This week, the bullish crypto lineup is led by Solana (SOL) in first place, and followed by Alpaca Finance (ALPACA) and Klaytn (KLAY).

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) has strengthened, but has not managed to Candle to form above the WMA/85 area. If the Resistance area of 2,500,000 – 3,000,000 can form a candle signaling the Bullish phase will increasingly dominate the price change of Solana (SOL).

2. Alpaca Finance (ALPACA)  

The 1-Day chart illustrates that Alpaca Finance (ALPACA) has experienced a high positive change, where the price has strengthened by more than 90%. Several times the trend has been in the Overbought area on the RSI indicator, signaling the dominating buying pressure. Support in the range of 2,500 – 3,000 is the closest for Alpaca Finance (ALPACA).

3. Klaytn (KLAY)  

Positive momentum for Klaytn (KLAY) trend that is able to stay above the WMA / 85 level, no candle formation below that level indicates that the Bullish trend is quite strong. The 2,800 – 3,000 area is quite crucial for Klaytn (KLAY) because it will determine the strength of the Bullish trend to continue.

4. Honest (HNST)

Bullish zone is expected to increasingly dominate the direction of trend change if the candle can stay above EMA/200. Candles that form completely above the 85 – 100 area will make positive momentum dominate the direction of trend change.

5. Aave (AAVE)  

On the 1 Day chart Aave (AAVE) can strengthen positively, thus encouraging the trend to try to move above 2,150,000 – 2,400,000 if this level can be broken it will allow the Bullish trend to be stronger to continue.

5 Bearish Crypto Assets

1. Toncoin (TON)

Toncoin (TON) is assumed to be in the Bearish phase, because it has not managed to move above the EMA/200 and the price has weakened significantly as indicated by the RSI indicator illustrating that the trend was in the Overbought area.

Price weakness will be corrected if it can move back to the 100,000 – 110,000 area so that it can test the EMA/200.

2. Metal DAO (MTL)

The current trend movement is restrained by the WMA/85 line so that the opportunity to strengthen becomes depressed. If it is assumed that the trend manages to cross the line, the trend will test the Resistance area of 25,000 – 40,000.

3. Chia Network (XCH) 

The intersection of the downward line as an indication that Chia Network (XCH) has a negative trend has caused the price to correct around 40%. Chia Network (XCH) will touch its lowest price again if the Support area 190,000 – 220,000 cannot withstand the correction that occurs.

4.  Aelf (ELF)

The nearest resistance is in the price range of 7,900 – 11,000 if the price can be broken it will be a positive thing for aelf (ELF), WMA / 75 is expected to cut positively on a trend change.

5. WOO Network (WOO)

Indicated on the 1-Day chart used, that being in a Bearish trend since May 31, 2024 makes WOO Network (WOO) has weakened around 45%. The MACD indicator shows a positive movement in the trend movement with the break of the 3,300 – 4,500 area will indicate a price change in line with the indicator.

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.