AVAX rebounds on Tuesday, as AAVE rallies by over 10%.
Both of these cryptocurrencies rebounded from losses during yesterday’s session, with AAVE trading as much 10% higher.AAVE rebounded during Tuesday’s trading session, as bulls returned to action after a recent three-day winning streak was snapped yesterday.
Today’s move pushed prices away from the long-term support level of $80, and they now hover marginally below a resistance point of $94.Bulls in AAVE seem to be targeting the $100 level, however we will likely not see a move towards this point unless the current ceiling on the RSI is broken. Overall, although prices are currently oversold, both the short and mid-term moving averages show that momentum is still bearish.Similar to AAVE, AVAX saw its price climb higher on Tuesday, after a brief stint in the red to start the trading week.
As a result of today’s move, AVAX is now trading marginally below a resistance level of $37.30, which appears to be the point bulls are targeting.Overall, relative strength on the current chart shows that prices are still oversold, and tracking near multi-month lows.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: BTC Below $30,000 to Start the Week – Market Updates Bitcoin NewsFollowing a volatile weekend of trading, cryptocurrency prices consolidated to start the week, with BTC close to its long-term floor.
Read more »
First Mover Asia: Singapore’s Regulators Will Be Eyeing Local Crypto Companies After Terra Collapse; Bitcoin ReboundsSingapore’s regulators are aware of the trend of crypto companies using a Singaporean entity to conduct business abroad with no material ties to the country; bitcoin jumps above $31K. thesamreynolds and JPRubin23 report
Read more »
Cardano (ADA) and Solana (SOL) Record Double-Digit Price SpikesThe leading “Ethereum killers” have emerged as the best-performing cryptocurrencies over the past 24 hours
Read more »
Why the Hottest News at Bitcoin 2022 Was Not About Bitcoin | HackerNoonThis year’s Bitcoin 2022 in Miami came after the legalization of Bitcoin in El Salvador in September last year bringing the announcement of Shopify integration
Read more »
Bitcoin․com Exchange Market Insights Report for May 2022 – Promoted Bitcoin NewsThis is the May 2022 monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market
Read more »
Hot off the Wire: Listen to today's top storiesGet caught up with our daily podcast recapping top news, including: Update on two shootings, U.S. troops heading to Somalia and more primaries Tuesday.
Read more »