AAVE, YFI and Elrond surge as Bitcoin price breaks above $19,300
Bitcoin’s bullish move above $19,300 is pulling select altcoins closer to their key overhead resistance levels. Over the weekend Bitcoin (BTC) price made a push back above the $19,000 level as traders showed up and provided enough volume to support the surge. At the time of writing, BTC price breaking above a pennant but the $19,300 to $19,500 range continues to present significant resistance. According to Cointelegraph contributor, Rakesh Upadhyay:“If the bulls can push the price above the $19,500 to the $20,000 overhead resistance zone, it will complete an ascending triangle pattern that....
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AAVE is currently in a recovery phase, successfully breaching the crucial $80 psychological resistance marker to trade at $82.52 at the time of this writing, according to tracking from Coingecko. AAVE manages to move past the crucial $80 resistance marker The altcoin could be looking at a further push all the way up to $116 AAVE continues price pump despite Tron Founder’s massive withdrawal from the crypto’s protocol Over the last seven days, the cryptocurrency managed to tally a price increase of 15.4% as it also goes up by 8% on a month-to-date basis. The bearish momentum that plunged....
The transformation of Aave’s native asset LEND into a new symbol, titled “AAVE,” has begun with a 25 percent price surge. In retrospect, the team behind Aave announced two weeks ago that it would transfer its ownership of the lending protocol to a “genesis governance” built following a community vote. The ayes came in favor […]
A handful of concerning factors, plus AAVE’s correlation with the Nasdaq, increases the possibility of the altcoin undergoing another massive sell-off. Technical analysis suggests that a recent uptrend in the price of Aave (AAVE) is showing signs of exhaustion based on early development of a classic bearish reversal pattern.Is AAVE headed to $70?Dubbed a "rising wedge," the pattern surfaces when the price rises inside a range defined by two ascending, converging trendlines. As it happens, the trading volume declines, pointing to a lack of conviction among traders when additional buying is....
Elrond, together with Polygon and Uniswap, were the three altcoins mentioned in a recent news report by CNBC to watch out for this month as they managed to tally significant gains despite the continued grip of bears in the crypto market. Elrond is currently in a bullish pattern, ready to test the $57.7 resistance marker EGLD could go as high as $67.5 if its bull momentum continues Experts predict the asset ending the year with price closer to its November 2021 ATH Elrond has successfully increased its September 28 price of $45.43 by 10% to trade at $55.65. But the blockchain token improved....
A classic technical indicator risks sending AAVE's price toward $105 in the next few months. A sharp rebound move witnessed in the Aave (AAVE) market in the last three days has raised its potential to rise further in May, a technical indicator suggests.AAVE price rebounds from key supportDubbed a "rising wedge," the pattern appears when the price rises inside a range defined by two ascending, contracting trendlines. It typically resolves after the price breaks below the lower trendline with convincingly rising volumes.AAVE has been painting a similar ascending channel since early February....