Market signal. After entering February 2022, it seems that crypto assets are starting to show the possibility of a bounce back again. The reason is, there are several DeFi and Metaverse coins whose prices are starting to rise! Come on, read here!
5 Bullish Crypto Assets
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Tadpole Finance (TAD)
TAD is one of the crypto assets in the DeFi field whose price is increasing. TAD is also holding an airdrop event starting from February 7 – May 2, 2022. The way to join is really easy, you just need to buy TAD during the airdrop event and hold the TAD token that you have. Click on the following link to see the terms and conditions of this event!
Judging from the 4-hour chart, the price of TAD rose from the range of 60 thousand, then rose to 100 thousand. The highest, the pair TAD/IDR rose to touch 134,710, then slightly corrected and is now at the price of 111 thousand.
In addition, TAD developers are also active in developing innovations so that users can maximize the use of the progress of the DeFi industry, you know!
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Near Protocol (NEAR)
The price is NEAR on the 4 hours chart, bounced up from the support zones at 153Ks and 168Ks, and has now broken the 200-day EMA at 186Ks. The downside is trying to pull the price back below the 200-Day EMA. , but the bulls managed to hold on, and the price is in the 195K currently.
The uptick can continue, if the bulls are still able to climb higher, the next horizontal resistance is at 223K and 248K.
On the other hand, if the price drops from the current level, the bears will try to pull the pair below the 200-day EMA. If they manage to do that, it will indicate that the bears continue to sell on the rally. The pair could then once again drop to 169K.
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Decentraland (MANA)
Decentraland (MANA) 4 hours chart broke above its 20-day MA (37375) on January 31 and then rose through February 1 to 40777, but the sells were able to withstand the price spike, thus dropping from the 200-day EMA (39000) on February 1. The decline continued to 35274 on February 3rd.
The gains continued and buyers pushed the price above the 200-day EMA on February 05, the price broke through the 40K mark again, and is now at the 47K level. If the buyers keep the price at the current resistance, the MANA/IDR pair could rise to the next resistance at 50K.
On the other hand, if the price drops and breaks below the 25-day moving average, it will indicate that the bears are selling aggressively at higher levels. In this case, the pair could retest the strong support at 39,000 – 36,000.
The 4 hours chart shows that the RSI is in the overbought zone. This shows that the bulls have the upper hand. On the upside, buyers may face stiff resistance at 45K and 47K. This positive view will be overturned if the price drops from the current levels and breaks below the moving averages. The pair could then drop to 42K to 39K.
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Hedera Hashgraph (HBAR)
Did you know, distributed ledger service Hedera Hashgraph is expected to deploy a number of major upgrades in 2022 in line with their long-term pursuit of decentralization.
Hedera Hashgraph is an enterprise-grade distributed ledger technology designed to create decentralized applications in the Web3 environment.
Its governance board is made up of 25 companies, including Google, IBM, Tata Communications and Boeing, each of which supports the project’s decentralized ambitions through the creation and operation of blockchain nodes, and participates in governance voting, among other tasks.
4-hour chart, the candle was able to breakout the 200-day EMA (3595), and tested the resistance at the level of 3,751. The next target resistance is at 4/000 – 4,200 to 4800, against the plan, if the bears sell. The price will drop back to its old support between 3,400 – 3,135.
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Axie Infinity (AXS)
The price of the Axie Infinity (AXS) token has surged nearly 40% in three days. AXS rose to over $65, its best level in more than two weeks, as Axie Infinity revealed a revamped reward structure for player-vs-player (PVP) competition rounds.
In detail, the play-to-earn startup expanded the number of leaderboard slots to 300,000 and increased the AXS prize pool to 117,676 from the previous 3,000 for the following season.
AXS serves as the governance token for the Axie Infinity protocol. In addition, it acts as a legal tender to purchase non-fungible tokens (NFT) in its games.
But Axie Infinity uses a dual token structure. Another crypto, Smooth Love Potion (SLP), is awarded to players for completing daily missions and completing levels in adventure mode. In addition, players receive SLP rewards through in-game area battles. Axie Infinity also removed daily quests and adventure modes, meaning gamers will now earn SLP tokens only through area battles. The decision is expected to reduce the daily supply of SLP tokens by 56%.
The last period of buying in the AXS market has pushed the price to reclaim the near-term resistance level of 900k. Notably, the AXS price crossed the 200-day EMA on the 4-hour chart and broke the 933K price, and is currently in the 1M range. The potential for the rally may continue to increase, and the price will be in the range of 1.1 million – 1.4 million.
5 Bearish Crypto Assets
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Alitas (ALT)
Still sluggish, this week ALT is present in the Bearish crypto asset lineup. But don’t worry, you can still take part in Alitas events such as the quiz they run on their Twitter.
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Orchid (OXT)
Who here likes to use a VPN? Orchid (OXT) is the native token of Orchid, a virtual private network or so-called cryptocurrency powered VPN. Launched in December 2019, Orchid describes itself as the world’s first peer-to-peer privacy network. Still working on the Ethereum network, maybe OXT needs a mainnet? What do you think?
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ABBC
ABCC is a blockchain platform that enables secure payment transactions, helps facilitate retail adoption of cryptocurrencies and makes online shopping with digital assets a safer and more enjoyable experience for end users. CoinMarketCap’s current rating is #367, with an immediate market cap of $119,001,959 USD and has an outstanding supply of 964,922,163 ABC and max. supply 1,500,000,000 ABC coins.
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Vexanium (VEX)
Vexanium aims to build a next generation blockchain for mass adoption, built to support the use of DApps (Decentralized Applications) and retail penetration. Vexanium is a blockchain technology that can be accessed and applied to various industries. Currently, VEX uses Delegated Proof of Stake (DPOS). Vexanium now operates a Smart Contract platform and is a decentralized operating system aimed at decentralized applications through a decentralized autonomous enterprise model. The team believes that the solution will have a tremendous impact on various industries and business models.
One of the crypto assets created by this nation’s children is indeed promising, but why has the price been a bit sluggish lately? Anyone knows? Comment below!
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TitanSwap (TITAN)
Lastly, TITAN. TITAN is a blockchain-based decentralized financial center that provides optimal liquidity solutions for various categories of digital assets with adaptive bonding curves. It not only provides a user-centric decentralized exchange, but also an aggregated liquidity pool that supports intelligent routing of orders. CoinMarketCap’s current rating is #492, with an immediate market cap of $66,607,703 USD and has an outstanding supply of 53,404,160 TITAN and max. supply is not available.
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 (overbought) or oversold (oversold) conditions are an indicator that the market is already at the point of changing the direction of the trend.
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*Cointelegraph
