Bitcoin

<ul><li>AAVE surpassed $61 resistance after a bullish order block retest on September 12.</li><li>Technical indicators suggest heightened volatility, overbought conditions, and potential retracement.</li><li>Upcoming $69 resistance could present shorting opportunities.</li></ul>Aave, an influential name in the decentralized finance (DeFi) realm, has showcased a stellar performance, notably surpassing the $61 resistance. This impressive 8.5% gain within a day makes a solid case for AAVE&#39;s robust market presence and potential future trajectory.Closely observing the market reveals that AAVE&#39;s recent momentum was gradual. The pivotal moment could be traced back to September 12 when the bullish order block (OB) underwent a retest.This event catalyzed an 18% rally, setting the stage for AAVE&#39;s monumental rise past the $61 resistance. Moreover, this transition strongly indicates the market&#39;s sentiment towards AAVE, with a visible tilt favoring buyers.Based on the analysis, the prevailing sentiment among buyers is targeting a price point of $70. With <a href="https://cryptotale.org/is-bitcoin-set-for-a-rally-pre-halving-crypto-analysts-share-insights/" rel="noopener noreferrer nofollow">Bitcoin (BTC</a>) also making headlines by soaring to the $27k bracket, it further strengthens the position for AAVE to offer more buying opportunities.An intriguing finding has been the bull&#39;s strategic move at the confluence of the pivotal $50 mark and the bullish OB. The resultant bullish momentum in this timeframe cannot be understated.Read full article at <a href="https://cryptotale.org/the-defi-titan-aave-surpasses-the-61-resistance-an-impressive-8-5-one-day-leap/" rel="noopener noreferrer nofollow">CryptoTale.</a>

The DeFi Titan Aave Surpasses the $61 Resistance: An Impressive 8.5% One-Day Leap

CryptoTale

Other articles published on Sep 20, 2023

CoinEX to resume service with new wallet system following $70M hack

South Korean Taxpayers Report $98.5 Billion in Overseas Crypto Holdings

BNB, Uniswap, and Kangamoon can rally in September

Ex-Deutsche Bank Investment Banker Pleads Guilty in ‘R3 Crypto Fund’ Fraud

WPP Stock Price: Bulls are Making Re-entry After Year To Date Low

Korea’s Legislative Research Body Suggests Expanding Blind Trust System to Include Crypto

Join our free newsletter for daily crypto updates!