Top Performing Cryptos This Week – How Far Can AAVE and PENDLE Prices Rise From Here?
AAVE and PENDLE have caught the attention of crypto enthusiasts this week. These digital currencies have shown impressive gains, sparking curiosity about their future potential. This article delves into the prospects of these standout cryptos, exploring how much further their prices could go. Stay tuned to discover which coins might continue their upward trajectory.
Aave Price Surge: Bullish Run with Key Support and Resistance
Aave experienced an 82.71% increase over the past month and a 51.95% rise across six months. AAVE also gained 8.93% over the last week, reflecting strong momentum and investor confidence. Aave has shown a rapid upward move that has built a solid foundation over recent months, supporting a bullish outlook in the overall market performance.
The current trading range stands between $125.84 and $191.06, with immediate resistance at $217.80 and support at $87.37. Although the high RSI value of 73.65 hints at overbought conditions, bull momentum remains strong. Trading within these boundaries may present opportunities, but caution is advised if the price falls below key support levels.
Upward Momentum Amid Mixed Six-Month Trends
Pendle saw a 38.11% monthly increase contrasted by a 17.46% decline over the past six months. Price action over the last few weeks has been volatile with a modest 2.55% gain, reflecting swings between bullish bursts and corrective pullbacks. Market sentiment has varied, and recent gains hint at renewed buyer interest despite prior setbacks.
Current price levels lie between $2.62 and $4.01, with the first resistance at $4.59 and primary support at $1.80. Bulls have pushed the price upward in the short term, but lingering bearish pressure from the longer-term dip prevents a clear trend. Traders could consider accumulating near support and targeting resistance breaks to confirm stronger bullish momentum.
Conclusion
AAVE and PENDLE have shown strong performance this week. Both coins have demonstrated significant growth. Investors are optimistic about their future potential. Growth trends suggest these coins might continue to rise. Watching market movements and updates closely is essential. These cryptos are currently gaining more traction. Their future performance will depend on broader market conditions and ongoing developments.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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