This week, the crypto asset trend is led by Krypton DAO (KRD) and Storj (STORJ), to Energy (NRG), which soars into the ranks bullish after being stuck in a bearish phase last week.
Are you curious about what crypto assets are trending bullish or bearish this week? Check out the updated INDODAX Market Signal in full below!
5 Bullish Crypto Assets
1. Krypton DAO (KRD)
Krypton DAO (KRD) is still moving in a bullish trend, where the trend can still move above EMA/200. However, the bullish Krypton DAO (KRD) trend will experience negative pressure if the support indicator confirms the intersection of the lines in the direction of the weakening trend.
2. Storj (STORJ)
Trend bullish Storj (STORJ) confirmed since October 15, 2023, with a positive trend capable of pushing Storj (STORJ) past resistance is quite strong in the 7,000-8,500 level area. The potential for Storj (STORJ) price increase is high, with a target of 15,000-16,000.
3. STEPN (GMT)
The trend succeeded in ending the sideways phase positively. After the STEPN (GMT) price had moved for a long time at the 2,100-2,700 level, it was able to penetrate and become an even more dominant MACD phase. If you look at the price movement of STEPN (GMT), the price moves in line with WMA/75, and if the 4,400-4,800 level is passed, then the uptrend confirms the formation of the resistance.
4. Render Token (RNDR)
Render Token (RNDR), trending bullish starting October 5, 2023, has an impact on the bullish prices that have strengthened by more than 90%. The trend is bullish. Render Token (RNDR) has the potential to have strong momentum if the trend can pass the price of 60,000.
5. Energi (NRG)
At a timeframe of 4 Hours, Energy (NRG) is in a strengthening phase, where the MACD indicates something similar with Energy (NRG) prices moving above WMA/85 in the resistance range 10,040- 11,000, assuming that if the price breaks through that level, Energy (NRG) will continue its uptrend phase.
5 Bearish Crypto Assets
1. MARBLEX (MBX)
MARBLEX (MBX), which was unable to pass the EMA/200, made the price weaken again and continued the bearish phase that happened. The trend described by MACD is in a negative phase, but the price of MARBLEX (MBX) will move positively if the trend can move above WMA/75 at the same price and will test the 27,800-30,000 area.
2. Adappter Token (ADP)
The Adapter Token (ADP) price continues to show quite deep weakness, in line with the current trend. The two lines Bollinger Bands indicate that Adapter Token (ADP) is experiencing sideways bearish with a price movement range of around 19-25.
3. Everscale (EVER)
Everscale (EVER)’s inability to stay above the 700-835 level caused the trend to weaken to around 35%. Even though the RSI indicator indicates that the trend has moved away from the oversold area, the price of Everscale (EVER) doesn’t go far enough. The bearish trend will increasingly dominate if it cannot survive above the 350-365 level.
4. DAD (DAD)
Since being confirmed as being in a bearish trend on January 21, 2022, DAD (DAD) has weakened by more than 80%. The price of DAD (DAD) can move to strengthen again. If the trend succeeds in passing the 230-275 price, then the trend must penetrate the 310-360 price area to dominate the change in the bearish trend direction.
5. VCGamers (VCG)
The bearish trend currently occurring at VCGamers (VCG) can be suppressed if the price can pass resistance levels 195-270. This must be followed by a candle, which can stay above EMA/200, where MACD can confirm the intersection of the two lines and go to the positive area.
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.
