SUKU (SUKU) Technical Analysis 2021 for Crypto Traders
In SUKU Technical Analysis 2021, we use past statistics, price analysis, RVOL, MA, and much other information about SUKU to analyze the future trend of the cryptocurrency.
SUKU is a blockchain-based ecosystem that seeks to become a universal symbol of truth for consumers and brands by making trading more transparent and efficient through the power of blockchain. Citizens Reserve has assembled a team with expertise in blockchain, supply chain management, finance, and technology development to create SUKU.
SUKU Current Market Status
According to CoinGecko, the SUKU price is trading at $0.836 with a 24-hour trading volume of $1,598,121, at the time of writing. However, SUKU has increased by 20.5% in the last 24 hours.
In addition, SUKU has a circulating supply of 119,149,903 SUKU coins. Currently, SUKU trades in KuCoin, Gate.io, Bitfinex, Uniswap (V2), and Bittrex.
SUKU Technical Analysis 2021
SUKU holds the 399th position on CoinGecko right now. The recent development and upgrades might push SUKU to reach new heights. Now, let’s deep dive into the SUKU technical analysis 2021. The weekly time frame chart of SUKU is shown below.
A triangle pattern is made of a downward diagonal upward trend line and an upward diagonal downward trend line. When there is a price increase, it will inevitably break through the upper trend line to break, and in an uptrend, the price will increase or break. A lower trend line develops a breakthrough and a downward trend in which prices drop.
Currently, SUKU trades in a range of $0.59. If the trend continues then it will lead to a further surge up to the $2.64 Level. If the trend reverses to the down side, then it will reach the support level at $0.05.
SUKU RSI
The below chart shows the relative strength index (RSI) of SUKU.
As shown in the above chart, RSI remains at 98.49. This shows that SUKU’s price is in an overbought state. This shows that traders have to trade carefully, however, major price reversal could take place.
SUKU RVOL
The below chart shows the Relative Volume of SUKU. It is an indicator that indicates to traders how the current trading volume has changed over a period of time compared to the previous trading volume.
Currently, the RVOL of SUKU lies above the cutoff line which represents the stronger participants in the current trend.
SUKU Moving Average
SUKU’s Moving Average (MA) is shown in the chart below. MA supports traders to find trends.
Currently, SUKU is in a bullish state. However, the SUKU price is closely above 50 MA (short-term), and it is now at 200 MA. Possibly, SUKU can also move above 200 MA (long-term) soon.
Once it moves above 200 MA level, it completely goes to a bullish state. Moreover, there is a high possibility of trend reversal at any time.
SUKU Price Comparison With Bitcoin
The below chart shows the price comparison between SUKU and BTC.
From the chart, we can identify the trend of the BTC and SUKU is moving at the same level as the trend. This indicates when the price of BTC increases or decreases, the price of SUKU also increases or decreases respectively.
Conclusion
With the ongoing developments and upgrades that are taking place within the SUKU platform. SUKU has a great future ahead in this crypto market. However, SUKU can reach new heights.
Bullish SUKU price prediction 2021 is $1.14. As mentioned above, it may reach great heights, however reaching $2.64 is also possible, if investors have decided that SUKU is a good investment in 2021.
FAQ
SUKU describes it as “the link between open finance, traceability and transparency” and “the future of supply chains is today”.
SUKU is listed on many cryptocurrency exchanges that include KuCoin, Gate.io, Bitfinex, Uniswap (V2), and Bittrex.
With the ongoing developments and upgrades within the SUKU platform, it has the high possibility of reaching its ATH soon.
Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
The post has appeared first on thenewscrypto.com
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
