Aave (AAVE) and TRON (TRX) are poised for a strong rebound, revealing the future of altcoins! They have successfully held key support levels during this volatility. As the market accumulates energy, they may reignite the upward momentum once the trend turns bullish.
AAVE: The price has recently experienced a strong rise of more than 65%, climbing from below $90 to nearly $150. Although there have been some signs of profit-taking, the price has formed a solid foundation above the channel. In particular, the RSI shows a continued increase in bullish power, and market sentiment tends to be optimistic. If AAVE can break through the existing resistance and close above the channel, the price is expected to hit the monthly high of $145 again. This provides a potential buying opportunity for both short-term traders and long-term investors.
Operational advice: Investors can consider adding positions moderately when AAVE breaks through the key resistance level above the channel, with a target price of $145 or even higher. At the same time, pay attention to risk control and set a stop loss to deal with sudden market changes.
TRX: It is one of the few cryptocurrencies currently close to the 2021 bull market high. Although TRX prices have experienced some consolidation during 2023, the overall upward trend remains robust. Recent market performance shows that TRX has maintained strong upward momentum even under adverse conditions (such as long blockchain downtime).
Currently, TRX prices are trading in an expanding upward channel, with a target price pointing directly to the historical high of $0.1643. If the bulls continue to strengthen, TRX is expected to break through this area and hit the $0.2 mark.
Operational advice: Bullish investors can pay attention to the breakthrough of TRX's key resistance and consider entering the market after the breakthrough is confirmed. The short-term target can be set in the range of $0.18 to $0.2. At the same time, it is necessary to pay close attention to changes in market sentiment to flexibly adjust the operation strategy.
Summary: The current market adjustment provides us with an excellent opportunity to observe and re-arrange.
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