The crypto market has been all over the place during the past couple of days. All of a sudden, it shows symptoms of healing, and in the next minute, it crashes hard. It has been very volatile. In times like these, there are three tokens we will be considering.
TRON is falling, but the rise is near
TRON (TRX) is a blockchain-based decentralized platform designed to build and host smart contracts, decentralized applications (dApps), and digital content sharing — similar to Ethereum.
On the daily chart, TRX is trading inside a falling wedge, and the token is just about to hit the upper trendline of the wedge. TRX will rebound off the upper and lower trendlines until it completes the wedge pattern. Once the pattern is complete, the token will break out and reach above $0.38.
LEO token crashed below a strong support level
LEO Token (UNUS SED LEO) is a utility token created by iFinex, the parent company of Bitfinex and other related platforms. Launched in 2019, LEO was designed to strengthen the Bitfinex ecosystem by offering holders various benefits, such as discounted trading fees, withdrawal and lending fee reductions, and improved access to platform features.
After consolidating within a tight price range of $9.4 and $9.7 since mid-August, the token has crashed below the $9 level. The support level just below $9 has been very strong, and buyers have always defended it. Therefore, as at other times, the buyers will defend this level, and LEO will be back above the $9.4 price level
Artificial Superintelligence Alliance crashes hard
The Artificial Superintelligence (ASI) Alliance is a collaboration between leading decentralized AI and Web3 projects — Fetch.ai, SingularityNET, and CUDOS (with Ocean Protocol as a former member). Its primary goal is to combine resources to develop shared infrastructure, tools, and frameworks that enable the creation of decentralized Artificial General Intelligence (AGI) and, ultimately, superintelligence.
The alliance’s mission centers on open-source innovation, decentralized governance, and ethical AI advancement — ensuring that AI infrastructure remains accessible to developers, researchers, and enterprises worldwide, rather than being controlled by a handful of large corporations.
The FET token of the platform is currently trading at $0.26 after losing nearly 25% during the past week. The token crashed from $0.7 during the past 7days to $0.26 as of now.
On the daily chart, the token was trading inside a bullish falling wedge, which eventually broke upwards. However, with the mounting bear pressure, the token crashed further down. If the bears keep dominating, FET will look for support near $0.195.
But the bulls will come into action as the token is oversold according to the Relative Strength Index. When a token is oversold, it is a perfect signal for buyers to enter the market and buy the token at the dip. With the traders buying the dip, FET will once again regain lost ground and reach above $0.65.
