Asset Analysis $TLM (Alien Worlds) 🌌 $DOGS $SLP
Alien Worlds (TLM) is a decentralized blockchain gaming platform that has gained attention due to its Play-to-Earn (P2E) mechanics integrated with NFTs. Amidst the rapid development of metaverses and decentralized games, TLM remains in the spotlight of the crypto community. In this article, we will look at the technical analysis and prospects of the asset for the near future.
Current picture on the chart 📉
The TLM chart shows a long downtrend that began back in 2021. The decline was quite significant - from levels above $0.10, the price dropped to current values of around $0.01082. We see that the price has been moving sideways for the past few months, forming a consolidation zone, which may indicate a possible change in trend.
Key points:
The downtrend remains dominant, but is slowing down.
A consolidation zone is forming between the levels of $0.01082 and $0.01516. This may become a signal for a possible exit from this range.
Bollinger indicators are showing narrowing bands, indicating a decrease in volatility and preparation for a potentially strong move.
Ichimoku is also confirmed by the sideways trend - the cloud does not give clear signals for a breakout in one direction or another.
Support and resistance 🛠️
Key support is at $0.01082. If this level is broken, we may see further decline.
Resistance zones: The nearest resistance level is at $0.01516. It is important for the bulls to break through this zone to start forming an upward movement.
Long-term prospects 🌟
The monthly chart shows that the asset has lost a significant portion of its value over the past 27 months. Trading volumes remain relatively low, indicating a decline in interest from major market participants. However, if interest in blockchain-based gaming projects grows and the hype around metaverses is revived, TLM could become one of the leaders in the Play-to-Earn gaming sector.
Potential growth factors:
The growing popularity of metaverses and P2E games could attract new users and investors.
The integration of new mechanics and NFTs into the game could revive demand for the TLM token.
Positive news and project updates can trigger short-term price spikes.
Conclusion 💡
The TLM token is in the consolidation zone after a long downtrend. In the near future, we should expect either a breakout of the resistance level of $0.01516 or a decline below the support of $0.01082. For long-term investors, the current levels may be interesting for entry if the Play-to-Earn market of games and metaverses gains momentum again. However, as always, it is worth considering the risks and closely monitoring the project news and the general sentiment in the crypto market.
🔔 Subscribe to updates and follow the market to stay up to date with new opportunities with TLM!