![]() ![]() On the other side, the first level of resistance lies at $90. Where is the resistance toward the upside? If the sellers push lower, the first level of support lies at $80 (.236 Fib). On the other side, the coin would need to drop beneath $60 to turn neutral and break further beneath $40 to turn bearish. The cryptocurrency remains bullish right now but will need to break $90 for this trend to continue. AAVE price short term prediction: Bullish It has since dropped slightly to trade at $85.71. The bulls managed to break the $80 resistance at the start of December as they surged higher into the $90 resistance zone. The cryptocurrency had stalled at the $80 resistance in November which caused the cryptocurrency to head lower into the $60 level at the end of the month.įrom there, AAVE rebounded aggressively as it started to climb over the past week. The coins we will be looking at are AAVE(+40.67%), COMP (+30.83%) SNX (+22%), and YFI (+21%).ĪAVE saw a very strong 40.67% price surge this week as the coin reached the resistance around the $90 level. Today, let’s take a look at four different DeFi tokens that have seen healthy price rises over the last week. 618 Fib Retracement) for the DeFi sector to truly explode, but the outlook is promising. The market still needs to overcome the November highs at $2,689 (bearish. Look at the DEFI PERP contract on FTX, the bulls have continued with their rebound higher as they look to tackle the $2,650 level YFI also saw a similar 21% price increase as it reached $27,650.ĭeFi coins have continued to climb much higher since our earlier analysis in the week.SNX saw a smaller 21.75% price hike as it hit the $4.88 level.COMP managed to see a 30.7% price hike itself as it breaks above $130 this week.AAVE saw a strong 40.7% price surge this week as the coin surged toward the $85.82 level. ![]()
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