Starting this week, Dogecoin (DOGE) is again in the top position of the bullish trend of crypto assets on INDODAX.

Curious about what crypto assets are experiencing bullish or bearish trends this week? Check out the full INDODAX Market Signal update below!

5 Bullish Crypto Assets

1. Dogecoin (DOGE)  

Weakened but held by the EMA/200, the trend stayed above the 1,055-1,200 area, and Dogecoin (DOGE) continued to strengthen to touch the 3,235 level. Dogecoin (DOGE) bullish trend will get stronger if candles can form above the 2,800-3,200 area with the next expected resistance at the 4,000 level.

2. TokenFi (TOKEN)  

TokenFi (TOKEN) has rallied by more than 300% since being in a bullish phase on February 14, 2024. The opportunity for TokenFi (TOKEN) to move volatile is quite wide, where the two lines and areas on the Bollinger Bands indicator are moving away from each other. Support is available in the 1,600-1,900 area. If passed, then TokenFi (TOKEN) will head towards the WMA/75 line.

3. Unus Sed Leo (LEO)

The price strengthening in Unus Sed Leo (LEO) was inseparable from the bullish trend, so the price followed the trend movement. The MACD indicator indicates that Unus Sed Leo (LEO) is in a negative direction but requires confirmation in the 80,000-90,000 area.

4. Perpetual Protocol (PERP)

The potential for Perpetual Protocol (PERP) to break the 27,000-35,000 resistance is quite wide open. Currently, the candle is held by the EMA/85, but it can still hold above the 15,000-18,000 area and requires further time.

5. Matic Network (MATIC)  

Touching the 20,000 level is the Matic Network (MATIC) point to experience price weakness. The absence of candles above this level is the dominant resistance area. Price weakness will test the EMA/200 with support areas available at 10,700-12,000.

5 Bearish Crypto Assets

1. Lido DAO (LDO)

The price of Lido DAO (LDO) moved positively enough to hold above the WMA/85. This will suppress the bearish trend, which will fail to continue if the candle holds above the EMA/200 line. Then, Lido DAO (LDO) must be supported by the 50,000-59,000 area being broken to support the formation of an uptrend phase.

2. Gala Music (MUSIC)

After the 2,500-3,000 area became the dominant resistance area, the inability of the trend to break this area has made Gala Music (MUSIC) weak and in a downtrend phase. If the support area of 1,500-1,800 cannot withstand the price weakness, it is assumed that the bearish trend of Gala Music (MUSIC) will get stronger.

3. Degree Crypto Token (DCT)

On the 1-Day chart, it can be identified that Degree Crypto Token (DCT) has not had any significant price changes, and it is still moving stagnantly. This is inseparable from the inability of the trend to break one of the dominating levels, namely 100,000 and 355,000.

4. DAD (DAD)

Passing the EMA/200 but not supported by the 200-250 resistance area that has not been successfully passed, the DAD (DAD) price weakened again and continued the downtrend phase. The trend will be stronger in the downtrend phase if it cannot hold above the 120-130 area.

5. Everscale (EVER) 

During the 4-day timeframe used, Everscale (EVER) moved in a bearish phase, indicating that the price was not volatile enough after the trend broke the WMA/85. The price will move more dynamically again if one of the 450 or 800 levels is broken.

NOTES:

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 be upward (bullish).

Each table above shows that when the value of EMA 5 is higher than WMA 75,85 and EMA 200, the market tends to rise (bullish).

If the RSI and MACD values show the same condition, the market is showing the same trend; an overbought (overbought) or oversold (oversold) condition indicates that the market is at the point of changing trend direction.