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

Innehållsförteckning

CoinPedia News

Andra artiklar publicerade 30 juli 2024

Pixelverse and Jambo Team Up to Boost Crypto Gaming

XRP déjà vu: Is another 60,000% price surge on the horizon?

KuCoin Unveils GemSlot: Play, Earn, and Discover Crypto’s Hidden Gems

Why Is Bitcoin Price Falling Today?

Trezor’s first hardware wallet turns 10: But is it still any good?

Russia Advances Crypto and Mining Regulations as US Sanctions Impact Economy

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!