Bitcoin, Ethereum, and DOGE have yet to appear in a bullish market. Luckily, it doesn’t appear in a bear market either. Then, what crypto assets are bullish and bearish this week.
Before we discuss bullish and bearish crypto assets, let’s take a quick look at Bitcoin, Ethereum, and DOGE.
Bitcoin is still at the level of IDR 500 million but failed to enter the support level of IDR 515 million. Almost the same as BTC, Ethereum is also still in a sideways trend at a price of IDR 30-32.5 million.
Meanwhile, DOGE has a slight upward trend but has not been in the bullish area for the next week. We all certainly hope that these crypto-assets will also return to their highest levels.
So, what crypto assets are bullish this week? And what is bearish? Let’s see.
5 Crypto Assets will Bullish on This Week
The first crypto asset in the bullish market is Decentraland (MANA). This crypto asset will go up during this one week.
Decentraland is a virtual reality platform built on Ethereum, where users can build and explore 3D creations, play games and socialize.
The ecosystem operates with two tokens – MANA and LAND. Decentraland is divided into fields, each represented by a LAND token. The company aims to provide an infrastructure that supports the metaverse (shared virtual world).
The lowest price for MANA today is IDR 10,291 and the highest price is IDR 11,313.
Chart MANA/IDR
- Enjin Coin (ENJ)
Next, there is the crypto asset Enjin Coin (ENJ) which will enter a bullish market for the next week. This crypto asset is also not heard from for a long time and is ready to go up this week.
Enjin Coin (ENJ) is a digital store of value used to support the value of blockchain assets such as unrecognizable tokens (NFTs). Every asset minted with the Engine Platform contains an ENJ, a mining resource that is locked in NFTs and removed from circulation.
Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to support digital assets issued using its platform, meaning that goods can be bought, sold and traded at real-world value.
The lowest price for ENJ today is IDR 18,588 and the highest price is IDR 20,398.
Chart ENJ/IDR
- Cosmos (ATOM)
Third, there is the Cosmos crypto asset (ATOM) which will increase over the next week. This crypto asset seems to be flooded with demand since news of its upgrade.
Cosmos (ATOM) is a Mainnet token based on the Cosmos protocol. ATOM has three main functions: A spam prevention mechanism, a method for getting block rewards by staking, and a voting mechanism in Cosmos governance.
ATOM has three use cases: as a spam prevention mechanism, as token staking, and as a voting mechanism in blockchain governance.
As a spam prevention mechanism, ATOM is used to pay fees. The fee may be proportional to the number of calculations required by the transaction, similar to Ethereum’s concept of “gas”.
On this day, the lowest price of ATOM is IDR 200,777 and the highest is IDR 215,000.
Chart ATOM/IDR
- Crypto.com (CRO)
Next, is Crypto.com (CRO) which has not been heard of for a long time. This crypto asset is re-emerging with rising prices. Crypto.com accelerates the transition to crypto by putting cryptocurrency in every wallet with a strong focus on real-life use cases.
Crypto.com is building an outstanding and maintainable platform to solve access and usability challenges in the blockchain industry, and strengthen services.
On this day, the lowest price for CRO is IDR 1,710 and the highest price is IDR 1,900.
Chart CRO/IDR
- Synthetix Network (SNX)
Finally, there is SNX which will be up for the next week. This crypto asset, too, will experience high demand.
Synthetix is a protocol for trading and issuing synthetic assets on Ethereum. Synthetix is a decentralized protocol that allows anyone to access crypto-backed synthetic assets without a partner.
These synthetic assets (Synths) are backed by Synthetix Network Tokens (SNX) locked in smart contracts as collateral. Synths tracks the prices of various assets, enabling crypto-native and underbanked users to trade P2C (peer-to-contract) on Synthetix. Exchange without liquidity restrictions.
In today’s trading, the lowest price for SNX is IDR 157,089 and the highest is IDR 203,700.
Chart SNX/IDR
5 Crypto Asset will Bearish on This Week
- Aurora (AOA)
The market signal this time also discusses crypto assets that will be bearish. First, there is Aurora (AOA) which will drop over the next week. There doesn’t seem to be any upgrades yet and the demand is actually decreasing which causes the price to drop.
Aurora Chain (AOA) is on a mission to create a brightly coloured blockchain world with fast-paced contracts that facilitate easy application development on the blockchain.
The team strives to enable businesses from different industries to work together using a fixed supply distribution of the underlying AOA currency as a way to ensure the speed and functionality of the consensus mechanism.
Today, the price of AOA is at the lowest level of IDR 17 and the highest price of IDR 19.
Chart AOA/IDR
- Waves (WAVES)
If last week WAVES entered a bullish market, this week, WAVES entered a bear market. It seems, WAVES has touched the resistance price for a while.
WAVES or more specifically the WAVES platform is a decentralized blockchain network (decentralized blockchain platform) that focuses on broader blockchain applications such as fundraising, financial token generation, or cryptocurrency digital asset trading systems.
The lowest price of WAVES is IDR 200,600 today. While the highest price is IDR 215,000.
Chart WAVES/IDR
- Energi (NRG)
Next, there is the NRG crypto asset which experienced a decline in price this week. This crypto asset continued its decline since the previous two weeks. Apparently, investors should move to other crypto assets and leave the DOT so that demand drops.
Energi (NRG) is a next generation Proof of Stake (PoS) cryptocurrency. Powered by the Energi blockchain, NRG combines Ethereum smart contract compatibility with self-funding treasuries, decentralized masternode governance, and Layer 1 and Layer 2 protocols.
NRG also serves as a governance token replacement for the Energiswap decentralized exchange.
Today, NRG moved at the lowest level of IDR 22,000 and the highest price of IDR 24,000.
Chart NRG/IDR
- OMG Network (OMG)
Next up is the OMG Network crypto asset that will experience a decline in price. It looks like OMG will be leaving investors and the crypto community for a while. OMG Network, formerly known as OmiseGo, is a non-custodial layer-2 scaling solution built for the Ethereum blockchain.
As an Ethereum scaling solution, OMG Network is designed to allow users to transfer ETH and ERC20 tokens significantly faster and cheaper than when transacting directly on the Ethereum network.
The network is backed by the OMG utility token, which can be used as one of the methods of payment for fees on the OMG Network, and will eventually be stakeable — helping secure the network in exchange for rewards.
Today, OMG moved with the lowest price of IDR 58,001 and the highest price of IDR 61,994.
Chart OMG/IDR
- Hedera Hashgrap (HBAR)
Finally, the crypto asset that has seen a decline is HBAR. This crypto is still not there, there is an upgrade and it seems to be experiencing a decrease in demand.
Hedera Hashgraph is a public network that allows individuals and businesses to create powerful decentralized applications (DApps). These crypto assets are also referred to as the “internet trust layer”.
HBAR is designed to be a fairer and more efficient system that removes some of the limitations that older blockchain-based platforms faced – such as slow performance and instability.
It was funded through an Initial Coin Offering (ICO) in August 2018 and first launched open access to the mainnet more than a year later in September 2019. As part of the ICO, investors can purchase the platform’s native utility token (HBAR) at the lowest possible price.
HBAR was sold at IDR 2,451 the lowest in today’s trading. While the highest price reached IDR 2,502.
Chart HBAR/IDR
NOTE: If the 5 EMA crosses the WMA 75, 85 and 200 EMA lines and the lines intersect from the bottom up, then the market trend tends to go up (bullish),
in each table above shows if, the value of EMA 5 is higher than WMA 75.85 and EMA 200 then the market tends to go up (bullish).
If the RSI and MACD values show the same condition, it means the market is showing the same trend, overbought (overbought) or oversold (oversold) conditions are an indicator that the market is already at the point of changing the direction of the trend.
ATTENTION: All content which includes text, analysis, predictions, images in the form of graphics and charts, as well as news published on this website, is only used as trading information, and is not a recommendation or suggestion to take an action in a transaction, either buying or selling. certain crypto assets. All crypto asset trading decisions are independent decisions by the user. Therefore, all risks arising from it, both profit and loss, are not the responsibility of Indodax.
