This week, the bullish crypto ranks are led by Aave (AAVE) in first place, and followed by Solve (SOLVE) and Monero (XMR).

Want to know how your favorite crypto asset is performing? Check INDODAX Market Signal below!

5 Bullish Crypto Assets

1. Aave (AAVE)

The strengthening that occurred in Aave (AAVE) began with prices that were able to stay above Support 1,350,000 – 1,400,000 then followed by a trend that moved to strengthen the impact on several broken Resistance such as 1,700,000 so that Aave (AAVE) was on the Uptrend path.

Aave (AAVE)’s position on the Bullish Trend will be even stronger if it is able to pass the 2,000,000 – 2,450,000 level.

2. Solve (SOLVE)  

Solve (SOLVE) is in a new Uptrend starting on August 26, 2024, prices continue to show quite positive changes this happens when the trend moves in line with the WMA / 75. The price briefly touched the 250 range, but returned to a limited correction. The current trend is still above the WMA/85.

3. Monero (XMR)   

The current price is depicted by the MACD indicator in a positive direction, indicated when it is in Bullish Sideways with the assumption that the movement that occurs is in a positive direction but with limited changes. The Bullish Trend will increasingly dominate if there is a Candle that forms above the area of

4. VELO (VELO)  

The break of the WMA/85 is a momentum for VELO (VELO) to move volatile but in a positive direction. The RSI indicator shows that the current price is still fluctuating because it has not touched the Overbought or Oversold area so it requires further confirmation. VELO (VELO) has a Support level at 180 – 200 where if this level is passed then there is the potential to return to the EMA/200 line.

5. Lyfe Gold (LGOLD)

On the 1-day chart, the MACD indicator on Lyfe Gold (LGOLD) shows that there has been an intersection but downward on both lines, with the trend still holding above the EMA/200 if the 900,000 – 920,000 Support area is broken, negative momentum will suppress Lyfe Gold (LGOLD).

5 Bearish Crypto Assets

1. USDT (USDT)

The decline in USDT (USDT) prices is quite deep, Bearish Trend is one of the contributing factors with a correction of more than 4%. Currently the trend is indicated to be in the Sideways phase by the MACD indicator, with the price range at 15,450 – 15,600 if one of these levels is broken, it will create a new movement for USDT (USDT).

2. Biconomy (BICO)

The bearish trend on Biconomy (BICO) has been going on since July 15, 2024, the trend was unable to stay above the EMA/200 then confirmed by the break of 6,500 – 8,100 so that weakness was unavoidable.

3. ATLAZ (AAZ) 

Negative pressure is still weighing on changes in the ATLAZ (AAZ) trend, with prices still moving below the WMA / 75 the opportunity to strengthen is not too great, Support will try to hold prices if they weaken with a range of 420,000 – 500,000 prices that are broken will make ATLAZ (AAZ) touch the latest low price.

4. AB DEFI (ABI)

In the 4-hour trend, AB DEFI (ABI) had strengthened quite high to touch the price of 850,000 and the opportunity to end the bearish trend was quite high, but the inability of the candle to form above the EMA/200 made this unrealizable so that the price weakened again in line with the current trend.

5. Ondo (ONDO) 

Ondo (ONDO) continues to experience a consistent price correction with a weakening of more than 40% since July 06, 2024. The MACD indicator shows that the trend is in a negative area with a negative histogram, but this does not have a significant impact on price movements, with Support areas available at 8,200 – 9,000.

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.