您现在的位置是:Aave (AAVE) to continue recent uptrend >>正文
Aave (AAVE) to continue recent uptrend
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛93473人已围观
简介Aave (AAVE)has ranked among the top 5 best performing major crypto assets in the last two weeks. The...
Aave (AAVE)has ranked among the top 5 best performing major crypto assets in the last two weeks. The coin has been on a major uptrend and in fact, it managed to break above $200 for the first time this year. So, where does the price action go from here? Here are some pointers to keep in mind:
After surging towards $230, AAVE appears to have lost its upward momentum.
The coin has largely remained in sideways trading for the last two days
AAVE was also rejected at the crucial $241.8 resistance level
Data Source: Tradingview
Can Aave find momentum?
The rejection at $241.8 was a big letdown for bulls who had managed to push AAVE quite high in the last 14 days. In fact, the coin has since retreated and is trading at around $231. We expect bulls to try and breach the $241.8 price in the coming days.
Although this will be difficult given the current stagnation in the price action, it is not impossible. A break above $241.8 will push AAVE further above $261 before any resistance. This will represent a 15% upswing above the current price.
Despite this, there is still a very big risk of retracement. Remember AAVE has largely trended upwards for the most part of March. A correction is, therefore, due and as such, we could see a strong retracement that takes the coin back to $210. However, if the price action stays above $230, more upside will come.
Why should you consider AAVE now?
We still think that there is a little bit of upward momentum left for AAVE. In fact, a sharp rise toward $260 is still possible. Buying now will therefore give you a chance to make back at least 20% in returns.
But the risk of retracement on the downside should not be ignored. If bulls cannot keep the price above $230, then you should probably wait for it to fall back to $210 or thereabout before buying.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/17591.html
相关文章
Music Video: Katy Perry’s "Roar"
Aave (AAVE) to continue recent uptrendAbandoning the Rockytheme of her closing performance under the Brooklyn Bridge at this year’s MTV Vi...
阅读更多
Has Cosmos ATOM/USD finally found a bullish footing?
Aave (AAVE) to continue recent uptrendCosmos ATOM/USD has climbed 2% in the past day to consolidate weekly gains at 17% ascryptocurrencies...
阅读更多
=nil; Foundation raises $22M to build zk
Aave (AAVE) to continue recent uptrend=nil; Foundation has raised $22 million in a funding round led by Polychain Capital.The firm will us...
阅读更多
热门文章
- S Korea’s Bithumb Appears to be Looking for Buyers, Again
- Crypto Forecasts for 2023: Solana (SOL) and Metacade (MCADE)
- Grayscale Controls 2.4% Of The Total Bitcoin Supply
- Axie Infinity’s AXS price is surging: Is this a bull trap?
- Philippines Central Bank will not launch a digital peso soon
- Metacade’s (MCADE) Presale Is Selling Out Amid the Crypto Winter – Here’s Why
最新文章
Immutable and InQubeta altcoins to watch; Invesco and Galaxy slash fee in Spot Bitcoin ETF race
P2P platform LocalBitcoins is shutting down
Bonnaroo 2013 Photo Diary: The Fans
Venom Blockchain Partners with DAO Maker to Incubate Web3 Startups Focused on Real
Bitget BTC halving study: 84% of investors predict Bitcoin will hit a new ATH
Chainlink’s native token (LINK/USD) whales are on an accumulation spree