The metaverse It is a hybrid virtual reality. A virtual world, where people can live, work, shop and do other things from the comfort of their homes in the physical world. In simple terms, the Metaverse is the future of the Internet.
since then Facebook Instead of its name to the Meta, the value of these coins gained popularity. There are many Metaverse coins available, but not all of them are for trading.
Here we give you a list of the top five Metacoin companies to trade in September:
On the daily chart, the file ApeCoin (APE) price Looking for a 50% appreciation in the month of September. The coin faced critical support near $4.71. After testing the mentioned level on July 17, the price surged 45% to the swing highs at $7.33. The formation of a spinning top near the upper level, which is a bearish reversal pattern that defines the downtrend.
The APE indicator rebounded to the same level with the formation of several Doji candles, which indicates a consolidation.
RSI (14) is in oversold territory. Renewed buying pressure may push the price forward.
We expect a short-term target of $7.0.
2 Axie Infinity Coin (AXS)
Axie Infinity (AXS) outperformed nearly 20% in the previous month. The new trading session started on a higher note. Over the past five days, the token has grown by 14%. If the price breaks above the 21-day exponential moving average, we can expect the current bullish momentum to continue.
The double top structure near $19.70 has triggered a downtrend starting on August 13th.
The additional buy share will apply the desired direction to the price. When moving higher, the price can regain the last swing high.
However, bullish arguments will be challenged if the price breaks below the monthly support formed around $13.0.
In this case, another round of selling could start for as little as $10.0.
3 Sushi Swab (Sushi)
On the daily chart, the SushiSwap token (SUSHI) has a short-term resistance area near $1.60. Also, the “Triple Top” structure formed a bearish reversal technical formation. The price fell nearly 36% to test the lows at $1.02.
Buyers found reliable support around the mentioned level as SUSHI made several bottoms at this level. The bullish hammer formation at the beginning of the September series made the bulls hope for a quick recovery.
oversold RSI (14) Indicator along with positive divergence invokes bullish momentum. Currently, it reads at 37.
The market structure indicates that the bulls are at the fore. The first upside target was found at $1.40. Additional purchases should bring in $1.60.
A break below $0.90 would make a new all-time low towards $8.0 or lower.
4 Enjin coin (ENJ)
Enjin coin (ENJ) was trading on the daily chart earlier in a “bullish channel” pattern, making higher highs and higher lows. From the channel rally, the price formed a double top structure, dropping more than 35% from the rallies. On August 26, the token gave a breakdown to form a “bullish channel” with above average volumes, giving further confirmation of the upcoming downtrend.
However, the $0.50 price level acted as a short-term price barrier for the bears. If the buyers are able to flip this level, then we expect the first bullish target of the upper trendline of the ascending channel at $0.85, and this will be the turning level.
Since last week, prices are consolidating in a narrow range, leaving no moment at all, with diminishing volumes. If the price breaks below $0.49 on the daily chart, we can expect a sharp drop to $0.37, the levels last seen in June.
5: Decentraland (MANA)
Decentraland (MANA) price More than 20% in the previous month. MANA is facing a strong rejection near the $1.10-1.00 resistance area. The bulls failed to maintain the mentioned level since June 2022.
We expect the price to take a quick recovery to the immediate resistance around $0.85. After that, market participants can jump in to regain the psychological level of 1.0.
Currently, the price is hovering near the $0.70 to $0.77 demand zone. It is an important trading area if this range is broken that would lead to chaos.
In conclusion, we anticipate a recovery in the crypto space as the market is technically oversold.