Aave

Maker

bullish

<p>The post <a href="https://coinpedia.org/price-analysis/altcoins-flashing-bullish-signals-aave-mkr-prices-poised-to-break-the-barrier-with-a-35-jump/">Altcoins Flashing Bullish Signals: AAVE &amp; MKR Prices Poised to Break The Barrier With a 35% Jump</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<h2 class="wp-block-heading" id="h-maker-mkr-price-poised-to-hit-3000-nbsp">Maker (MKR) Price Poised to Hit $3000&nbsp;</h2> 
<p><a href="https://coinpedia.org/price-prediction/maker-dao-mkr-price-prediction/" target="_blank" rel="noreferrer noopener">Maker price</a> has been training within a strong ascending trend ever since the trend broke out of the consolidation during H2 2023. While volatility surged heavily, causing a 150% rise since the start of the year to mark interim highs close to $4000. Although the MKR price faced a huge rejection, the bulls appear to have been gearing up to revive a strong ascending trend and reclaim the lost levels.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc-WPpq5ykKbw9IAnK_sgGhAzReWAZjr-ynL6xzUZQgENDLiWVSSws9aJhSSzY0kRNWBaBaeBKpY3T_ZRXoVHmLA3eLfCbT9BgWjJrSakbJNCnDK5IAhwFl3lSo2NOE_BHWRaSkV0sGJCwIy6enQFDqZq0?key=lROv6eAu3IbnW0DV46gdrw" alt="">
</figure> 
<p>The MKR price rebounded from the lower support of an expanding megaphone, which is a bullish pattern for the token. The Gaussian channel has just turned bullish, which suggests a change in the trend and the MACD is about to undergo a bullish crossover while being within a bullish range. Therefore, the Maker price has entered a bullish range, which suggests the token may reclaim $3000 anytime from now. With a drop in selling volume, the probability of a bearish hindrance is less and hence the token is expected to maintain a healthy ascending trend &amp; reach $4000.&nbsp;</p> 
<h3 class="wp-block-heading" id="h-aave-aave-price-gearing-up-for-a-30-upswing-nbsp">Aave (AAVE) Price Gearing Up for a 30% Upswing&nbsp;</h3> 
<p>Regardless of the recent market dynamics, the AAVE price has been trading under a strong bullish influence for quite a while. After remaining consolidated within a decisive symmetrical triangle, the <a href="https://coinpedia.org/price-prediction/aave-price-prediction/" target="_blank" rel="noreferrer noopener">AAVE price</a> triggers a breakout and hence a retracement could further begin a fresh ascending trend and rise towards the previous highs close to $150 in the next few weeks.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf_ge37_aMKwlsSwy8s7jwyr5b840tIeMKBCDGHv91w--c1hUiuFOf7S2z0V_qZueoH93e2HKlRFA8Ve9aNo6dd3SO13qXc4nNDGC5PswWobh42MKyVmDj4_ha8uH0tSTNJpCzT7ppCJ0kuBgN8cF2C5P_a?key=lROv6eAu3IbnW0DV46gdrw" alt="">
</figure> 
<p>As mentioned above, the AAVE price has broken above the triangle and seems to be prone to a minor pullback. However, the technicals remain in favour of the bulls, which flashes bullish signals for the coming days. The Bollinger bands are contracting, suggesting a drop in volatility, but the 200-day MA at $99.08 is offering a strong base for the altcoin. Therefore, the AAVE price is believed to test the resistance of the triangle, followed by a bullish rebound to reclaim the levels above $150.&nbsp;</p>

Altcoins Flashing Bullish Signals: AAVE & MKR Prices Poised to Break The Barrier With a 35% Jump

Table of Contents

CoinPedia News

Další články publikované 30. 7. 2024

Tria's Unchained brings Chain Abstraction to Injective Ecosystem (30 Jul)

SEC vs Binance: US SEC Amends Lawsuit, Drops Solana from Security List

Introduction to DedaCoin: The Cornerstone of the Deda Ecosystem

Trump and Lummis Lead Push for US National Bitcoin Reserve

Trust Wallet Announces Partnership With TON Ecosystem

WazirX Reports Breach to FIU, Reaches Out to 500+ Exchanges After $235M Hack

Join our free newsletter for daily crypto updates!