forex.pm forex forum binary options trade - Сryptocurrency exchanges - Biggest Movers: AVAX Rebounds on Tuesday, AAVE up Over 10%
  • Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

Biggest Movers: AVAX Rebounds on Tuesday, AAVE up Over 10%

Started by Bitcoin, May 18, 2022, 06:18 am

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

Bitcoin

Biggest Movers: AVAX Rebounds on Tuesday, AAVE up Over 10%

Global crypto markets are up over 2% during Tuesday’s session, with AAVE and AVAX two of the biggest tokens to rise. Both of these cryptocurrencies rebounded from losses during yesterday’s session, with AAVE trading as much 10% higher.


Aave (AAVE)




AAVE rebounded during Tuesday’s trading session, as bulls returned to action after a recent three-day winning streak was snapped yesterday.



Following a low of $82.02 to start the week, AAVE/USD rallied by as much as 10% today, hitting a peak of $92.16 in the process.



Today’s move pushed prices away from the long-term support level of $80, and they now hover marginally below a resistance point of $94.







Bulls in AAVE seem to be targeting the $100 level, however we will likely not see a move towards this point unless the current ceiling on the RSI is broken.



Looking at the chart, the 14-day Relative Strength Index is tracking below a resistance of 36.30, which is the highest point the indicator has hit in the past ten days.



Overall, although prices are currently oversold, both the short and mid-term moving averages show that momentum is still bearish.




Avalanche (AVAX)




Similar to AAVE, AVAX saw its price climb higher on Tuesday, after a brief stint in the red to start the trading week.



AVAX/USD rose to a peak of $35.47 earlier in the day, which comes following a low of $32.22 during Monday’s session.



As a result of today’s move, AVAX is now trading marginally below a resistance level of $37.30, which appears to be the point bulls are targeting.







Overall, relative strength on the current chart shows that prices are still oversold, and tracking near multi-month lows.



Looking at the chart, there is an upcoming resistance level at 32, which will test this recent bullish sentiment, which has seen prices climb for four of the last five sessions.



Should bullish strength continue to increase, we will likely see prices move towards $40 in upcoming sessions.



What level do you expect to see AVAX at to end the week? Let us know your thoughts in the comments.


Source: Biggest Movers: AVAX Rebounds on Tuesday, AAVE up Over 10%

Cloud Mining bitcoin,eth  cryptotabbrowser.com - BITCOIN BROWSER
Mining ECOS ASIC mining,CLOUD mining  NiceHash.com
cex.io buy sell BTC/VISA YoBit.Net - DASH (DASH) Exchange Binance - Bitcoin Exchange | Cryptocurrency Exchange | Binance - mining poll -Best ETH poll
We're Currency.com, and we've built the world's first regulated tokenised assets platform
nominex.io - Perfect place to start crypto trading from scratch
Learn. Train. Trade. Win. Farm & earn passively! Register using my ref link: and get extra 10 USDT added to your standard 50 USDT WelcomeBonus!
 
Exmo - EXMO is the most popular cryptocurrency exchange in Europe
Join me at Bybit and get $10 bonus in BTC! Plus, up to $600 worth of rewards await in your Bybit Rewards Hub. Get started with my referral code: knMkN

Stake DeFi NMX and earn income every day NMX farming APY 2,600% - USDT

50x.com - review - Your Trading Freedom Next Generation Crypto Exchange
50X100:SHOP
50x.com refferal programm
Registration 50x.com

Trade Cryptocurrencies with IQ Option Yobit Virtual Mining Bitcoin Betfury.io -- Earn Free BTC Bitcoin Casino betting sport Bitcoin Casino betting sport
 
cryptocurrencyexchanges.online cryptocurrencyexchanges.website
 cryptocurrencyexchanges.xyz cryptocurrencyexchanges.live cryptocurrencyexchanges.today
cryptocurrencyexchanges.club cryptocurrencyexchanges.life cryptocurrencyexchanges.monster cryptocurrencyexchanges.site cryptocurrencyexchanges.shop cryptocurrencyexchanges.store

"BuyBitcoinswithCreditCard"