As CoinMarketCap’s Fear and Greed index continues to fluctuate between the greed and neutral zones, the total crypto market has fallen by 1.59% over the last 24 hours to $4.17 trillion. Even when the market has retraced, we have three tokens that have a stellar agenda.
Doodles (DOOD) consolidates to spring upÂ
Doodle originated as a top NFT collection in 2021 and then transformed into a story telling brand in art, animation, music, and gamified digital experiences. The DOOD token powers ecosystem and rewards participants.
As shown in chart above, every single spike that DOOD produced was folliowed by a fall and then a consolidation. At the end of the consolidation period, the token spiked surpassing its previous resistance level. Currently, DOOD is consolidating after testing the resistance level at $0.014 and given that the token follows its historic pattern, there will be a spike at the end of the consolidation phase. DOOD will easily soar past $0.014.
XPIN Network (XPIN) looks bullish
XPIN network is an AI driven decentralized communication infrastructure that enables every user to access the global network securely, freely, efficiently, and fairly. On the 7 day chart on CoinMarketCap, XPIN was making higher highs and higher lows before it was rejected at the $0.0012 resistance level. Currently, the token is price at $0.0011 after gaining more 40% in the last 7 days.
On the daily chart, XPIN is once again rising after being supported by the 200-day moving average (MA), which is at $0.00099. As the 50-day MA is approaching the 200-day MA from below, there is a high chance that there could be a Golden Cross if the line intersect. Given that this bullish intersection happens, the token will first test the resistance level at $0.0011 and then move further up towards $0.0012.
Inspect (INSP) sets eyes $0.027
Inspect is a Layer 2 network built for Bittensor, specifically designed to serve as the financial backbone of decentralized intelligence. It delivers an integrated suite of protocols that bring together liquidity, leverage, stablecoin access, and mining, all working in harmony to drive real economic activity around the TAO ecosystem.
INSP is currently trading inside a symmentrical triangle which will break out upwards. However, as the pattern is not fully formed, the token might rebound off the upper and lower trendline a few times. Once, the pattern is complete the token will gain value by the height of the symmetrical triangle at the widest part. As such, the token will reach at least $0.027.
As the condition in the crypto market is volatile especially now, anything could happen.
