This week, the ranks of bullish crypto assets are led by Dogecoin (DOGE) in the first position, and followed by JasmyCoin (JASMY) and Jupiter (JUP).

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

5 Bullish Crypto Assets

1. Dogecoin (DOGE)  

Dogecoin (DOGE) corrected by the WMA/85 line, the price will test the 1,950 – 2,100 area if the line is broken. The bullish trend cannot continue with the candle moving below the EMA/200 then the MACD indicator will confirm the negative moving trend after the line cuts down.

2. JasmyCoin (JASMY)  

JasmyCoin (JASMY) had weakened to touch the level of 320 – 380, but the candle did not manage to continue to weaken and passed the EMA / 200 which had an impact on the trend to rebound and strengthen more than 30%. JasmyCoin (JASMY) price will continue to strengthen with the Resistance area of 680 – 720 being a crucial area for the Uptrend phase.

3. Jupiter (JUP)

The strengthening of Jupiter (JUP) prices cannot be separated from the success of the Bearish trend turning into Bullish, the price of Jupiter (JUP) rose by more than 20%. Opportunities for Jupiter (JUP) to continue strengthening are wide open, the MACD indicator illustrates that the trend is in a positive area with a Resistance area of 19,000 – 21,500.

4. Ethereum Name Service (ENS)

Ethereum Name Service (ENS) is currently moving quite positively, with the candle still above the WMA / 85. There is an area of 490,000 – 570,000 which will test the strengthening of Ethereum Name Service (ENS), if broken it will allow the line on the MACD indicator to cut positive.

5. Internet Computer (ICP)  

The bullish phase will experience negative pressure, if the candle is unable to hold above the 150,000 – 155,000 area with further support indicated at the price of 135,000 – 145,000 trend moving below EMA / 200.

5 Bearish Crypto Assets

1. Decentraland (MANA)

Using the 1-Day chart, it can be seen that Decentraland (MANA) is in a downtrend zone, where the movement of Decentraland (MANA) is in line with the WMA/85 line. The bearish trend will be corrected if the trend is able to move away from the WMA/85, then this must be followed by the crossing of the 6,400 – 8,000 area.

2. Origin Protocol (OGN)

The price drop of around 20% of Origin Protocol (OGN) is inseparable from the bearish trend that has occurred since June 14, 2024. A successful candle to strengthen beyond the WMA/85 will make the possibility of Origin Protocol (OGN) heading towards 2,000 – 2,600 even greater.

3. Dao Maker (DAO) 

Dao Maker (DAO) is still indicated to be in the Bearish phase, the price has not been able to correct the price weakness that occurred. Dao Maker (DAO) will touch the lowest price if the price does not stay above the 6,800 – 7,200 area.

4. Kusama (KSM)

The MACD indicator illustrates that the trend still needs time to confirm the direction of the next price movement. The trend will be able to break the WMA/75 if 400,000 – 500,000 can be broken.

5. Bitcoin SV (BSV) 

The EMA/200 will be under pressure with the price of 935,000 – 1,200,000 being crossed so that the Bearish trend can change to Bullish. Support is available in the price range of 500,000 – 620,000 the price drop is expected to deepen if the candle forms below that area.

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.