The overall crypto market is under a lot of pressure after the main phase of the crypto market, Bitcoin, crashed below $90K. In such an adverse condition, there are three tokens under $5 that are trending.
Firo prices supported by two moving averages
Firo (FIRO), formerly known as Zcoin, is a privacy-focused cryptocurrency designed to function as truly private digital cash. It introduced the Lelantus protocol, which enhances anonymity by allowing users to burn their coins and later redeem entirely new ones with no traceable transaction history.
Firo is currently being supported by the 50-day Moving average, as the bears increase their pressure. This moving average has helped Firo through the past when the prices were crashing. At times, the moving average will be able to sustain the prices. However, even in the event that Firo crashes below the 50-day MA, the 100-day MA will come to its rescue at $2.8.
Caldera aims to hit $2.8
Caldera (ERA) is an Ethereum-based rollup platform built for horizontal scaling and seamless interoperability. Caldera enables developers to deploy customizable rollups that inherit Ethereum’s security and decentralization. At the core of the system is the Metalayer, a unifying layer that connects Optimistic and Zero-Knowledge (ZK) rollups, allowing them to communicate, coordinate, and share resources while retaining their individual architectures
On the 4-hour chart, ERA is currently trading inside an ascending triangle, which will eventually break out and move upwards. However, as the pattern is not complete, the token might rebound off the upper and lower trendlines a few times and then hit $0.28.
On the technical side, the above-mentioned action will happen once the Relative Strength Index (RSI) line, which is at 49, crosses above the Simple Moving Average (SMA) at 52.
When the RSI line is below the SMA, it shows that the token is below the average price, as of the current market status.
Aster falls back into the ascending channel
Launched around 2024, ASTER is a token that is designed to serve three core roles. It enables platform governance, rewards token holders via staking and revenue sharing, and provides utility within the ecosystem for fee discounts and participation in growth.
ASTER was fluctuating inside the ascending channel for some time before breaking above the upper trendline of the channel. Now that the token has broken above the upper trendline, it is using this trendline as a support level. However, it will eventually fall back into the channel, as there is not much trading activity. After getting within the bounds of the channel, the token will reach the lower trendline near $1.20, and then rebound within the channel.
