Is there still drama in the DEP sector? Analyst: These 5 coins are worth following, could there be a big pump in November?

The cryptocurrency market has rebounded in the past month, with BTC rising more than 8,500 points from $63,327 to $73,315 at the time of writing. DePIN zone is one of the zones that the crypto world community has previously valued, but its recent performance is clearly not as good as the overall market. According to Artemis Terminal data, DePIN zone tokens have fallen 8.7% in the past month.

Source: Artemis Terminal The performance of each sector in the past month, DEP fell by 8.7%, ranking second to last.

Nevertheless, as an important infrastructure for Web3 to connect with the real world, the fundamentals of DEP have not changed, and new developments are constantly being introduced. In order to provide observations for this sector, the analyst of the foreign media 'BeInCrypto' has compiled 5 DePIN Tokens that may outperform the market in November, and provided short term support and resistance analysis. This article is for reference only and should not be used as a basis for investment.

Bittensor ($TAO)

Bittensor ($TAO) has dropped by 15.21% in the past 30 days, with the current price at $497.86. Analysts believe that considering $TAO's historical high of nearly $800, the recent decline is a good buying opportunity. According to the daily candlestick chart, the $TAO price is below the 20-day Moving Average (MA) and has not fallen below the EMA50, so the target price for November is approximately $681.85. However, if it falls below the EMA50, the next support level for $TAO will be at $397.32.

Image source: "BeInCrypto" $TAO market price

Filecoin（$FIL）

Filecoin（$FIL） is currently priced at 3.66 US dollars, down 6.45% in the past month. If the trend continues, $FIL may further break through the 3.85 US dollars resistance level, with a target price of 4.29 US dollars in November; otherwise, if panic intensifies, $FIL may fall to 3.41 US dollars.

Image source: BeInCrypto $FIL market price

JasmyCoin ($JASMY)

The current price of JasmyCoin ($JASMY) is $0.01867, which has fallen by 17.04% in the past month. Its trend has formed a falling wedge, and if it can break through, it is expected to rebound to the Fibonacci 61.8% resistance level, which is $0.034. If it fails to break through $0.020, $JASMY may fall back to a price of $0.016 support.

Image source: "BeInCrypto" $JASMY market price

Livepeer（$LPT）

Livepeer($LPT) is currently priced at $10.83, down 24.07% in the past month. The recent resistance levels for $LPT are at $11.84 and $13.27. If these two levels are broken, it may further rise to $15.23; if buying pressure weakens, it may retest the support level at $9.96.

Image source: 'BeInCrypto' $LPT market price.

Grass（$GRASS）

$GRASS is currently priced at 1.05 US dollars. Analysts point out that as the altcoin was recently issued, $GRASS is still in the price discovery stage, so under the expectation of the AltCoin market, $GRASS is expected to rise to 2 US dollars.

Image source: "BeInCrypto" $GRASS market price

"Encryption City" reminds you that the current circulating supply of $GRASS is 244 million, accounting for only 24.4% of the Aggregate Supply of 1 billion. Just underwent the initial Tokenissuance, which means there may still be a large number of institutions or retail investors waiting to sell this type of Token in the market. Before trading such Tokens, be sure to DYOR as much as possible to avoid potential asset losses.

【Disclaimer】There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific situation. Investing based on this is at your own risk.