This Week's 5 Bullish and 5 Bearish Crypto Assets to Watch

This week, the bullish crypto lineup is led by TURBO (TURBO) in first place, followed by NEOPIN (NPT) anda DEGEN (DEGEN).

Crypto assets are still experiencing a downturn in the market. However, some crypto assets managed to strengthen and experience a price increase. This time, Indodax will present 5 crypto assets that are experiencing a bullish trend and 5 crypto assets that are experiencing a bearish trend.

Here are 5 crypto assets that are experiencing a bullish trend:

1. TURBO (TURBO)

Recently, TURBO (TURBO) reached a high of around 148, marking its peak price since being listed on Indodax. This surge is largely attributed to a prevailing bullish trend that has influenced TURBO’s price movement. The strengthening trend briefly led the asset into an oversold area. If the price weakens, it will test the strength of the support levels, which are estimated to be in the range of 100 – 120.

2. NEOPIN (NPT)

The recent strengthening of NEOPIN (NPT) began when the trend managed to break above the 4,000 level, followed by a significant price increase. This movement also triggered a transition in the trend from bearish to bullish. The upward momentum in NEOPIN (NPT) is likely to continue if a full-bodied candle can form above the price range of 28,000 – 30,000.

3. Degen (DEGEN)

Using a 4-hour time frame, Degen (DEGEN) continues to show positive performance, with the trend failing to break below the EMA/200. This has resulted in a strengthening of the price.

4. Mog Coin (MOG)

A positive trend movement is still indicated, as shown by the MACD indicator with both lines crossing upwards. The support area for Mog Coin (MOG) is formed around the price range of 0.0205 – 0.024. If this level is breached, the EMA/200 is likely to experience negative pressure.

5. Sui (SUI)

On the 1-day chart, Sui (SUI) has been experiencing a steady price increase, with resistance levels being consistently broken, indicating that positive momentum is dominating the trend direction of Sui (SUI). This positive trend has allowed Sui (SUI) to reach new highs, while the support area is located around the price range of 27,500 – 31,500.

Here are 5 crypto assets that are experiencing a bearish trend:

1. EOS (EOS)

The price strengthening of EOS (EOS) is expected to take shape if a candle can hold above the WMA/85, with significant resistance for further strengthening available in the high range of 10,000 – 14,500. On the other hand, if the price weakens, the trend may attempt to form a candle below the level of 4,500 – 6,000.

2. dYdX (DYDX)

dYdX (DYDX) is experiencing negative pressure, as the candle has yet to strengthen beyond the WMA/75. This factor indirectly affects the movement confirmation of the MACD indicator, which remains narrow. If the price moves above the range of 16,500 – 24,000, it would result in a more positive movement for dYdX (DYDX).

3. Nexo (NEXO)

The rate of change for Nexo (NEXO) is expected to be quite significant, with a price movement range around 14,000 – 19,000. The MACD indicator will confirm the direction of Nexo’s price movement, which will determine whether Nexo (NEXO) can hold above the 13,000 – 14,000 level or if the Bearish trend will increasingly dominate.

4. Gnosis (GNO)

On the 1-Day chart, the trend has been in a Bearish zone since August 9, 2024. Currently, the trend is moving positively with a price range around 2,000,000 – 3,500,000. The trend is expected to strengthen if a candle can form above the 4,000,000 level.

5. Immutable X (IMX)

The Bearish trend is at risk of failing if Immutable X (IMX) manages to break through a strong Resistance level at 28,000 – 36,000. If this Resistance is successfully breached, the likelihood of Immutable X (IMX) sustaining above the EMA/200 is high. Conversely, if it fails

NOTE: If the 5 EMA crosses the WMA 75, 85 and 200 EMA lines and