Jakarta, Pinto News – When Cloudflare went down, large swaths of the Internet were affected. It was a clear reminder of how vulnerable centralized web systems are.
In contrast, a decentralized physical infrastructure network (Demin) Projects running through decentralized nodes provide better redundancy and remain stable during such disruptions.
It was this discrepancy that helped drive prices higher in DePIN’s three crypto assets during the turmoil. But now that Cloudflare’s services are back to normal, the question arises: can these coins continue to rise?
Theta Fuel (TFUEL)
TFUEL, the native token supporting Theta Fuel’s DePIN ecosystem, was one of the crypto assets that saw a price surge following the Cloudflare outage.
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Over the past 24 hours (11/19), the price of TFUEL has risen by about 20%, pushing prices higher. Alternative currency To reach a new monthly high. Based on the daily chart, this milestone occurred shortly after the Moving Average Convergence Divergence (MACD) indicator formed a bullish crossover pattern.
The timing suggests that Cloudflare’s disruption boosted positive market sentiment, leading to increased demand for the token.
Upon further examination of the chart, this surge in momentum allowed TFUEL to break the upper trend line of the downward channel pattern that had previously restricted its movement. This breakout signals a potential trend reversal and opens opportunities for further upside.
If this momentum continues, TFUEL has the potential to break the nearest resistance at $0.026. If it can surpass this level, TFUEL may continue rising towards the next target of $0.031. However, this upside potential is highly dependent on demand remaining strong. If selling pressure increases, there is a possibility that the breakout will fail to hold.
In this scenario, TFUEL price could correct and return to the $0.020 range.
herb
GRASS (GRASS), the native token of the decentralized network sharing platform, was one of the crypto assets that benefited from Cloudflare’s outage.
As of November 19, GRASS was trading at $0.35, recording a 16.60% gain over the past 24 hours. On the daily chart, GRASS was previously trapped in a descending triangle pattern.
But now, the token has managed to break the upper trend line of the pattern, indicating a possible change in the market trend. This breakout also corresponds to a significant increase in funds flow indicator (MFI), indicating increased buying pressure.
Although this breakout gives a positive signal, the Supertrend indicator still shows a downtrend, indicated by the red line above the current price. This means that GRASS will likely still face a fairly strong resistance level before a sustained rally occurs.
If the bulls can break through this resistance and sustain a high volume of transactions, GRASS price is likely to rise towards $0.64.
However, if selling pressure emerges again or this breakout does not continue, GRASS prices may correct back to around $0.18, which is the next support area.
Aegon (IAG)
The third DePIN token that saw a price surge following the Cloudflare hack is Iagon (IAG). Since the incident, IAG’s price has risen by about 13%, accompanied by a significant increase in trading volume.
Technically, IAG is currently still moving within a symmetrical triangle pattern. Interestingly, the altcoin has bounced higher after the upper trend line of the pattern, indicating that buyers are starting to take control of the market.
This movement is also supported by the Chaikin Money Flow (CMF) index rising to 0.10, indicating stronger capital flow. If the CMF remains in positive territory and buying pressure continues to increase, IAG prices have the potential to continue rising through the upper boundary of the triangle pattern.
In this scenario, the price of the cryptocurrency could rise towards $0.13, and if the momentum continues, it will likely reach $0.15, which corresponds to the previous resistance level.
However, this positive forecast is highly dependent on the successful breakout of the triangle pattern. If there is a decline below the support line, this pattern will be considered a failure. In this case, IAG price will likely correct back to the $0.082 range.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by third parties. Note that an asset’s past performance does not determine its expected future performance. Cryptocurrency trading involves high risk and volatility, so always do your research and use cold cash before investing. All activities buying and Sell Bitcoin Other crypto asset investments are the responsibility of the reader.
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