With BTC Clinching the $70k level again, the broader crypto market is also performing very well.
Aave crypto coin is having a Resistance Breakout. Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it’s advance. Following a resistance breakout, the next closest resistance zone becomes a price target.
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Aave Crypto Price AnalysisPrice is in an Uptrend. Price made a Higher High (above prior swing high) and a Higher Low (above prior downswing low of $71).
Series of Higher Highs and Higher Lows are indicative of an Uptrend. Price broke above $105 resistance and 200-day moving average (~$100) to signal resumption of uptrend with +15% upside potential to $120. Stop Loss at $96.
Buy Now Weekly Price AnalysisThis analysis provides a comprehensive overview of Aave’s current standing, recent trends, and future potential, reflecting its role and performance in the DeFi landscape.
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