Last week, investors’ sentiment increased across the crypto market, with multiple assets hitting weekly highs.
This positive momentum is reflected in a roughly 6% increase in the market capitalization of global cryptocurrencies, indicating a new bullish momentum among traders and investors. Amid this growth of optimism, some Made-in-USA digital assets have recorded significant profits and appear to be even more upside down this week.
Hifi Finance (Hifi)
sponsor
Hifi is the native token of Decentralized Finance (DEFI) Protocol HIFI Finance and is one of the USA coins to watch this week. Token’s value has skyrocketed following the announcement that Binance would list it.
On September 3, Binance confirmed that HiFi was removed from the platform on September 17th, citing the standard registration protocol.
The announcement was widely expected to cause a sharp price drop as investors expected a decline in liquidity and trading profits. Instead, HiFi is seeing a surge in numbers, with tokens increasing by more than 500% over the past week.
The price surge appears to be driven by traders seeking to increase the value of their tokens prior to registration, potentially booking last-minute profits.
So, when Hifi is officially removed from Binance, emotions can change. If you make a profit then the token loses some of its value and can drop to $0.2541.
About Token TA and Market Updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s daily crypto newsletter.
sponsor
However, if demand is maintained, HiFi can rise and trade over $0.3775.
Plum
RWA-based token plume has grown by 48% over the past week, making it another USA coin to watch this week. At the time of this writing, Altcoin is trading at a three-month high of $0.1381.
Plume’s price rally is supported by climbing on-balance volume (OBV) on the one-day chart, indicating that purchasing pressure is driving movement.
sponsor
The momentum indicator, which has been steadily rising since September 4th, rose 28% over that period.
This uses volume flow to predict changes in the price of an asset. The rise indicates that buy-side pressure is increasing and token prices may continue to rise. In the case of plumes, sustained demand could push the token to $0.1431 in the short term.
Meanwhile, as sales pressures intensify, the plume could lose momentum, and the token price could drop to $0.1275.
io.net (io)
sponsor
IO prices have risen 36% in the last seven days, becoming one of the Made-in-USA coins to watch in the third week of September.
Daily charts show a steady increase in the smart money index of tokens, highlighting the sustained support of key token holders. At the time of writing, this is 1.65.
Asset SMI tracks the activity of experienced or institutional investors by analyzing market behavior during the first and last hours of a transaction. If it drops, it suggests that activities from these holders will be sold, pointing to expectations of a lower price.
Conversely, like IO, an increase in indicators indicates an increase in purchasing activity. As demand continues to increase, the token price could violate $0.876.
Meanwhile, once purchasing pressures are flattened, the token price could revisit an all-time low of $0.507.
