On the final day, some altcoins saw opposing price movements. Polkadot continued to show range-bound move and fell through its $ 33.37 support line. Sushiswap lost 3.6% eyeing the immediate support line of $ 12.58. However, Enjin Coin climbed a modest 1.7% on its chart, trading near its weekly high of $ 2.20.

Polkadot (DOT)

Polkadot, Sushiswap and Enjin Price Analysis: September 4th

DOT / USD, TradingView

DOT saw a consolidation on its chart, declining 0.3% to trade at $ 33.25. The altcoin had just fallen below its $ 33.37 support line and a downside push could land it at $ 28.94.

Failure to maintain the $ 28.94 support level, the DOT would pull down to trade near its weekly low of $ 25.22. MACD red bars flashed in his histogram, indicating a drop in prices.

Corresponding, Great oscillator red signal bars displayed. On the other hand, purchasing power remained bullish as the Relative Strength Index was above the 60 mark.

A spike in DOT’s price action due to continued demand would help push the coin above its multi-month high of $ 33.25 and plunge above the resistance levels of $ 33.37 and $ 34.66.

Sushi exchange (SUSHI)

Polkadot, Sushiswap and Enjin Price Analysis: September 4th

SUSHI / USD, TradingView

SUSHI posted a 3.6% decline in the past 24 hours and was valued at $ 13.05. The token was trading near $ 12.58, its immediate support line. A decline below $ 12.58 will cause SUSHI to rest on its weekly low of $ 11.17.

SUSHI hasn’t dropped below the $ 11.17 mark in over three weeks. It isIndicators pointed to a decline in the share price. MACD saw red bars in his histogram. Great oscillator red signal bars also flashed.

In contrast, capital inflows remained in the bullish territory, which is reflected in Chaikin money flow. Investors may be more interested in the recent developments related to the upcoming Sushiswap NFT Shoyu Marketplace.

Enjin coin (ENJ)

Polkadot, Sushiswap and Enjin Price Analysis: September 4th

ENJ / USD, TradingView

Enjin Coin was up 1.7% on the last day to trade at $ 2.11. The overhead resistance was $ 2.20. It last reached this price level a week ago and marked it as a one-week high.

Moving up, the altcoin can hit a multi-month high of $ 2.30 after breaking the $ 2.20 price line. Technical indicators indicated bullish price action. MACD noticed growing green bars in the histogram.

Relative Strength Index stood at 60 after reviving purchasing power in the past 24 hours. Parabolic SAR also showed dotted lines under the candles, indicating an uptrend.

On the flip side, Enjin’s support was at $ 2, falling below the altcoin trading near the $ 1.77 support line, a level it last hit two weeks ago. The price line mentioned had also acted as a driving price point in the past two weeks.

Recently Enjin in partnership with Stormrite, an open world RPG game. Stormrite will launch cosmetic, environmentally friendly NFTs on Enjin’s platform.


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