Ghost
Aave’s price has performed strongly in the past 24 hours, rising more than 8%, continuing to move forward in a positive trading atmosphere. Notably, the token has gained approximately 16% over the past week, a trend that highlights investors’ growing interest in Aave. In addition, its price trend has clearly formed an upward channel pattern, indicating optimistic expectations for future prospects.
Technically, the green histogram of the Moving Average Convergence Divergence (MACD) continues to expand, showing a strong buy signal, and the convergence between the moving averages also points to the further upside potential of Aave prices. At the same time, the combination of the EMA 50 and 200-day lines shows a clear bullish trend, indicating that the Aave token is expected to continue to appreciate in the future.
If the market can successfully hold the support level of $105.50, the bulls will be ready to challenge the resistance level of $118.50. Once this resistance level is effectively broken, the Aave cryptocurrency is expected to further move towards a new high of $131.
TON
Telegram-backed Toncoin (TON), a fast-rising Layer 1 network, has maintained its lead over most crypto assets since hitting an all-time high at the beginning of the year. The total locked value of its Web3 blockchain has approached $600 million, while the stablecoin market value has exceeded $619 million.
TON’s strong performance has been fueled by its extensive strategic partnerships, including close cooperation with Tether USDT, and the promotion of thriving gamification projects such as Hamster Combat and Notcoin (NOT), which have added fuel to its bullish outlook.
In addition, TON's listing on Binance, the world's leading cryptocurrency exchange, also provided strong support for its price increase. The latest market data shows that TON prices have risen by more than 8% since Monday, with the price at around $6.66 during the early European trading hours on Thursday. However, in order to maintain the bullish momentum in the future, TON needs to convert the 50-day moving average into a solid support level.
DONE
The price of the artificial intelligence super league FET has risen steadily in the past week, with an increase of 5.34%, ranking 32nd in the global cryptocurrency rankings, with a market value of approximately US$2.23 billion. In the past 24 hours, the price of FET has risen by 2.89%, and the trading volume has reached US$104.49 million.
Although the relative strength index (RSI) shows an upward trend in the FET price chart, this reflects the fluctuations in market sentiment rather than a clear price trend. At the same time, the flattening trend of the average trend line also indicates that there is a certain degree of uncertainty in future price predictions.
If market forces succeed in pushing FET prices above the $1.050 resistance level, bulls will have a chance to test the higher ceiling at $1.650.
NEAR
As volatility in the cryptocurrency market increases, Near Protocol's price has increased by about 3% in the past 24 hours, and its trading volume has also increased by 31.85% to $234.83 million. Despite the market's brief correction in the past few weeks, NEAR's return rate so far this year remains at a high level of more than 10%.
Technically, the MACD indicator has shown a growing trend in the green bar chart, and its average has shown a positive crossover, which indicates an increase in bullish sentiment in the market. However, the death crossover of the EMA 50 and 200 suggests that there is a divergence in market sentiment.
In the positive market atmosphere, if the bulls can continue to exert their strength, the NEAR price is expected to challenge the resistance level of $4.925 in the coming weeks.
Good news, US stocks surged last night.
Bad news: Bitcoin plummeted to 59,800-55,900, another $4,000 drop
Good news: Bitcoin has stopped falling near 56,000
I saw many people looking for the reason for the big drop. In fact, this wave of decline is very confusing because the U.S. stocks and other stocks have all risen sharply, and only the cryptocurrency market has fallen. There is no bad news in the cryptocurrency market, so you don’t need to look for reasons anymore. You can just understand it as a dog dealer cutting leeks.
According to the surge in US stocks, the corresponding Bitcoin price should be 64,000
But Bitcoin is now 56000-57000, to be honest
Except for the unexpected pull-up on the day of 59000-62000
The rest of the trend was not as expected. It fell sharply to 61500-62000 several times, and each time the drop was more than 3000 dollars. This time it went against the trend of the US stock market and fell to 56000, which was very strange.
There are three major hidden dangers in today's environment:
The US economy is in recession? This is the key to the current market speculation
The Russian-Ukrainian war worsens? Ukraine enters a nuclear power plant in Kukkesk Oblast
The African monkeypox virus is out of control? Some say it is a copy of the new coronavirus, but monkeypox is far less contagious than the new coronavirus.
