Crypto Market Movers: MLN, CHR, LA, FET, SNX, TRU Surge in Last 6 Hours
Enzyme (MLN) +17.47%
Enzyme’s native token MLN surged an impressive 73% within 24 hours, pushing its market capitalization to $25.5 million. This sharp rise reflects renewed investor interest in decentralized asset management platforms.
#MLN Enzyme is a decentralized digital asset management platform that aims to simplify and unify the management of digital assets through smart contracts. It allows users to create, manage, and invest in on-chain investment funds with transparency and security.
Given the recent surge and growing adoption of DeFi tools, MLN could sustain upward momentum if Enzyme continues to expand its user base and partnerships. However, short-term volatility is likely; a correction might follow after this rapid price increase.
Detailed technical indicators analysis for MLN/USDT:USDT
MLN/USDT:USDT – Score: 8, Price: 15.373
Scalping Potential: Low, Confidence: Low
⚫ Entry Rating: Poor, Best Timeframe: 15m
Bullish Signals: 4
Entry condition analysis
- RSI Zone: Poor entry zone
- Pullback: ❌ None
- Support Bounce: ❌ None
- Volume Pattern: ❌ Poor
- Risk/Reward: ⚪ Fair
- Trend Change Signals: ❌ None
- Bullish Divergences: ❌ None
- Price Pattern: ❌ None
⚠️ Warning signals
- 🔴 Extreme Overbought RSI (High Risk, 15m): RSI is extremely overbought (82.16) on the 15m chart, high reversal risk
- 🟠 Volume Confirmation Missing (Medium Risk, 15m): Strong price movement without volume confirmation on 15m chart
- 🟠 Volume Confirmation Missing (Medium Risk, 1h): Strong price movement without volume confirmation on 1h chart
Timeframe analysis
— 15m Timeframe (Score: 4) —
- RSI: 82.16 (rising, overbought) – Neutral
- MACD: Histogram: 0.076926442588193 – Bullish
- Moving Averages: Price Above Short MA: Yes – Bullish
- Volume: 0.58983185711726 above average – Neutral
- S/R: Neutral – Neutral
— 1h Timeframe (Score: 4) —
- RSI: 66.54 (rising, neutral) – Bullish
- MACD: Histogram: -0.39204035802781 – Neutral
- Moving Averages: Price Above Short MA: Yes – Bullish
- Volume: 0.14258509423408 above average – Neutral
- S/R: Neutral – Neutral
Chromia (CHR) +16.67%
Chromia’s CHR token rose by 12% over the past 24 hours, climbing from $0.23 to $0.26 ahead of its MVP mainnet launch scheduled for July 16, 2024. The anticipation around this milestone has driven buying activity.
#CHR Chromia is a relational blockchain platform designed for decentralized applications with a focus on scalability and user-friendly development tools. The upcoming mainnet launch is expected to enhance network utility and attract developers.
The price spike suggests bullish sentiment leading into the mainnet release. If the launch proceeds smoothly and adoption accelerates, CHR could continue rising. However, post-launch profit-taking may cause temporary dips.
Detailed technical indicators analysis for CHR/USDT:USDT
CHR/USDT:USDT – Score: 6, Price: 0.0802
Scalping Potential: Low, Confidence: Low
⚫ Entry Rating: Poor, Best Timeframe: 15m
Bullish Signals: 3
Entry condition analysis
- RSI Zone: Poor entry zone
- Pullback: ❌ None
- Support Bounce: ❌ Weak
- Volume Pattern: ❌ Poor
- Risk/Reward: ✅ Excellent
- Trend Change Signals: ❌ None
- Bullish Divergences: ❌ None
- Price Pattern: ❌ None
⚠️ Warning signals
- 🔴 Extreme Overbought RSI (High Risk, 15m): RSI is extremely overbought (84.62) on the 15m chart, high reversal risk
- 🔴 Extreme Overbought RSI (High Risk, 1h): RSI is extremely overbought (98.10) on the 1h chart, high reversal risk
- 🟠 RSI Divergence (Medium Risk, Multiple): RSI is falling on 15m but rising on 1h charts, potential short-term exhaustion
- 🟠 Volume Confirmation Missing (Medium Risk, 15m): Strong price movement without volume confirmation on 15m chart
- 🟠 Volume Confirmation Missing (Medium Risk, 1h): Strong price movement without volume confirmation on 1h chart
Timeframe analysis
— 15m Timeframe (Score: 3) —
- RSI: 84.62 (falling, overbought) – Neutral
- MACD: Histogram: -0.00078582601922655 – Neutral
- Moving Averages: Price Above Short MA: Yes – Bullish
- Volume: 0.36181639683903 above average – Neutral
- S/R: Near Support – Support
— 1h Timeframe (Score: 3) —
- RSI: 98.10 (rising, overbought) – Neutral
- MACD: Histogram: -0.00065243765534546 – Neutral
- Moving Averages: Price Above Short MA: Yes – Bullish
- Volume: 0.29908617382721 above average – Neutral
- S/R: Neutral – Neutral
Lagrange (LA) +10.26%
Lagrange’s LA token experienced an 80% surge following its listing on Upbit exchange, although it has since cooled off slightly. The token currently trades around $0.38 with moderate weekly gains.
#LA Lagrange focuses on integrating blockchain with hardware partnerships to enhance decentralized computing solutions. Delays in collaborations with companies like Intel have tempered some enthusiasm despite recent exchange listings boosting liquidity.
The Upbit listing has clearly increased visibility and trading volume for LA, but unresolved hardware partnership delays may cap further gains in the near term. Price action will likely depend on progress updates regarding these collaborations.
Detailed technical indicators analysis for LA/USDT:USDT
LA/USDT:USDT – Score: 7.5, Price: 0.4129
Scalping Potential: Low, Confidence: Low
⚫ Entry Rating: Poor, Best Timeframe: 15m
Bullish Signals: 3
Entry condition analysis
- RSI Zone: Fair entry zone
- Pullback: ❌ None
- Support Bounce: ✅ Strong
- Volume Pattern: ❌ Poor
- Risk/Reward: ❌ Poor
- Trend Change Signals: ❌ None
- Bullish Divergences: ❌ None
- Price Pattern: ✅ Retest
⚠️ Warning signals
- 🟠 Overbought RSI (Medium Risk, 15m): RSI is overbought (70.30) on the 15m chart, monitor for potential pullback
- 🟠 Volume Confirmation Missing (Medium Risk, 1h): Strong price movement without volume confirmation on 1h chart
- 🟠 Resistance Proximity (Medium Risk, 15m): Price is near resistance without sufficient volume for breakout on 15m chart – Resistance at: 0.41470000 (0.44% away), 0.41480000 (0.46% away), 0.41930000 (1.55% away)
- 🟠 Resistance Proximity (Medium Risk, 1h): Price is near resistance without sufficient volume for breakout on 1h chart – Resistance at: 0.41930000 (1.55% away)
Timeframe analysis
— 15m Timeframe (Score: 4.5) —
- RSI: 70.30 (rising, overbought) – Neutral
- MACD: Histogram: 0.0026798927610489 – Bullish
- Moving Averages: Price Above Short MA: Yes – Bullish
- Volume: 1.4557661169033 above average – Neutral
- S/R: Near Support – Support
— 1h Timeframe (Score: 3) —
- RSI: 60.23 (falling, neutral) – Neutral
- MACD: Histogram: -0.0066025393049866 – Neutral
- Moving Averages: Price Above Short MA: Yes – Bullish
- Volume: 0.24439911101887 above average – Neutral
- S/R: Near Support – Support
Fetch.AI (FET) +10.14%
FET token surged 10% following announcements related to an earn-and-burn mechanism introduced by the Artificial Superintelligence Alliance (ASI). This new utility feature has positively influenced market sentiment.
#FET Fetch.AI is a decentralized machine learning platform focused on building autonomous economic agents for various industries. The proposed token burn mechanism aims to reduce supply and incentivize holding through staking rewards.
If the earn-and-burn system is successfully implemented and gains traction among users, FET could maintain upward momentum. However, investors should watch for official confirmations and adoption metrics before expecting sustained growth.
Detailed technical indicators analysis for FET/USDT:USDT
FET/USDT:USDT – Score: 8, Price: 0.2924
Scalping Potential: High, Confidence: Low
⚪ Entry Rating: Fair, Best Timeframe: 15m
Bullish Signals: 4
Entry condition analysis
- RSI Zone: Good entry zone
- Pullback: ❌ None
- Support Bounce: ✅ Strong
- Volume Pattern: ⚪ Neutral
- Risk/Reward: ❌ Poor
- Trend Change Signals: ❌ None
- Bullish Divergences: ❌ None
- Price Pattern: ✅ Retest
⚠️ Warning signals
- 🟠 Resistance Proximity (Medium Risk, 15m): Price is near resistance without sufficient volume for breakout on 15m chart – Resistance at: 0.29270000 (0.14% away), 0.29330000 (0.34% away)
- 🟠 Resistance Proximity (Medium Risk, 1h): Price is near resistance without sufficient volume for breakout on 1h chart – Resistance at: 0.29750000 (1.74% away)
Timeframe analysis
— 15m Timeframe (Score: 6) —
- RSI: 63.55 (rising, neutral) – Bullish
- MACD: Histogram: 0.0015960553079879 – Bullish
- Moving Averages: Price Above Short MA: Yes – Bullish
- Volume: 1.5282373815613 above average – Bullish
- S/R: Near Support – Support
— 1h Timeframe (Score: 2) —
- RSI: 36.67 (falling, neutral) – Neutral
- MACD: Histogram: -0.0037366134300596 – Neutral
- Moving Averages: Price Above Short MA: No – Neutral
- Volume: 0.12133897675227 above average – Neutral
- S/R: Near Support – Support
Synthetix Network Token (SNX) +9.82%
Synthetix’s SNX token surged over 24% recently, reaching a 10-month high after news about its perpetual DEX launch sparked excitement despite some trader skepticism.
#SNX Synthetix is a leading DeFi protocol enabling synthetic asset issuance on Ethereum. The upcoming launch of its perpetual decentralized exchange (Perp DEX) is expected to expand trading options and liquidity for SNX holders.
While the price rally reflects positive anticipation for new product offerings, cautious traders may limit upside until the Perp DEX proves successful post-launch. Volatility remains high but the long-term outlook appears bullish if execution meets expectations.
Detailed technical indicators analysis for SNX/USDT:USDT
SNX/USDT:USDT – Score: 5, Price: 1.537
Scalping Potential: Low, Confidence: Low
⚫ Entry Rating: Poor, Best Timeframe: 15m
Bullish Signals: 1
Entry condition analysis
- RSI Zone: Poor entry zone
- Pullback: ❌ None
- Support Bounce: ❌ Weak
- Volume Pattern: ❌ Poor
- Risk/Reward: ❌ Poor
- Trend Change Signals: ❌ None
- Bullish Divergences: ⚡ Moderate
- Price Pattern: ❌ None
⚠️ Warning signals
- 🟠 Resistance Proximity (Medium Risk, 15m): Price is near resistance without sufficient volume for breakout on 15m chart – Resistance at: 1.56300000 (1.69% away)
Timeframe analysis
— 15m Timeframe (Score: 3) —
- RSI: 14.78 (falling, oversold) – Neutral
- MACD: Histogram: 0.024025494434439 – Bullish
- Moving Averages: Price Above Short MA: No – Neutral
- Volume: 0.72944518271902 above average – Neutral
- S/R: Near Support – Support
— 1h Timeframe (Score: 2) —
- RSI: 57.60 (falling, neutral) – Neutral
- MACD: Histogram: -0.023449742462675 – Neutral
- Moving Averages: Price Above Short MA: No – Neutral
- Volume: 0.11156927547279 above average – Neutral
- S/R: Neutral – Neutral
TrueFi (TRU) +9.71%
TrueFi’s TRU token jumped 76% recently as it gains recognition as a leading Real-World Asset (RWA) token within decentralized finance ecosystems. Current trading price hovers around $0.1427 with ongoing volatility.
#TRU TrueFi is a DeFi lending protocol that enables uncollateralized loans backed by real-world assets through community governance using the TRU token. Its focus on bridging traditional finance with crypto has attracted significant attention.
The strong surge indicates growing confidence in TrueFi’s RWA model; however, price fluctuations are expected due to inherent volatility in emerging DeFi sectors. Continued protocol development and adoption will be key drivers for sustained growth or potential pullbacks.
Detailed technical indicators analysis for TRU/USDT:USDT
TRU/USDT:USDT – Score: 5.5, Price: 0.02277
Scalping Potential: Medium, Confidence: Low
⚫ Entry Rating: Poor, Best Timeframe: 15m
Bullish Signals: 3
Entry condition analysis
- RSI Zone: Poor entry zone
- Pullback: ⏳ Forming
- Support Bounce: ❌ Weak
- Volume Pattern: ⚪ Neutral
- Risk/Reward: ✅ Excellent
- Trend Change Signals: ❌ None
- Bullish Divergences: ❌ None
- Price Pattern: ⚪ Consolidation
Timeframe analysis
— 15m Timeframe (Score: 2.5) —
- RSI: 47.83 (falling, neutral) – Neutral
- MACD: Histogram: -7.9601667629987E-5 – Neutral
- Moving Averages: Price Above Short MA: No – Neutral
- Volume: 1.1176984312069 above average – Bullish
- S/R: Near Support – Support
— 1h Timeframe (Score: 3) —
- RSI: 44.47 (falling, neutral) – Neutral
- MACD: Histogram: -0.00040141853779565 – Neutral
- Moving Averages: Price Above Short MA: Yes – Bullish
- Volume: 0.14813921803966 above average – Neutral
- S/R: Neutral – Neutral
