Polygon

<ul><li>Aave surges 11.90% post-triangle breakout, targeting $200 with strong support at $114-$118.</li><li>Polygon eyes breakout from the descending channel, targeting a rally to $1.125.</li><li>Aave and Polygon show strong bullish setups as traders eye key resistance levels for further gains.</li></ul>Aave and Polygon are exhibiting strong market movements, drawing attention from traders and investors alike. As these two cryptocurrencies make notable strides, it&#39;s essential to explore their recent price action and technical setups that could dictate their future trajectories.<a href="https://cryptotale.org/bullish-chart-patterns-signal-breakouts-for-aave-rune-ftm-tao/" rel="noopener noreferrer nofollow">Aave</a> (AAVE), a leading decentralized finance protocol, has shown remarkable performance, recently breaking out from a symmetrical triangle pattern on its daily chart. This breakout is significant as it usually signals the continuation of the previous trend.In Aave’s case, this trend is bullish, with the price surging by 11.90% in the last 24 hours, sitting at <a href="https://coinmarketcap.com/currencies/aave/" rel="noopener noreferrer nofollow">$126.10</a> at press time. As highlighted by World Of Charts, an analyst, the breakout has allowed the price to move sharply, now running at a 10% profit and heading towards a key resistance zone between $138 and $150. This zone has historically acted as a ceiling, and breaking through it could further solidify Aave&#39;s upward momentum.<a href="https://cryptotale.org/aave-targets-200-polygon-set-for-a-143-surge-analysis/" rel="noopener noreferrer nofollow">Read more on Cryptotale</a><a href="https://cryptotale.org/gate-io-exits-japan-amidst-stringent-fsa-compliance-measures/" rel="noopener noreferrer nofollow">.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Aave Targets $200, Polygon Set for a 143% Surge: Analysis

CryptoTale

Other articles published on Aug 20, 2024

Nintendo Museum in Kyoto set to open after construction delays

Whale Sells Large Amount of Solana

BNB Shows Strong Performance as Open Interest Rises

Exclusive $CAT Airdrop for FLOKI Users as Simon’s Cat Memecoin Launches

As Bitcoin Hits $61K, Will These Top Meme Coins Surge 2x?

SEC Halts Submission of 19b-4 Form for Solana ETF Amid Security Classification Concerns

Join our free newsletter for daily crypto updates!