FET, API3, CYBER, 4 Others Help Market Maker Smile to the Bank

Over the final 30 days, market maker DWF Labs has supplied and made profits off numerous tokens. One of the critical tokens that gave DWF Labs fantastic features embrace Win.ai (FET), CyberConnect (CYBER), and API3.

According to Articulate On Chain, the market maker deposited 1 million FET to Binance after the token surged by 20% in the final 24 hours. Even though the firm quiet held about $3.34 million worth of FET, its total profit in the final month used to be about $6.59 million.

Nevertheless, it used to be no longer these three tokens by myself that gave the DWF those features. Others included JasmyCoin (JASMY), Spell Token (SPELL), Litentry (LIT), and Mosey (PROM).

Win.ai (FET)

From a technical philosophize, DWF’s fresh profit-taking looks to get affected FET’s mark. According to the 4-hour FET/USD chart, the worth dropped from $1.67 to $1.632. Nevertheless, the Relative Energy Index (RSI) confirmed that FET may perhaps well soon trip a drawdown.

This used to be since the RSI reading used to be overbought, indicating a probable pullback length. If more profit-taking is available in, FET may perhaps well furthermore drop to $1.30. Meanwhile, the Bollinger Bands (BB) published that volatility across the cryptocurrency used to be excessive.

In a highly bullish case, FET may perhaps well furthermore prolong to as excessive as $3. Nevertheless, a bearish presence has the aptitude to push down the worth.

FET/USD 4-Hour Chart (Offer: TradingView)

API3

At press time, API3’s 4-hour chart confirmed that the old upward circulation had turn out to be outmoded. As a consequence, the worth dropped beneath the $4 threshold. By manner of the Exponential Shifting Moderate (EMA), Coin Model seen that the 20-day (blue) and 50-day (yellow) had been across the the same plight.

This used to be a clear indication that there had been as many bears as there had been bulls. If the 20 EMA crosses over the 50 EMA, API3’s mark may perhaps well furthermore upward push toward $4.50. Nevertheless, failure to attain that may perhaps well furthermore leave the token consolidating. From a bearish perspective, the worth may perhaps well furthermore inch down to $3.50.

API3/USD 4-Hour Chart (Offer: TradingView)

CyberConnect (CYBER)

CYBER’s market increase used to be different from that of FET and API3. Inside the first few hours of March 1, CYBER’s mark jumped from $8.98 to $10.86. Furthermore, indications from the Awesome Oscillator (AO) indicated that the worth may perhaps well quiet inch increased.

At press time, the AO reading used to be sure, suggesting increasing upward momentum. If shopping force will increase, CYBER may perhaps well create one other bullish, engulfing candle. This time, the worth may perhaps well furthermore jump as excessive as $15.

CYBER/USD 4-Hour Chart (Offer: TradingView)

Love the AO, the Chaikin Money Circulation (CMF) also trended upward. This circulation implied sure capital float into CYBER. Nevertheless, the CMF reading of 0.22 may perhaps well furthermore display masks that the token will seemingly be overbought. If traders receive exhausted, the worth may perhaps well retrace. If no longer, a increased jump may perhaps well furthermore happen in the quick time frame.