted transaction contracts according to open interest rates. In general, a positive ratio (Longs pay to Short) shows the tendency to rise, while negative figures (Shorts pay to Longs) show a decrease tendency. For Onddo, this metric is at -0,0014% and reflects a negative ratio. Therefore, it shows that Short pays to Longs. This scenario usually points to the feeling of fall in the market.
The opinions and estimates in the article belong to the analyst and are not definitely investment advice. Kriptokoin.comWe recommend that you do your own research before investing.
