The Metaverse is a digital world where individuals can work, shop, live, and participate in the physical world from their homes. Precisely, the Metaverse will define the internet’s future. These tokens have seen increased popularity since Facebook rebranded to Meta.
The crypto market has multiple Metaverse tokens. However, not all are lucrative investments. You can trade these Metacoins in September:
ApeCoin’s daily chart shows the altcoin could gain 50% in September. The altcoin explored crucial support of $4.71. APE gained approximately 45% after hitting the highlighted support on 17 July. The jump saw the token exploring the $7.33 swing highs. The Spinning top pattern around the higher zone had the token navigating a bearish reversal setup, welcoming downside trends.
ApeCoin dropped to that mark with several Doji candles, indicating a consolidation. The Relative Strength Index (14) stays in the oversold territory. Renewed buying strength might support price surges. The analyst set a near-term target at $7.0.
Axie Infinity (AXS)
Axie Infinity lost approximately 20% within the past month. Meanwhile, it kick-started the new sessions on a high note. The alternative token gained 14% within the last five days. Price surges past the 21-d Exponential Moving Average might trigger upside continuation for the altcoin.
The double top formation near $19.70 triggered downward trends that started on 13 August. More buying participation would offer the needed push to the asset’s price. Upside tendencies might see the price recapturing the latest swing high.
Nevertheless, price dips beneath the $13 monthly support would challenge the bullish arguments. That might trigger another selling wave beneath the $10 mark.
The daily chart shows SushiSwap experiencing a near-term resistance at $1.60. Meanwhile, the triple top pattern (bearish reversal technical setup) saw the price losing approximately 36% to explore the $1.02 lows.
Buyers should secure dependable support at the highlighted mark as SUSHI authorized the level with several bottoms. The bullish hammer setup early in September brought bullish recovery hopes. The oversold Relative Strength Index indicator plus the positive divergence indicate upside momentum.
The RSI stands at 37, while the market bias shows bulls dominating. The initial upside target stands at $1.40. Further buying activities would push it to $1.60. A break beneath $0.90 would welcome a new all-time low.