The poor determination of the bulls and the bearish lashes in the crypto market, are causing serious problems for small participants of the ecosystem. Trillium (TLM), token of the metaverse Alien Worlds is included among those that have been quite affected, going so far as to lose more than 90% in a matter of 2 months.
At the time of this TLM it trades at $0.07617, losing 13.47% in the last 24 hours. Thanks to a market capitalization of $763,728,890 it is ranked 322nd in the CoinMarketCap ranking.
Alien Worlds is a metaverse-themed game. It operates on the Wax blockchain, and has a decentralized economy in which NFT cards are used to mine TLM and items, perform missions, and participate in the governance of the game.
If you want to know a little more in depth about what the game is about, visit the link that I show you below.
How is Alien Worlds ‘ health currently?
The Alien Worlds metaverse is barely 6 months old, and in that amount of time, its growth has been quite remarkable.
The number of miners in the game has been growing steadily, recently reaching 2.2 million. Despite the fall in the price of Trillium, this figure continues to grow towards new highs, which tells us of a very healthy adoption, which could defend the price of the token as it falls.
The metric of active members has been falling along with the correction of the crypto market; however, the fall has a much lower force than that presented by the token, which should be considered as a good sign, since users have not left the game even when the economy of the same is deteriorating.
Trillium token technical analysis
When reviewing the daily TLM vs USDT chart, we noticed an obvious short-term downtrend, due to the continuous lows and highs getting lower and lower.
During the last days the price made a small retracement. Today the quote seems to be starting a new momentum, which could take the price up to $0.053 as the first target.
To think of a wider retreat, the resistance at $ 0.086 must be traversed.
A short-term trend change will occur if resistance breaks at $0.121.
TLM weekly chart
Even the medium-term trend is bearish for TLM. The Trillium token must overcome resistance at $0.189 to signal a reversal of this trend, which would open the way for gains up to $0.75.
Given how widespread the fall is and the good fundamentals that this currency possesses, it is likely that a turn in the trend will soon occur.
However, there are still no signs that this will happen too soon. It seems that first we will see greater losses in the short term.
All our publications are informative, so in no case should they be accepted as investment advice.
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