Indodax market signal April 12th, 2021, what crypto assets are experiencing a price increase or are bullish? Then, what crypto assets have experienced a decline in price?
Almost all popular crypto assets have seen their price increase this week. Including Bitcoin which is ready to touch the highest level.
Meanwhile, Ethereum, which has just touched its highest level, has also experienced price increases this week. This is a good sentiment because both of them have reached their highest level.
The three crypto-assets that experienced the next increase in price are XRP, XLM, and DOGE.
Check out a complete explanation of the 5 bullish crypto-asset analysis. Indodax Market Signal also discussed crypto assets that will experience a decline this week.
Here are 5 crypto assets that are bullish and bearish on the Indodax market.
5 Bullish Crypto Assets This Week on Indodax Market
- Bitcoin (BTC)
The first rising crypto asset was Bitcoin. Even though it is already at its highest level, the increase will still occur.
This happened because several large companies bought Bitcoin as an asset. In addition, more and more companies and platforms are providing Bitcoin payment features. This week, it seems that BTC will again experience an all time high (ATH) or its highest price in history.
On today’s trading, Bitcoin moved from a low of Rp.882,305,000 and a high of Rp900,000,000.
- Ethereum (ETH)
Ethereum is the next crypto asset to go up or bullish this week. Even though it touched an all-time high of IDR 32 million last week, Ethereum will still continue to increase.
This increase occurred due to the increasing demand for Ethereum in recent times. The use of the Ethereum network from the payment company Visa raises the price of ETH. In addition, the non-fungible token (NFT) auctions that use a lot of ETH tokens also increase the demand to the price.
As of today, the Ethereum price is at the lowest level of Rp31,330,000 and the highest price is Rp31,986,000.
- Ripple (XRP)
Furthermore, Ripple (XRP) is a crypto asset that will rise this week. XRP has also returned to its highest level after passing a lawsuit hearing with the SEC in the United States.
In fact, the XRP polemic is also considered to be ending soon. A well-known exchange in the United States, Coinbase will also re-list XRP. This will also increase the price this week.
In today’s trading, XRP’s lowest price is IDR 19,400 and the highest is IDR 22,000.
- Stellar (XLM)
Stellar (XLM) is the next crypto asset that will rise this week. XLM is a crypto asset that is almost similar in use to XRP. Namely for payments for financial companies.
Stellar Lumens is a cryptocurrency from The Stellar Development Foundation (SDF) is a non-profit organization based in San Francisco. SDF is building a shared finance platform, designed to be open and accessible to everyone.
Just as the internet allows anyone to send an email or create a blog. Stellar now enables people to send, store and receive money easily, without major costs or hassle.
The lowest price for XLM today is IDR 8315 and the highest is IDR 9179.
Lastly, there is DOGE, a crypto asset that will rise this week. Crypto with the doge symbol is often used as a meme. So that he is easier to be recognized. Now, DOGE is one of the most popular cryptos for Indodax members.
DOGE is a crypto asset that is used for several payment platforms in the United States. The demand has tended to increase in the last few days. So that the price also increases.
DOGE is moving today with the lowest price of IDR 953 and the highest price of IDR 1,190.
Here Are 5 Bearish Crypto Assets This Week
- Eminer (EM)
First, the crypto asset that has experienced a price drop this week is Eminer (EM). This crypto is an innovative global hash rate service platform.
Eminer aims to integrate and redefine the ecology of the mining industry based on the hash rate by building a hash rate service platform that integrates financial and information services.
Apparently, EM hasn’t had an update on technology yet and investors prefer to invest in other crypto assets. This is the possible reason why this crypto has decreased in price. On this day, EM is moving with a low of Rp150 and a high of Rp164.
- Attila (ATT)
The crypto asset that has experienced the next drop in price is Attila (ATT). This crypto is a decentralized information communication protocol based on blockchain technology. It is committed to providing autonomous cross-platform communication solutions for global social networks.
Unfortunately, ATT has not been attractive to investors in recent days. So that the price has decreased.
ATT’s lowest price is IDR8,500 today. Meanwhile, the highest price is IDR 9,700
Next, the crypto asset that is experiencing a decline is XSGD. This crypto is a stablecoin crypto from Singapore Dollar which is converted into Rupiah. This week, XSGD will experience a price decline.
The decline in the price of the Singapore dollar and the instability of the global economy caused the price of this crypto to decline. It is the same as several other currencies which are still recovering due to the pandemic.
Today, XSGD moved at the lowest level of IDR10,8300 and the highest price was IDR10,889.
- Daex (DAX)
Next, the crypto that is experiencing a price decline is Daex (DAX). This is a crypto asset that investors are not yet interested in. So that the price has decreased in price.
DAEX is an open and decentralized clearing and settlement ecosystem for crypto asset exchanges. The Global DAEX Foundation is the creator of DAEX, an open and distributed Crypto Asset clearing ecosystem that aims to provide clearing solutions for crypto asset exchanges.
DAX sold for the lowest Rp180 in today’s trading. Meanwhile, the highest price reached IDR188.
Finally, King DAG (KDAG) is likely to experience a decline in prices this week. This crypto is less popular and hasn’t attracted people to invest.
NOTE: If EMA 5 crosses the WMA 75, 85 and EMA 200 lines and these lines intersect from bottom to top, then the market trend tends to go up (bullish),
In each table above, it shows that if the value of EMA 5 is higher than WMA 75.85 and EMA 200 then the market tends to rise (bullish).
If the RSI and MACD values ??show the same condition, it means that the market is showing the same trend, overbought conditions or oversold conditions are an indicator that the market is at a point of changing the direction of the trend.
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