Play-to-earn (P2E) games, like Alien Worlds, have seen incredible growth in value in 2021. Are you invested in TLM? Read more to find out the next move of your favorite token!!
TLM is a relatively new token and a native token of Alien Worlds with various functions that let the game be played on three blockchains. It is an interesting project because it is a metaverse gaming platform that features DAOs.
In this article, we are going to study TLM's price movement in different timeframes.
TLM/USDT on a Monthly Chart
Here is the logarithmic chart to keep things nice and simple. When you look at the monthly timeframe, it is clear that TLM is a new project with only ten months being listed on major exchanges.
Taking a closer look, we can see that the price movement is setting higher lows and higher highs. Support was found around $0.1645 and $0.1745 zone. The price action then decided to make a run to the upside forming a higher high around the $0.4290 zone.
It is now ready to retest the previous higher low for support. The next direction is not clear. However, the smaller timeframes should paint a better picture.
TLM/USDT on a Weekly Chart
To keep things simple here, we are using the logarithmic chart again and shifting to the weekly timeframe. This timeframe paints a better picture of what patterns are forming.
The last time when the price was at this level, we saw a double bottom before confirming the next move. History doesn't always repeat itself, but it does often rhyme. After finding short-term support we now see the price heading towards the support once again. The last bounce took a couple of weeks to form before we saw a nice bounce off of the support level. With the confirmation of support, we are expecting the same movement to play out. Keep in mind that there is some major resistance around $0.43 that is keeping the price inside a range.
If bears manage to keep control at this level, TLM will continue to sell-off towards its next major support. However, if bulls take action, we could be seeing the beginning of a healthy uptrend in 2022.
Expect to see a bounce around this level, unless there is a close below $0.2025. A close below this level and the bears will have a field day.
TLM/USDT on a Daily Chart
Last but not least, sticking to the logarithmic chart and shifting to the daily timeframe. The daily timeframes are the trigger timeframe and allow us to see price movement on an intraday level.
We can see price continues to float above the higher low support. There is no confirmation that it will continue to sell off. That being said, looking at the most recent daily candles, we can see bulls present at this level.
If the price closes below the area of interest, it will continue to make lower highs and lower lows. A bounce off of this level and a close above $0.22 will be a sign for an upside movement. This zone will be a war zone between bulls and bears, so look for the bounce!
Alien World Looking Forward
Every NFT in Alien Worlds has a purpose. There are mining tools that can help improve your efficiency.
Players can mine TLM and find NFTs as they upgrade their equipment. TLM is a scarce resource with many in-game features to look forward to:
- Interactive storyline events & cross-promotions with other NFTs
- Landowner minting incentive distribution
- Governance released
- Interoperability between digital items
- Services on Land
Something to keep in mind as well is that TLM is accessible on three blockchains: Ethereum, WAX, and Binance Smart Chain. All three are leaders in the blockchain space and could help bring users to the game.
- Market conditions show the project is new and the next direction is not clear.
- Previously, the token formed a double bottom before making an upside movement. With the confirmation of support, expect the same movement to play out in the weekly timeframe.
- $0.20 zone is a battlefield for bulls and bears
Remember that this is all based on the subjective views of the writer. As always, do your own research.