Here are 5 Depin coins to buy in September.

Decentralized physical infrastructure (DePIN) powered tokens are gaining traction, making them an asset investors should watch closely.

As September approaches, key DePIN coins to prioritize include Bittensor (TAO), Livepeer (LPT), Edge Matrix Computing (EMC), MultiversX (EGLD), and Arweave (AR).

Bittensor (TAO) trends in an ascending channel

TAO, the Bittensor decentralized machine learning network powered by altcoin, has surged more than 15 percent in the past week. Since the beginning of the month, the altcoin is trading in a rising channel.

This breakout pattern is formed when the price of an asset moves between two parallel upward moving lines, with the upper line acting as resistance and the lower line acting as support.

Currently, TAO is approaching the upper line of this channel. A successful break above this resistance indicates that the advance is likely to continue, adding to the buying pressure. If this breakdown occurs, TAO's price could rise to a four-month high of $578.30.

Read more: What is DePIN (Decentralized Physical Infrastructure)?

However, if a profit-taking movement occurs, the TAO will reverse its direction and support trend. If the bulls fail to defend support, the price of DePin token could go to the August 5 low of $163.70.

Livepeer (LPT) rises above the key moving averages

LPT, the token powering Livepeer, a decentralized video infrastructure network, saw its value jump 28 percent last week. This double-digit gain pushed the altcoin price above both the 20-day moving average (EMA) and the 50-day simple moving average (SMA), indicating strong bullish momentum.

LPT's 20-day EMA, which tracks its average price over the past 20 trading days, is currently at $13.73. Meanwhile, its 50-day SMA, a long-term moving average that reflects the average closing price over the past 50 days, is at $13.35.

Trading at $14.45, LPT is currently above both the 20-day EMA and 50-day SMA. When an asset's value exceeds these averages, it indicates growth and continued growth. If LPT fails, these levels can serve as support, increasing the chances of recovery.

Edge Matrix Computing (EMC) is seeing an increase in demand

Edge Matrix Computing (EMC) is a decentralized AI computing powerhouse application network, and its EMC token has been in high demand for the past week. Trading at $0.22, EMC experienced a 163% price increase, making it the fastest growing DEP asset during this period.

The technical composition of the token indicates that this price increase is driven by real demand. For example, the Chaikin Funds Flow (CMF), which measures the flow of money into and out of assets, is currently at a high and stands at 0.13, indicating strong liquidity.

Additionally, EMC's Relative Strength Index (RSI) is at 68.90, indicating that buying pressure is strong and overselling among market participants.

If the demand for EMC is high, the price can rise to $0.48, which was reached at the end of May. However, with the RSI approaching the overbought zone (crossing above 70), the token may reach the buyer fatigue level, which could lead to a pullback. If this happens, EMC's price could drop to $0.07.

MultiversX (EGLD) witnesses in Bullish Bias.

EGLD experienced strong bullish sentiment last week, resulting in an 11% price increase. Several technical indicators suggest that this bullish trend may continue, leading to further gains.

For example, the Parabolic Stop and Reversal (SAR) indicator shows points below the EGLD price, indicating a continued uptrend. SAR tracks the price direction of an asset and helps identify reversal points. When the points are below the price, it indicates that the asset has an upward trend, which has the potential for further growth.

Additionally, EGLD's Awesome oscillator (AO) is showing green histogram bars, which typically indicates a bullish trend or possible reversal to the upside.

If the current bullish momentum continues, EGLD could reach a price of $33.80, representing a 10% upside from the current price of $30.75. However, if market sentiment turns from bullish to bearish, EGLD's price could drop to $21.77, the lowest level since the August 5 market crash.

Arweave (AR) is showing strong stock, trading in an uptrend

Arweave, a decentralized storage network, hit a six-month low of $16.10 on August 5, seeing its AR token rise. The price has also increased following the rising trend of AR stocks for the past few weeks. Currently trading at $25.22, AR is up 56%.

The Moving Average Convergence Divergence (MACD) indicator supports the potential of an extended rally. At press time, the MACD line (blue) is above the signal line (orange) and is trying to cross above the zero line.

This indicates that the short-term moving average is rising faster than the long-term, which traders interpret as a bullish signal to go long and exit short positions.

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If AR continues to rise, the price may reach $28.88. However, if buying pressure weakens, DPin Token may pull back and visit the August 5 low.