In the wake of the upward trend in Bitcoin and Ethereum, altcoins also increased significantly.

Cardano rose 12.2% and was nearing its price cap of $ 2.79. SUSHI made a significant rebound, rising 12.8% on the charts and trading above its 1 week low. Eventually VET rose 11.6% and if it successfully breaks its overhead resistance it could trade near its multi-month high of $ 0.140.

Cardano [ADA]

Cardano, Sushiswap and VeChain price analysis: September 9th

ADA / USD, TradingView

Cardano is up 12.2% in the past 24 hours. The altcoin was priced at $ 2.60 and was targeting its immediate overhead resistance of $ 2.79. A fall in the above price level would push ADA trading above its weekly low. Additional resistance was at its multi-month high of $ 3.04.

Technical data signaled a price recovery. The price of the altcoin climbed just above its 4-hour SMA of 20. This suggests that the momentum was in favor of buyers. According to the same reading, Relative Strength Index rose from the oversold zone and positioned itself on the center line.

MACD flashing green histograms. Parabolic SAR showed dotted lines under the candles, indicating an uptrend.

On the flip side, immediate support was at a two-week low of $ 2.20 and then its four-week low of $ 1.72.

SushiSwap [SUSHI]

Cardano, Sushiswap and VeChain price analysis: September 9th

SUSHI / USD, TradingView

SUSHI was up 12.8% for $ 11.50. At this price level, SUSHI was trading above its 1-week low. If it rose further, the Alt would fall $ 12.58 and hit its multi-month high of $ 14.62 again.

MACD decreased in recent trading sessions and a green histogram flashed. Great oscillator also shown green signal bars. Relative Strength Index, but stayed below the mid-line at the 40 mark, suggesting that buying pressure was still low.

If buying pressure remains low, SUSHI could fall to $ 11.17 and then to its one-month low of 10.11.

VeChain [VET]

Cardano, Sushiswap and VeChain price analysis: September 9th

VET / USD, TradingView

Vocational training grew 11.6% in 24 hours and was available for $ 0.123. The immediate resistance was at $ 0.127. A drop in the price level of $ 0.127 would cause VET to trade above the week-long low price level of $ 0.140.

The parameters indicated a recovery in the market. MACDs red histograms receded and a bullish crossover was nearing. Great oscillator green signal bars presented. Chaikin money flowbut stayed below half the line as capital inflows remained low.

In the event of a decline in VET, the initial resistance was at $ 0.115 and then at its one-month low of $ 0.103.

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