Aave price has performed impressively in the cryptocurrency market. Accordingly, it has compensated a significant part of its recent losses. However, the current situation indicates that this rally may be at risk as investors pause and start cashing in on their profits. On the other hand, there are different situations for BCH and 4 coins. Details are in our article.
Aave price rally likely to take a break
In the past week, Aave price has increased by more than 32%. Accordingly, he contributed to the general rally that started on 16 June. In a two-week period, the altcoin experienced a remarkable 56% growth. It increased the transaction price from $50 to $78. These gains create significant profits for investors. On the other hand, it caused AAVE to reach a five-month high.
But the current scenario points to a potential drop in Aave price as investors, especially whales, begin to take a break and enjoy their profits. In just seven days, whale transactions fell 40%, reflecting the change in sentiment. Previously, these addresses were involved in transactions exceeding $116 million. But the total value is now down to about $72 million. It is possible that the whales will take a cautious approach and wait for market corrections or more gains before continuing their activities.
Selling pressure for Bitcoin Cash, not Aave
Bitcoin Cash (BCH) has experienced a significant increase in buying pressure. It led to a tripling of earnings in a short period of time. However, this rapid rise also risks a significant correction that could reverse many of the recent gains. Between June 19-30, the price of Bitcoin Cash experienced a sharp increase. It hit a local top of $329 before dropping to around $283. This upward move resulted in the liquidation of $25 million worth of shorts, the highest in more than two years.
On the daily chart, the Wave Trend indicator is on the verge of producing a bearish cross in the overbought zone. Accordingly, it contributes to the decline thesis. The Relative Strength Index (RSI) also shows a lower low as well as a higher high in Bitcoin Cash price. It also points to a bearish trend. Accordingly, it indicates a potential decrease in the value of the asset.
Boost hope for Shiba
The popular meme coin Shiba Inu (SHIB) is expected to experience a significant drop in decimal places by 2025, potentially increasing its value to around $0.00004930. However, SHIB’s price exhibited volatility, influenced by enthusiasm and market sentiment. It is currently trading at $0.000007638. Accordingly, it experienced a daily increase of 2.06% and a weekly decrease of 4.18%.
Cryptocurrency enthusiasts are exploring the future prospects of SHIB. On the other hand, experts predict that there will be a significant decrease in decimal places by 2025, potentially resulting in an increase of 550% and a value of approximately $0.00004930. However, it is important to note that the price of SHIB has fluctuated significantly. Currently worth $0.000007638, SHIB is up 2.06% daily. It also fell 4.18% weekly. These fluctuations highlight the inherent volatility of meme coins like SHIB, driven by enthusiasm and market sentiment.
Curve DAO, an uptrend cryptocurrency
Curve DAO (CRV) price has been in a strong uptrend since June 15. Accordingly, it has reached an important resistance level. Technical indicators point to a potential break above this level after a short-term correction.
The price of the Curve DAO (CRV) reached the highest level of the year at $ 1.3. It then follows a descending resistance line. During this decline, the price found support in the $0.5-0.55 range. It was also confirmed by a low of $0.55 on June 15. Currently, the price is testing the resistance line once again. On the other hand, this aligns with the previous support level of $0.8. This convergence indicates strong resistance for the price.
Dogecoin’s resistance struggles amid price surge
The popular meme coin Dogecoin (DOGE) has experienced a notable price increase recently. Accordingly, it gained about 12% in value. DOGE reached the price level of $0.068. This rise creates excitement in the cryptocurrency community. On the other hand, the lack of widespread reaction indicates the need to be cautious among traders.
Technical analysis reveals that DOGE is facing a key resistance level, the 50 Exponential Moving Average (EMA). Despite trying to exceed this level many times, DOGE failed to rise above this level. The hesitation could be due to the previous weak performance and the possibility of a market correction after a solid run in June.
XRP’s potential golden cross and legal battle impact
Ripple-related cryptocurrency XRP is currently positioned for a potential bullish breakthrough. Analysis by cryptocurrency influencer CoinsKid shows that if XRP achieves a “golden cross” where its 10-month EMA exceeds its 20-month EMA, it could hit all-time highs. The final golden cross for XRP resulted in a 720% rally. What does the current trading price of $0.48 mean? It surpasses previous peaks, enabling an all-time high.
CoinsKid proposes a minimum target of $9 if XRP breaks its all-time high. The future growth of XRP, currently ranked 6th by market cap, cryptocoin.com When we look at it as a whole, the results of these events remain unclear, but they offer significant potential.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow on. Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your own research and due diligence before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. Therefore, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.