This week, the bullish crypto asset lineup is led by Solana (SOL) in the first position, and followed by USDT (USDT) and Tron (TRX).

Want to know the performance of your favorite crypto assets? Check INDODAX Market Signal below!

5 Bullish Crypto Assets

1. Solana (SOL)  

On the chart shown, Solana (SOL) experienced a weakening unsuccessful candle to form above the 3,000,000 – 3,300,000 area to hold the continuation of the Bullish trend, but the correction held by EMA/200 made the price of Solana (SOL) strengthen again.

Solana (SOL)’s strengthening trend, possibly held back by the WMA / 85 line requires more time for Solana (SOL) to be able to break the line with the Resistance area available in the 2,500,000 – 2,700,000 area.

2. USDT (USDT)  

It can be seen if on May 02, 2024, USDT (USDT) experienced a fairly deep price weakening this happened only for a moment this was caused by sales that dominated but the price of USDT (USDT) returned to normal and continued the Bullish trend. If the Candle can form above the 16,600 – 16,700 area, the opportunity to go to the 17,000 level is wide open.

3. Tron (TRX)  

Positive momentum for Tron (TRX) trend is able to stay above the WMA / 85 level, not forming a candle below that level indicates that the Bullish trend is quite strong. The 2,150 – 2,300 area is quite crucial for Tron (TRX) because it will determine the strength of the Bullish trend to continue.  

4. Pax Gold (PAXG)

The current Bullish zone will be quite depressed if the trend is unable to stay above the Support level of 34,000,000 – 36,500,000. Pax Gold (PAXG) is estimated to be able to move above the level of 40,500,000 – 42,000,000 will have a positive impact on Pax Gold (PAXG), which will strengthen price movements in the Bullish zone.

5. Lyfe Gold (LGOLD)  

On the 4-hour chart, Lyfe Gold (LGOLD) continues to experience a fairly good strengthening with a comparison since being in a Bullish trend on March 13, 2023 until now Lyfe Gold (LGOLD) has climbed around 17%. Experienced a fairly reasonable correction after touching the WMA / 75 line several times but was held back by the dominant Support level at 90,000 – 92,000.

5 Bearish Crypto Assets

1. Bitcoin (BTC)

The Bearish Trend on Bitcoin (BTC) has occurred since June 22, 2024, confirmed after the price corrected more than 108,000,000 – 110,000,000 and the trend could not move to improve the price so that the correction continued.

Price weakness will be corrected if it can move above the 965,000,000 level so that the potential towards 970,000,000 – 990,000,000 is great.

2. yearn.finance (YFI)

The unsuccessful trend to create a candle beyond the 164,000,000 – 175,000,000 area put negative pressure on the yearn.finance (YFI) price change until the 110,000,000 – 125,000,000 Support was broken. If a full-formed candle is created below the level of 775,000,000 – 850,000,000 it will make the bearish trend even stronger.

3. Serum (SRM) 

On the 1-Day trend movement, the MACD indicator indicates that it will take further time for Serum (SRM) to be able to confirm the direction of the trend, with the current trend of Serum (SRM) still experiencing negative momentum because it has not managed to break the 700 – 900 area.

4. Elrond (EGLD)

Bearish trend confirmed since May 16, 2024, the price has corrected more than 20%. Trend Elrond (EGLD) moving below the 450,000 level will increase the opportunity to test the next support level available in the 340,000 – 400,000 area.

5. Kava (KAVA) 

It is indicated on the 1-Day chart used, that the dominant Support is indicated in the price range of 8,250 – 9,100 if this price is broken Kava (KAVA) will touch its lowest level and the opportunity for correction is estimated to be deeper.

NOTES:

If the EMA 5, crosses the WMA 75, 85 and EMA 200 lines, and the lines intersect from bottom to top, then the market trend is upward (bullish).

Each table above shows that if, the value of EMA 5 is higher than WMA 75, 85 and EMA 200, then the market is trending up (bullish).

If the RSI and MACD values show the same condition, it means that the market is showing the same trend, overbought (overbought), or oversold (oversold) conditions are one indicator that the market is at the point of changing the direction of the trend.