The crypto market show comeback as multiple coins have traded in the green area since yesterday. That way, MATIC and Bitcoin Cash recorded double-digit surges after reaching multi-week lows during November 18 sessions. Nevertheless, SUSHI trades on a downbeat mode as bulls did not display revival gestures.
Bitcoin Cash (BCH) touched a 9-week peak on November 10 following the 46.8% rally in October and early sessions in November. Nevertheless, bears displayed resistance within the top channel. Bearishness had the alt retracing by 25.8%, BCH hitting a 3-week low on November 18.
The alternative coin depicted massive revival signals while recovering from the price plunge. Bitcoin Cash had its bulls securing support around the $553-level over the previous week. Also, the surging trading volumes initiated upsurges. The rally catalyzed a more than 15% climb since November 18. With that, the altcoin traded beyond its four-hour 20-, 50, and 200- Simple Moving Average at $626.6.
For now, short-term technicals flashed bullish preference. The Relative Strength Index remained sturdy within the overbought territory. Moreover, the DMI confirmed bullish strength as the Awesome Oscillator confirmed higher surges on the histogram.
MATIC saw staggering actions in October similar to most digital coins. The altcoin increased by more than 85% from October 12 to October 29. That had the token touching its five-month peak on October 29. After that, bears dominated, resisting around the $2.093, and the coin withdrew.
The alternative coin lost more than one-third its price over the following month as the asset traversed within a plunging channel. That had MATIC touching a 1-month low on November 18.
However, MATIC showed an impressive comeback over last week. While writing this content, MATIC hovers at $1.786 following a 21.5% surge in the past seven days. The Relative Strength Index remained past the midline, showing massive bullishness. Also, the Awesome Oscillator favored buying momentum. However, the ADX flashed a feeble directional trend.
SUSHI depicted bullishness since September 23 as the alt bounced within parallel lines in northward actions. SUSHI recorded a 31.92% ROI from September 23 to November 2. With that, SushiSwap touched a 7-week peak on November 2.
However, the altcoin plunged since then, enduring a massive plunge with bulls losing ground. That had SUSHI touching a 4-month low on November 25. The alt witnessed a 4.42% plummet within 24 hours as technicals displayed amplified selling pressure in the short term. While writing this content, SUSHI trades at $8.1. The RSI stayed around the 35-level as the DMI favors sellers. Moreover, the Awesome Oscillator flashed red signs, reaffirming the previous readings.
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