Aave

Summer

<ul class="list-ic vertical">
 <li><span>1</span> <a>Aave (AAVE) and Tron (TRX) crypto are poised for an up move ahead.</a></li>
 <li><span>2</span> <a>Amidst the market downturn, AAVE and TRX might outperform soon.</a></li>
</ul>
<p><strong>AAVE </strong>and <strong>TRX </strong>are past their correction phases and will rebound in the next few sessions. The <strong>Aave token</strong> has flipped from the downside mark of $80 and made a double bottom. It will stretch the buying momentum and might reach the $100 mark soon.</p>
<p><strong>Tron</strong> looks bullish and is decisively sustaining gains above the key EMAs, reflecting the <strong>buyer dominance. </strong>Per the price action, these two crypto assets are looking strong on the charts and might outperform this summer.</p>
<h2 class="wp-block-heading" id="strong-unveiling-price-action-of-aave-aave-and-tron-trx-strong"><strong>Unveiling Price Action of Aave (AAVE) and Tron (TRX)&nbsp;</strong></h2>
<p>On the daily charts of <strong>AAVE </strong>and <strong>TRON</strong>, the price action highlights that the token price trades close to the downward trendline and might flip the trend ahead.</p>
<p>A break and close above the $90 mark would validate the bullish momentum soon and the token might revert the trend soon.</p> <iframe loading="lazy" title="Santiment Chart: Price (AAVE), Price (TRX)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=aave&amp;pt=AAVE&amp;df=2024-03-30T00%3A00%3A00.000Z&amp;dt=2024-05-17T18%3A29%3A59.408Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3B%5B1%3Bprice_usd%3Btron%3BTRX%5D&amp;wax=0%3B1&amp;wc=%2326C953%3B%23FF5B5B&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221h%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>Analysts believe that <strong>AAVE token</strong> might cross the trendline mark and will demonstrate breakout soon.</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$AAVE</a> looking really nice here, pushing for the breakout on the local downtrend: <a href="https://t.co/5zmEfzw8Iu" rel="noopener noreferrer nofollow">pic.twitter.com/5zmEfzw8Iu</a></p>— Crypto Rand (@crypto_rand) <a href="https://twitter.com/crypto_rand/status/1791392079244836972?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 17, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center>
<p class="has-text-align-center">Source: X</p>
<p>Going forward, the <strong>TRX </strong>looks bullish and trades in an uptrend, sustaining above its key EMA mark. Moreover, the crypto asset will retest the 52 week high mark of $0.1500 soon.</p>
<h3 class="wp-block-heading" id="strong-what-does-social-insights-reflect-strong"><strong>What Does Social Insights Reflect?</strong></h3>
<p>The Social volume of <strong>AAVE token</strong> highlights a notable decline over 22.90% and slipped to 1 mark, while <strong>TRX </strong>showed a rise of over 1.90% to 3.</p> <iframe loading="lazy" title="Santiment Chart: Social Volume (AAVE), Social Volume (TRX)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=aave&amp;pt=AAVE&amp;df=2024-03-30T00%3A00%3A00.000Z&amp;dt=2024-05-17T18%3A29%3A59.408Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_volume_total%3B%5B1%3Bsocial_volume_total%3Btron%3BTRX%5D&amp;wax=0%3B1&amp;wc=%2368DBF4%3B%23FF5B5B&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22line%22%7D%3B%7B%22interval%22%3A%221h%22%2C%22node%22%3A%22line%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>Going forward, the futures open interest of <strong>AAVE token</strong> represents fresh <strong>long buildup activity</strong> and spike in the open interest over 4.17% to $38.12 Million.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="252" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-215-1024x252.png" alt="AAVE" class="wp-image-205978" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-215-1024x252.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-215-300x74.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-215-768x189.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-215-750x185.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-215-1140x281.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-215.png 1388w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p>While <strong>short covering </strong>was noted on the futures derivative data of the Tron (TRX) crypto and it might stretch the ascent ahead.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="237" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-216-1024x237.png" alt="AAVE" class="wp-image-205979" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-216-1024x237.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-216-300x70.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-216-768x178.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-216-750x174.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-216-1140x264.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-216.png 1411w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p class="has-text-align-center">Source: CoinGlass</p>
<h3 class="wp-block-heading" id="strong-development-activity-insights-strong"><strong>Development Activity Insights&nbsp;</strong></h3>
<p>The <strong>AAVE token </strong>displays a significant upmove in the development activity and relates the investor speculation. While, <strong><a href="https://www.thecoinrepublic.com/2024/01/27/tron-crypto-can-trx-crypto-price-sky-rocket-soon-jump-hurdles/" target="_blank" rel="noopener noreferrer nofollow">TRX crypto</a></strong> displays a sharp drop in the development activity, which is a primary concern of the investors.</p> <iframe loading="lazy" title="Santiment Chart: Development Activity (AAVE), Development Activity (TRX)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=aave&amp;pt=AAVE&amp;df=2024-03-30T00%3A00%3A00.000Z&amp;dt=2024-05-17T18%3A29%3A59.408Z&amp;emcg=1&amp;emhwm=1&amp;wm=dev_activity%3B%5B1%3Bdev_activity%3Btron%3BTRX%5D&amp;wax=0%3B1&amp;wc=%238358FF%3B%23FF5B5B&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%228h%22%7D%3B%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%224h%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>The immediate support levels for <strong>AAVE </strong>is $80 and $78, whereas the key upside hurdle is around $92, followed by $100. While <strong>TRX </strong>has an immediate support of $0.1200 and $0.1170, the resistance levels are $0.1380 and $0.1500.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>The <strong>AAVE and TRX </strong>crypto might gain pace and will replicate the outperformance ahead. The trend is positive and these crypto assets are looking bullish on the charts.</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

Could AAVE & TRX Crypto Outperform This Summer Amidst Volatility?

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