AAVE
Today’s session saw AAVE rise by almost 10%, as prices rebounded after last week’s losses.
Tuesday’s AAVE/USD low was $175.69. However, today prices soared to an intraday high of $198.02.
AAVE climbed to its highest point in just two weeks, April 6, at $200.
The 200 mark is a resistance level that has been there for a long time. This ceiling was held steady today by bulls who raced to this level.
Bulls would likely have taken profits as the 14-day RSI was nearing its ceiling of 54.90. This ceiling hasn’t been broken for over a month.
If this ceiling is broken, prices could move towards $240. This seems to be the next major resistance point.
The Biggest Movers: APE Up Almost 30%, ZIL, and AAVE are Wednesday’s Big Gainers
APE rose close to 30% Wednesday as the newly listed token reached its highest point since March 17th. AAVE saw a double-digit percentage gain today, while ZIL continued its recent gains.
AAVE
Today’s session saw AAVE rise by almost 10%, as prices rebounded after last week’s losses.
Tuesday’s AAVE/USD low was $175.69. However, today prices soared to an intraday high of $198.02.
AAVE climbed to its highest point in just two weeks, April 6, at $200.
AAVE/USD Daily Chart
The 200 mark is a resistance level that has been there for a long time. This ceiling stood firm today as bulls raced to this level.
Bulls would likely have taken profits as the 14-day RSI was nearing its ceiling of 54.90. This ceiling hasn’t been broken for over a month.
If this ceiling is broken, prices could move towards $240. This seems to be the next major resistance point.
Zilliqa, ZIL
Talking about resistance, ZIL reached its ceiling Wednesday as traders extended yesterday’s bullish momentum.
Yesterday’s bottom at $0.1097, ZIL/USD reached an intraday high of $1.237 on hump day, its highest level since Thursday last week.
This high was also slightly below the $0.1260 long-term resistance level, which was broken just two weeks ago.
ZIL has now returned to this point several times after false breakouts, and bulls are still hesitant to take action.
The chart shows that ZIL trades at $0.1203, which is a result of bulls likely having liquidated previous positions and giving way to bears.
Despite all this bullish sentiment appears to still be present. Bulls could just be waiting for that moment to break the ceiling.