This week, the bullish crypto lineup is led by Bitcoin(BTC) in first place, followed by Sui(SUI) and Dogwifhat (WIF).

Want to know how your favorite crypto asset is performing? Check INDODAX Market Signal below!

5 Bullish Crypto Assets

1. Bitcoin (BTC)  

The Bollinger Bands indicator indicates that the chances of Bitcoin (BTC) experiencing dynamic price changes are quite large, with the two available lines being far apart enough to indicate that the strength of the price movement dominates. Bitcoin (BTC) is currently in the Overbought area on the RSI indicator, the trend is still moving above WMA/75.

2.Sui (SUI) 

Bullish phase on the 4 Hour time frame, pushing the price of Sui (SUI) to rise since being in this phase on September 15, 2024 Sui (SUI) has strengthened by more than 200%. The possible weakening will try to head towards the level of 40,000 – 55,000 if it is penetrated the trend will move below WMA / 85.

3.dogwifhat (WIF) 

The weakening trend that has not succeeded in breaking through the Resistance of 40,000 – 46,500 has made dogwifhat (WIF) test the strength of Support 30,000 – 35,000 dogwifhat (WIF) has not succeeded in breaking through Support so that it has a positive impact on price changes, the Bullish trend is getting stronger to continue.

4.Degen (DEGEN)

It had touched a price of 540, which was the latest highest price for Degen (DEGEN) since its listing on Indodax. Degen (DEGEN) experienced a correction, trying to test the level of 275 – 350 if this level is not penetrated, it will indicate that a fairly large strengthening will occur.

5.Solana (SOL)  

The Bullish trend is able to push Solana (SOL) to move in a positive direction, the price is moving high with an increase of more than 50% since ensuring that it continues the Bullish phase. This strengthening has succeeded in pushing Solana (SOL) to touch its highest price since being traded on Indodax.

5 Bearish Crypto Assets

1.HedgeTrade (HEDG)

The trend is indicated to be in the Bearish phase, but the price is moving in a limited range or Sideways with the HedgeTrade (HEDG) range in the range of 75 – 95. If one of these areas is penetrated, the HedgeTrade (HEDG) trend will move fluctuatively

2.TitanSwap (TITAN)

The 1 Day time frame indicates that TitanSwap (TITAN) has not managed to penetrate the EMA/200, until now TitanSwap (TITAN) is still in the Sideways Bearish phase, this phase will end if the Candle can form above the 40 – 100 area.

3.Polymath (POLY) 

Negative pressure still haunts Polymath (POLY), not moving from WMA/85 makes the MACD indicator fail to cut upwards, if the candle is able to stay above the price of 2,600-3,000 then Polymath (POLY) will be able to fix the price in the downtrend.

4.Balancer (BAL)

The penetration of the 50,000 – 75,000 area will make Balancer (BAL) successfully end the Bearish phase, followed by the EMA/200 being penetrated positively then the next area is in the range of 85,000 – 100,000.

5.Belt Finance (BELT) 

Candle managed to stay above WMA/85, Belt Finance (BELT) trend has not moved significantly MACD indicator shows something similar with both available lines still close together. Resistance is in the range of 1,200 – 1,800 breaking this area will make EMA/200 passed.

NOTE: If the 5 EMA crosses the WMA 75, 85 and 200 EMA lines and the lines intersect from the bottom up, then the market trend tends to go up (bullish), each table above shows that if the 5 EMA value is higher than the 75.85 WMA and 200 EMA, the market tends to go up (bullish).

If the RSI and MACD values ??show the same condition, it means that the market is showing the same trend. Overbought or oversold conditions are an indicator that the market is already at the point of changing direction of a trend.

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