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SUSHI touches a daily high of $1.45

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SushiSwap price prediction is seen for a breakout above the $1.40 resistance as SUSHI is trading higher above the moving averages.

SushiSwap Predictor Stats Data:

  • SushiSwap price now – $1.39
  • SushiSwap Market Cap – $174.6 Million
  • Rolling Supply Sushi Swap – 124.2 Million
  • Total Supply – 244.5 Million
  • SushiSwap Coinmarketcap Rating – #139

Sushi / US dollar market

Main levels:

Resistance Levels: $1.70, $1.90, $2.10

Support Levels: $1.10, $1.08, $1.06

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SUSHIUSD – Daily Chart

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sushi / dollar It is seen as rebounding to a new daily high as the coin surged higher to trade near the $1.50 resistance level. However, the coin is currently trading at $1.39 with an upward movement around the upper boundary of the channel. Meanwhile, if the currency slips below the 9- and 21-day moving averages, sellers may attempt to return to the market, but the bulls are likely to collect more on lower prices.

SushiSwap Price Prediction: SushiSwap Price Ready to Gain More

The Sushi Swap price The uptrend can only be maintained if the newly touched resistance level at $1.45 is maintained at all costs. At the time of writing, the technical indicator’s RSI (14) has crossed above the 60 level to create more bullish signals in the market, and this may encourage more buyers to enter the market. However, SushiSwap (SUSHI) may continue to maintain an uptrend once the coin crosses above the upper boundary of the channel.

However, as long as the red line of the 9-day moving average remains above the green line of the 21-day moving average, the coin may continue to perform well and SushiSwap price may reach the resistance levels at $1.70, $1.90 and $2.10. Straight. Meanwhile, if the technical indicator decides to quickly turn south, there could be a slight downside move that could push the market to the support levels at $1.10, $1.08 and $1.06, respectively.

Against Bitcoin, SushiSwap price is hovering above the 9- and 21-day moving averages as the price touches daily highs at 734 SAT. However, the technical indicator’s RSI (14) is likely to move into the overbought territory as the currency aims for more bullish trends.

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SUSHIBTC – Daily Chart

Moreover, as seen on the daily chart, the potential resistance is at 800 SAT and above, but a sustained lower movement may cancel the bullish pattern and may attract new sellers into the market with the next focus on the 570 SAT support level and below.

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Blockchain

LBLOCK, IBAT, TAMA and DEFC price forecasts for December 5

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The aforementioned cryptocurrencies have been fighting against bearish forces, and the signals coming from their markets at this point suggest that they might be starting to move towards higher price levels. So it is necessary for traders to identify it at the right time to make the most of these markets.

LBLOCK PRICE FORECAST: Lucky Block is starting an upward recovery

Study the LBLOCK / USD In the 4-hour market, headwinds have pushed price candles to the lower bound of the Bollinger Band and extended it. At this point, traders can anticipate that prices in this market may bounce in the opposite but bullish direction. The RSI lines used now are getting close to each other to crossover, once this happens, this will indicate an increase in bullish momentum and the price of Lucky Block will go up. Finally, the price may soon regain the $0.0002350 price level.

LBLOCK, IBAT, TAMA and DEFC price forecasts for December 5

Full Price Prediction: Tamadoge is recovering to the upside

On the Tamadoji On the four-hour chart, it appears that this cryptocurrency has managed to overcome the headwinds. This can be seen as a bullish price candle that appeared on this chart recently. Also, the RSI lines can be seen to have crossed each other’s path to indicate a change in the direction of the market. By implication, this marks the beginning of an uptrend for this market, as the price may now rise beyond $0.01700.

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LBLOCK, IBAT, TAMA and DEFC price forecasts for December 5

DEFC Price Prediction: Defi coin looks bullish on the upside

On the DEFC In the 4-hour market, we can see that the price action has moved above the moving average line recently. However, headwinds have been defeating it recently and causing some setbacks. However, the price action is still near the moving average line and some additional purchases may secure the price movement above the moving average line, and this will lead to a subsequent price increase. Also, the stochastic RSI curves are still in the overbought area. Thus, this confirms how traders could see a price increase beyond $0.06000.

LBLOCK, IBAT, TAMA and DEFC price forecasts for December 5

IBAT Price Prediction: Battle Infinity maintains bullish recovery hopes

signs out of IBAT The 4 hours chart indicates that the price action is gaining upward momentum. Recent price candles can be seen forming near the smoothed moving average line. Meanwhile, MACD lines continue to rise towards the balance point. Also, the growth of green histogram bars can be seen on the positive side of the MACD to indicate that buying activities are increasing. Hence, traders can expect a price rally in this market above $0.002200.

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Blockchain

Novogratz’s Galaxy Digital acquires Celsius’ GK8 in bankruptcy garage sale

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Galaxy Digital Holdings, led by Mike Novogratz, has won the bid to purchase GK8, a self-custodial platform for digital assets owned by Celsius Network — pending court approvals and certain closing terms.

According to the December 2 blog Mail From GK8 and the press Release From Galaxy, if the acquisition proceeds, Galaxy will acquire the platform team of approximately 40 people as part of the deal including cryptographic engineers, blockchain engineers, and the GK8 team office in Tel Aviv.

GK8 is a self-custodial blockchain-based asset management platform that provides custody, staking, DeFi, NFT support, tokenization and trading.

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The team behind the platform claims that it can perform secure blockchain transactions offline, which greatly reduces the risk of hacking.

Celsius Acquired GK8 in 2021 for $115 million, though Galaxy did not disclose how much it offered the company.

Galaxy founder and CEO Mike Novogratz called the acquisition “a critical cornerstone in our efforts to create a full-service financial platform for digital assets.”

“The addition of the GK8 to our flagship offering at this pivotal moment for our industry also highlights our continued desire to take advantage of strategic opportunities to grow Galaxy in a sustainable way,” he added.

Galaxy intends to support GK8’s ongoing operations while leveraging its technology to develop its GalaxyOne trading platform.

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GK8’s founders, including CEO Lior Lamesh and CTO Shahar Shami, are expected to remain with the company and lead the new Galaxy guardianship business.

“Powered by Galaxy, we aim to deliver exciting new offerings to the industry that showcase a combination of best-in-class Galaxy services, GK8 encryption and security, and unparalleled R&D skills,” said Lamesh.

Related: Mike Novogratz: Bankman Fried is “fake” and they’re headed to jail

It was below zero bankruptcy procedures Since filing for Chapter 11 bankruptcy protection On July 13 he discusses plans to sell some of his assets.

In the court filing, Celsius CEO Alex Mashinsky The company indicated it could Sell ​​the Bitcoin (BTC) mined from the mining operation to help pay off at least one of its loans and provide future revenue for the company.

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During his September 15 filing with the United States Bankruptcy Court for the Southern District of New York, Celsius asked Permission to sell its stablecoin collectibles.

Galaxy Digital was recently named in a $100 million lawsuit by institutional crypto custodian service and wallet operator BitGo for dropping its plans to acquire the company.

Galaxy terminated its May 2021 agreement to acquire the company on August 15, 2022, citing breach of contract by BitGo when it allegedly failed to deliver audited financial statements by July 31, 2022.

BitGo then revealed on September 13 that it was Seeking more than $100 million in damages, accusing Galaxy of “improper disavowal” and “willful breach” of its acquisition agreement with BitGo.