Entering the bullish trend, from Ondo (ONDO) to Uniswap (UNI) gave green signals in this week’s INDODAX Market Signal.

Here is the latest price information for 10 crypto assets in the bullish and bearish ranks at INDODAX:

5 Bullish Crypto Assets

1. Ondo (ONDO)  

It was weakened and held below the EMA/200, but the positive momentum was also supported by Ondo (ONDO), which was held by the 10,000-12,000 support and managed to trigger Ondo (ONDO) to rebound and break the 14,100-14,900 area. The trend of Ondo (ONDO) is indicated to be currently in the overbought area on the RSI indicator, but Ondo (ONDO) has touched and made the highest price or all-time high (ATH). Weakness will test the nearest area in the range of 17,500-19,000.

2. ssv.network (SSV)  

The positive trend is expected to still dominate the price change of ssv.network (SSV), where the MACD depicts a similar situation: the price will try to rally and make a candle above the 900,000-1,100,000 level.

3. Chiliz (CHZ)

Touching the EMA/200, Chiliz (CHZ) was able to rally back and then move above the WMA/85. A fairly dominant resistance is indicated in the area of 2,250-2,600. If it can be passed, it will allow Chiliz (CHZ) to have a chance to continue to strengthen, and we estimate the trend will go towards 4,000.

4. Biconomy (BICO)

The support level of 5,000-7,000 is crucial for Biconomy (BICO). The price tested this level several times, and the trend rebounded after positive results. If the 12,000 level can be broken and held above this level, it will increase the possibility of Biconomy (BICO) making new highs.

5. Uniswap (UNI)  

When looking at the MACD indicator illustrates that Uniswap (UNI) has a positive trend, which is slowly having a positive impact on candles that move above the WMA/75. The positive trend will have negative pressure that dominates if the 100,000-111,000 area cannot withstand price weakness.

5 Bearish Crypto Assets

1. Elrond (EGLD)

There has been no significant movement in Elrond (EGLD), making the current trend still indicated to be in a bearish phase. Currently, the trend of Elrond (EGLD) is described by the Bollinger Band indicator as being in a bearish sideways phase with a movement range of 585,000-735,000, where this will be quite crucial for the future movement of Elrond (EGLD).

2. Convex Finance (CVX)

The trend movement of Convex Finance (CVX) shows weakness, notwithstanding that the trend failed to hold above the 56,000 level. The bearish trend will get stronger if the trend cannot move above the 29,000-36,000 level.

3. Energi (NRG) 

Energi (NRG) has been in the bearish zone since April 16, 2024, with the chart aimed at the 1-Day timeframe. The bearish trend hurts the price change, which has already weakened by more than 15%. If a candle forms above the 2,200-2,450 level, it will put the bearish trend under negative pressure.

4. Giant Mammoth (GMMT)

Time 1 Day, the movement of the Giant Mammoth (GMMT) Candle moves quite stagnant, or there is no dynamic movement. Giant Mammoth (GMMT) is not separated from the ongoing bearish sideways trend. The MACD indicator has shown a positive direction but does not align with the price movement. If the 4,400-13,200 area is passed, then price fluctuations are expected to increase.

5. Nervos Network (CKB) 

Several times, Nervos Network (CKB) tried to break the EMA/200, while the price will try to test the 230-250 support level. With this level broken, the bearish trend is expected to dominate, but the resistance level of 290-330, if passed, will allow a bullish trend to be created.

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.