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77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/49677.html
相关文章
Ethereum Classic (ETC) struggles to report any bullish rise
Aave (AAVE) to continue recent uptrendThe crypto market has in general been very risk-averse. Even though we have seen loads of volatility...
阅读更多
Optimism raises $150 million in a funding round co
Aave (AAVE) to continue recent uptrendThe funding round was co-led by Andreessen Horowitz’ a16z and major crypto VC firm Paradigm.Op...
阅读更多
KBW downgraded Block stock on Monday: find out why
Aave (AAVE) to continue recent uptrendKBW analyst now rates Block stock at market perform.Steven Kwok still sees upside in “SQ&rdquo...
阅读更多
热门文章
- Brazil Considers Using Blockchain Platform For COVID Testing
- Coinbase sues SEC, Ark Invest buys $8.6m in Coinbase stock
- US Billionaire Tim Draper Invests In Unocoin
- 1inch price prediction: 16% spike gives 1INCH new YTD target
- Kazakhstan Generates $700M Investment In Crypto Mining
- Rocket Pool price outlook: RPL whales signaled local top
最新文章
Ethereum price prediction as the Shanghai update draws near
Bitcoin volatility rising as $4.2 billion options set to expire Friday
Waves protocol's TVL has grown past $2 billion after a slow February
Waves (WAVES) gains over 240% in the last month alone
Major cryptos in the green, commodities prices soaring
Robinhood introduces new crypto on