The post AAVE Approaches Cycle High Despite Market Weakness While Hedera Preparing For a 25% Upswing-Here’s What’s Next appeared first on Coinpedia Fintech News
The markets are slowly becoming more lenient towards altcoins as the liquidity flow from Bitcoin to the other cryptos appears to have begun. More than the recent ones, the older tokens are gaining more attention. Tokens like Aave & Hedera have been attracting massive volume, indicating a fine rise of over 25% could be fast approaching.
Aave Testing the Neckline of a Bullish Pattern
The AAVE price had broken out of a bullish pattern in the long term and after a minor retracement, the ascending trend has been revamped. The bulls are accumulating strength along a major resistance and a breakout from the current range may pave the way to mark a new ATH in the first few days of 2025.
The short-term price action of AAVE suggests huge potential in surpassing the crucial resistance at $400. The token has broken the Adam & Eve pattern and triggered a rise of over 10% followed by a horizontal consolidation. The stochastic RSI has reached the oversold zone and is preparing for a rebound while the MACD is about to undergo a bearish crossover. Therefore, the price could be slightly correct below $370, which may attract a strong rebound that may elevate the levels beyond $400 and reach $420 very soon.
Hedera (HBAR) Price Aims to Reach $0.35
The HBAR price is slowly rising towards the cycle highs in the times when the markets continue to remain sluggish. Meanwhile, the bears managed to restrict the rally below $0.3 for a while, but the current breakout suggests a major upswing is imminent, indicating a new ATH could be on the way.
The HBAR price broke the falling wedge pattern in the short term and is printing constant bullish candles. The RSI is incremental, while the Ichimoku cloud has just turned bullish. Therefore, the price is believed to maintain a healthy upswing to reclaim the lost levels at $0.38, which may further push the price above $0.4 before the end of the year. With this, the Hedera price could