August and September brought a clash of crypto narratives. The debate between RWA tokens, AI coins, and memecoins intensified. Which will lead the market? Dive into the battle of digital assets and find out which tokens are likely to grow as the market changes. Explore the interesting trends that will dominate in the coming months.
Injective (INJ) Faces Uncertainty as Bear Market Prices Fall
Injective (INJ) is currently trading in the range of $22.21 to $26.88. Bears seem to have weakened the coin as the price has fallen by 6.21% in the past week. However, the 11.70% gain in a month hints at potential growth. To continue climbing, INJ must break the $29.55 resistance level with the next target being $34.23. This would represent a massive gain of about 30%. However, failing that, it could drop to the $20.20 or even $15.52 support levels. The RSI and Stochastic levels suggest mixed sentiment with cautious optimism.
ONDO strives to maintain position, control market
Ondo (ONDO) is currently trading between $0.90 and $1.09, down more than 6% this week, showing waning strength. Bulls are losing steam, with the coin’s price hovering near its 10-day and 100-day simple moving averages, which are around $1.01 and $0.98, respectively. RSI and Stochastic readings suggest that momentum is biased towards the bearish side, with the nearest support at $0.82. However, if it gains traction, it could test the $1.18 resistance, which includes a potential upside of nearly 25%. Despite a gain of more than 300% in 6 months, the recent movement suggests that bears currently have the upper hand.
JasmyCoin remains stable amid market fluctuations
JasmyCoin (JASMY) has seen mixed performances, with the price remaining around $0.03. Bulls appear cautious but not out, while bears are not gaining the upper hand. The price has gained about 7% in the past week and nearly 9% in the past month, indicating moderate confidence. However, JasmyCoin has had a strong performance in the past six months, with an amazing gain of over 530%. If the price can break the $0.04 resistance, it could rise to $0.05, with a potential gain of about 67%. However, if the price falls below the $0.02 support, a drop to $0.01 is possible. The market is waiting for a clear move.
Pepe (PEPE) struggles as bulls show signs of fatigue
Pepe (PEPE) is currently hovering in a narrow price range of $0.00001. The nearest resistance is at $0.000018, indicating a possible stalemate between bullish and bearish forces. Despite a 1.22% drop over the past week, the coin has seen impressive growth in six months, surging over 1,000%. The Relative Strength Index (RSI) and Stochastics values indicate that it is overbought, suggesting a possible pullback. However, if PEPE can break through the $0.00002 resistance, it could usher in another strong growth period that could potentially double its current value.
in conclusion
NEAR, INJ, ONDO, and JASMY show less potential in the short term.
