The old demand area of ​​around $ 0.425 on the Stellar Lumens front has now been turned into a supply area. Aave is heading towards the $ 344 support level.



Stellar Lumens (XLM) price analysis

The zone between $ 0.422 and $ 0.435 acted as a zone of demand but became a supply zone in the past few hours. The most recent trading session has not yet ended at the time of this writing, but the RSI has dropped below the neutral 50 and it appears that the next level of $ 0.4 could soon be left to the bears.

XLM can expect to find some buying pressure at $ 0.36, but it is unclear whether XLM will keep that level. The short-term trend is bearish, and a retest to confirm the supply zone shows a downward trend that could drop XLM below $ 0.36.

In the next few days, $ 0.38 and $ 0.36 should be watched, and defending both levels could be a sign that the bulls are taking control again.

Aave (AAVE) price analysis

Short-term selling pressure prevails on the Aave side. OBV showed that sales volume outweighed purchase volume as it made a series of low peaks. The bulls have attempted a rebound in the past few days, but faced psychological resistance at $ 400 and the price was forced to decline.

The Awesome Oscillator is below the zero line. If the AAVE bulls cannot stop the falling prices at $ 344, they could possibly retest the $ 292 level.


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