Altcoin
AAVE and MKR prices are ready to break the barrier with a 35% jump
The manufacturer’s price (MKR) is ready to reach $3000
Manufacturer’s price has been training within a strong uptrend since the trend broke out of consolidation during the second half of 2023. While volatility has increased significantly, causing a 150% increase since the beginning of the year to mark intermediate highs near $4000. Although MKR price faced a massive rejection, the bulls seem to have prepared to revive a strong uptrend and reclaim the lost levels.
MKR price bounced off 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 trend and the MACD is about to undergo a bullish crossover despite being in a bullish range. Therefore, Maker price has entered a bullish range, which suggests that the token could recover $3000 anytime from now. With a decline in selling volume, the probability of a bearish hurdle is less and hence the token is expected to maintain a healthy uptrend and reach $4000.
Aave (AAVE) Price Gears Up For 30% Rally
Regardless of the recent market dynamics, AAVE price has been trading under a strong bullish influence for quite some time. After remaining consolidated inside a crucial symmetrical triangle, the AAVE Price triggers a breakout and then a retracement could start a new uptrend and move towards previous highs near $150 in the coming weeks.
As mentioned earlier, AAVE price has broken out of the triangle and seems to be prone to a small pullback. However, the technicals remain in favor of the bulls, which casts bullish signals for the next few days. The Bollinger Bands are contracting, suggesting a decline in volatility, but the 200-day MA at $99.08 is offering a solid base for the altcoin. Therefore, it is believed that AAVE price will test the triangle resistance, followed by a bullish bounce to reclaim levels above $150.