Chainlink rose after retesting the $ 10.4 support level and tested the $ 12.65 resistance level within a few hours. It was retracing from $ 11.9 to a 61.8% retracement level and is once again trading below the resistance at $ 12.65 at the time of writing.
The MACD jumped above zero and highlighted the bullish momentum behind LINK, the trading volume also gives a significant impression. This highlights the possibility for LINK to rise on the charts in the coming hours, with a short-term target of $ 13.46.
A recent report noted that entries for LINK are on the rise, something that could be bearish news for the digital asset.
Aave (AAVE) price analysis
AAVE is trading in a range of $ 94.8 and $ 70.9 respectively, with upper and lower limits. The price of the cryptocurrency has surpassed the midpoint of the $ 82.2 range with momentum.
It is likely to head towards the $ 94 resistance level, after a possible retest of the $ 85 level to confirm a return from resistance to support. The RSI climbed above the neutral 50 zone and highlighted the bullish momentum for the AAVE amid the short term bullish trend.