Depending on the density of large wallets, a move towards $ 450 for Aave seems likely when looking at blockchain data. The medium-term outlook on the charts is neutral, but if it breaks above $ 360, it can back up its bullish strength. Cosmos faced strong resistance at $ 19.8.



Aave price analysis

In previous analysis, a bullish scenario was seen for AAVE. $ 340 was well defended, $ 344 was not transferred to bears. The resistance at $ 360 has not yet been overcome, but it looks possible. The RSI is above the neutral 50, but neither this nor the recent purchase volume in OBV is strong evidence of an upward move.

If it closes below $ 340, the bullish scenario put forward for AAVE could be invalidated and we could possibly see $ 325 and $ 300 revisited as support.

Cosmos (ATOM) price analysis

The Awesome Oscillator climbed above the zero line following ATOM’s bounce from the $ 16 demand zone and then the transition from resistance at $ 18 to support.

The 20-period EMA (white) moves below the 50 EMA (yellow) to highlight recent bearish pressure. A climb above the $ 19.8 level could result in a move to test the $ 21.3 resistance level.

The Supertrend Indicator highlighted the resistance level at $ 19.8 as a point where it will change from giving a short signal to a long signal.


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