The aligned setup of double bottom breakout and the អេវ version 3 liquidity mining going live on Avalanche had surged AAVE price by 8% on early Wednesday. The coin price tagged the $200 psychological level, indicating a 26.3% gain from the $157 higher low support. However, the sudden selling pressure has reverted the coin price, displaying a high-wick candle.
ចំណុចសំខាន់:
- The AAVE chart shows a morning star candle in the monthly time frame chart
- The 50-and-100-day DMA presents a bullish crossover
- The intraday trading volume in AAVE/USD is $423 Million, indicating a 109.1% fall.
ប្រភព - ជួញដូរ
Over the past three quarters, a descending trendline constantly hammered down the AAVE buyers’ attempt to sustain a genuine uptrend. However, amid the march rally, the coin price gave a massive breakout from this trendline, signaling an upcoming bull run.
The bullish breakout marked a high of $261 on April 1st and immediately reverted to retest the breached resistance. The falling price reached the breached trendline at the $157 mark and formed a double bottom pattern.
Furthermore, The AAVE price rebounded with a bullish breakout from the $180 neckline. The coin price currently trades at the $188 mark, indicating a 22% growth since the retest.
A 108% pump in volume activity suggests rising bullish momentum, encouraging buyers to pierce the overhead resistance of $200. If buyers succeed, the altcoin will surge to the $220 mark, followed by $260.
Alternatively, the $180 fallout could dump the coin price back to $157 support, questioning the credibility of the trendline breakout.
សូចនករបច្ចេកទេស
The crucial DMAs(20, 50, 100, and 200) present two contradictory setups. The 20 DMA slope moving near the $200 resistance zone interrupts the buyers to obtain a resistance breakout. However, a potential bullish crossover between the 50-and-200 DMA encouraged additional buying for this coin.
A successful retest to the long-coming resistance trendline prevented the MACD indicator line from dropping into bearish territory. These lines are nearing a bullish crossover, bolstering a breakout from the $200 mark.
- កម្រិត Resistance: ២,០០ ដុល្លារនិង ២.៥០ ដុល្លារ
- កំរិតគាំទ្រ៖ ១.៥០ ដុល្លារនិង ១,៤០ ដុល្លារ
ការមិនទទួលខុសត្រូវ
ខ្លឹមសារដែលបានបង្ហាញអាចរាប់បញ្ចូលទាំងគំនិតផ្ទាល់ខ្លួនរបស់អ្នកនិពន្ធនិងស្ថិតក្នុងស្ថានភាពទីផ្សារ។ ធ្វើការស្រាវជ្រាវទីផ្សាររបស់អ្នកមុនពេលវិនិយោគលើគ្រីបគ្រីប។ អ្នកនិពន្ធឬការបោះពុម្ពផ្សាយមិនទទួលខុសត្រូវចំពោះការបាត់បង់ហិរញ្ញវត្ថុផ្ទាល់ខ្លួនរបស់អ្នកទេ។
អំពីអ្នកនិពន្ធ
Source: https://coingape.com/markets/aave-price-analysis-can-dma-crossover-drive-aave-price-to-break-200/