SUKU (SUKU) Technical Analysis 2021 for Crypto Traders

We all know that making money in the stock market involves keeping track of the market’s ups and downs. Now, the same can be said about cryptocurrency. For those who may consider themselves too new to the game, here is the latest information on SUKU (SUKU).

SUKU (SUKU) is a digital currency, which utilizes a hybrid proof-of-stake / proof-of-work system, based on the Scrypt algorithm. SUKU has a maximum supply of 9.5 billion coins. The SUKU blockchain was originally started on August 30, 2017, and it is being updated every minute.

The SUKU Token is a revolutionary new token that runs on Ethereum Blockchain. The SUKU Token is a decentralized platform for purchasing and selling virtual goods and services using SUKU as a form of payment. The SUKU token can be used as a payment method for purchasing virtual goods and services on the SUKU platform, where the SUKU token holder can use their SUKU Tokens to purchase virtual goods and services or sell their SUKU Tokens. The SUKU token serves a dual purpose as a form of payment and a utility token.

We utilize historical data, price analysis, RVOL, MA, and other information about SUKU to evaluate the cryptocurrency’s future movement in 2021 SUKU Technical Analysis. 

SUKU is a blockchain-based ecosystem that aims to become a global sign of truth for consumers and businesses by using blockchain technology to make trade more transparent and efficient. To build SUKU, Citizens Reserve put together a team with experience in blockchain, supply chain management, finance, and technological development.

SUKU SUKU SUKU SUKU SUKU SUKU

At the time of writing, the SUKU price was $0.836 with a 24-hour trading volume of $1,598,121, according to CoinGecko. SUKU, on the other hand, has risen by 20.5 percent in the past 24 hours.

In addition, there are 119,149,903 SUKU coins in circulation. SUKU is currently traded on KuCoin, Gate.io, Bitfinex, Uniswap (V2), and Bittrex, among other exchanges.

SUKU Technical Analysis 2021 

At the moment, SUKU is ranked 399th on CoinGecko. SUKU’s recent growth and improvements may propel it to new heights. Let’s take a closer look at the SUKU technical analysis for 2021. The SUKU weekly time frame chart is shown below.

Triangle Pattern SUKU/USDT (Source: Tradingview)

A downward diagonal rising trend line and an upward diagonal downward trend line form a triangular pattern. When a price rises, it will almost certainly break through the upper trend line, and in an uptrend, the price will rise or fall. A break of a lower trend line leads to a price decrease and a downward trend.

SUKU is now trading in a $0.59 range. If the current trend continues, the price will rise to the $2.64 level. If the trend continues to the downside, the support level of $0.05 will be reached.

SUKU RSI

The relative strength index (RSI) of SUKU is shown in the chart below. 

SUKU (SUKU) Technical Analysis 2021 for Crypto TradersSUKU RSI SUKU RSI SUKU RSI (Image courtesy of TradingView)

The RSI is still at 98.49, as seen in the graph above. This indicates that the price of SUKU has reached an overbought level. This demonstrates the need of traders trading cautiously, since a big price reversal may occur.

SUKU RVOL

The Relative Volume of SUKU is shown in the graph below. It’s a metric that shows traders how the current trading volume has evolved over time in comparison to the prior trading volume.

SUKU (SUKU) Technical Analysis 2021 for Crypto TradersRVOL SUKU (Image courtesy of TradingView)

SUKU’s RVOL is now over the cutoff line, indicating that it is one of the stronger players in the current trend.

Moving Average SUKU

The chart below depicts SUKU’s Moving Average (MA). MA aids traders in identifying patterns.

SUKU (SUKU) Technical Analysis 2021 for Crypto TradersMA SUKU (Image courtesy of TradingView)

SUKU is now in a positive trend. The SUKU price, on the other hand, is now trading at 200 MA, just above the 50 MA (short-term). SUKU may be able to rise over 200 MA (long-term) in the near future.

It fully changes to a bullish condition if it climbs over the 200 MA level. Furthermore, there is a significant chance of a trend reversal at any moment.

SUKU and Bitcoin Price Comparison

The price comparison between SUKU and BTC is shown in the graph below. 

SUKU (SUKU) Technical Analysis 2021 for Crypto TradersChart comparing the prices of SUKU and BTC (Source: TradingView)

The trend of the BTC can be seen on the chart, and SUKU is going in lockstep with the trend. This means that when the price of BTC rises or falls, the price of SUKU rises or falls as well.

Conclusion

With the continuous improvements and enhancements to the SUKU platform. In this crypto market, SUKU has a bright future. SUKU, on the other hand, has the potential to soar to new heights.

$1.14 is the bullish SUKU price forecast for 2021. As previously said, it has the potential to achieve tremendous heights, but it may also reach $2.64 if investors believe that SUKU is a solid investment in 2021.

FAQ

What exactly is SUKU?

It’s “the connection between open finance, traceability, and transparency,” according to SUKU, and “the future of supply chains is now.”

SUKU is available for purchase in a variety of locations.

KuCoin, Gate.io, Bitfinex, Uniswap (V2), and Bittrex are just a few of the cryptocurrency exchanges that have SUKU listed.

Will SUKU be able to set a new ATH in the near future?

With the SUKU platform’s continuous development and improvements, it has a good chance of achieving its ATH shortly.

Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.

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