• Excessive volatility may push FET right down to $1.30, however a rally to $3 stays attainable.
• Because the EMA converges, API3 is prone to proceed consolidating between the $3 and $4 areas.
• CYBER has pulled a bullish engulfing candlestick, indicating a possible rally to $15.

Over the previous 30 days, market maker DWF Labs has bought a number of tokens and made a revenue. A number of the tokens which have generated unbelievable returns for DWF Labs embrace Fetch.ai (FET), CyberConnect (CYBER), and API3.

In keeping with Spot On Chain, the market maker deposited 1 million FET on Binance after the token surged 20% previously 24 hours. The corporate nonetheless had about $3.34 million price of FET, however its complete revenue final month was about $6.59 million.

Nevertheless, these three tokens aren’t the one ones which have generated these earnings for DWF. Others included JasmyCoin (JASMY), Spell Token (SPELL), Litentry (LIT), and Promenade (PROM).

Fetch.ai (FET)

From a technical perspective, DWF's latest profit-taking seems to be impacting FET costs. In keeping with the 4-hour FET/USD chart, the worth fell from $1.67 to $1.632. Nevertheless, the relative energy index (RSI) indicated that FET might quickly expertise a drawdown.

It is because the RSI studying is overbought, indicating a attainable rebound interval. Additional profit-taking may trigger FET to fall to $1.30. Alternatively, Bollinger Bands (BB) revealed that the volatility of cryptocurrencies is excessive.

In a really bullish case, FET may develop to $3. Nevertheless, any bearish presence may push the worth decrease.

API3

On the time of writing, API3's 4-hour chart confirmed that the earlier uptrend had weakened. Because of this, the worth fell beneath $4. Relating to the Exponential Shifting Common (EMA), Coin Version noticed that the twentieth (blue) and fiftieth (yellow) are across the similar place.

This clearly exhibits that there are as many bears as there are bulls. If the 20EMA crosses the 50EMA, API3 value may rise in direction of $4.50. Nevertheless, if you don’t do that, your tokens might stay consolidated. On the bearish view, the worth may fall to $3.50.

Cyber ​​Join (CYBER)

CYBER's market construction was totally different from FET and API3. Within the first few hours of March 1st, CYBER's value jumped from $8.98 to $10.86. Moreover, indications from the Superior Oscillator (AO) indicated that the worth may go even increased.

On the time of writing, AO readings are constructive, suggesting upward momentum is constructing. If the shopping for stress will increase, Cyber ​​may generate one other bullish engulfing candlestick. This time, the worth may leap to $15.

Just like AO, Chaikin Cash Movement (CMF) can be trending upward. This transfer implied aggressive capital inflows into CYBER. Nevertheless, the CMF studying of 0.22 may point out that the token could also be overbought. If patrons turn out to be exhausted, costs may reverse. In any other case, costs may rise additional within the quick time period.