Latest news with #AAVE
Business Mayor
2 days ago
- Business
- Business Mayor
Altcoins surge! XMR, AAVE, and WLD outperform as Bitcoin holds support
Bitcoin, at press time, was consolidating above $109,000, showing resilience within the upper Bollinger Band range. The RSI was at at 67.71 – hovering near overbought territory – A sign of strong bullish momentum without immediate signs of exhaustion. Meanwhile, the OBV remained flat – A sign of a pause in buying pressure, despite recent gains. Source: TradingView This steady range-trading in Bitcoin has opened the door for capital rotation into altcoins like XMR, AAVE, and WLD. With BTC holding support and volatility compressing across the board, traders might be increasingly willing to chase higher returns in riskier assets. Especially since Bitcoin serves as a stable anchor for the market. WLD breaks out, but… Worldcoin has climbed by over 35% in the past two weeks, consolidating above $1.43 with its bullish momentum still intact. The RSI was at 63.94 at press time, reflecting steady upward pressure without overbought signals. However, the CMF remained slightly negative, indicating a potential drop in sustained buying power. Source: TradingView This, after the broader privacy coin sector advanced by over 3%, pushing its combined valuation past $10 billion. While the sector-wide rally did offer some respite, WLD's muted on-chain flows do raise some questions about whether it can maintain its gains without stronger capital inflows. XMR hits overdrive, but is a cool-off coming? Monero surged to $411, mirroring the broader privacy coin rally that pushed the sector past a $10 billion valuation. However, its daily RSI soared to 81.86 – firmly in overbought territory – raising caution about a potential short-term correction. The MACD was bullish, with wide separation between signal lines, reinforcing the strength of the uptrend. Source: TradingView Still, the slight dip in daily volume hinted at waning momentum. While XMR has clearly benefited from the privacy coin narrative, traders may want to brace for consolidation or a retest unless fresh catalysts emerge to support sustained vertical price action. Read More Lido breaks out: Is $4 the next target for LDO? AAVE joins the rally, but signs hinted at exhaustion AAVE climbed to $267, extending gains from its mid-May breakout and riding the sector-wide upswing in privacy and DeFi-linked tokens. However, with the RSI at 71.57, the asset entered overbought territory – Often a precursor to short-term pullbacks. Source: TradingView Despite solid momentum and higher lows supporting the uptrend, the recent string of small-bodied candles alluded to indecision creeping in. With volume slightly falling too, bulls may need a fresh catalyst to sustain the climb. A brief consolidation phase could be healthy, especially after the nearly 80% rally seen over the past month.
Business Mayor
5 days ago
- Business
- Business Mayor
AAVE whale's $15 mln buy points to recovery – Can it hold $270?
A whale re-entered the market, buying $15M in AAVE after selling 184.4 WBTC via Wintermute OTC. Exchange data revealed three consecutive days of negative Netflow, indicating strong buying pressure across the board. After rallying to a local high of $270, Aave [AAVE] faced strong rejection and retraced. The altcoin dropped to a low of $239. For some investors, however, the pullback opened a window of opportunity—bringing both retail and whales back into the fold. For starters, according to on-chain analyst Ember, a whale that offloaded 184.4 WBTC worth $20.4 million through Wintermute OTC the previous day has returned to the market. In the past 24 hours, the whale accumulated $15 million worth of AAVE via Wintermute, acquiring 57,715 tokens at an average price of $259.9. The whale has been holding AAVE for the past two years, with a total spend of $30.8 million to acquire these tokens. Currently, this whale sits in a floating profit of $26.32 million. Source: IntoTheBlock Besides this whale activity, AAVE whales are highly active in the market with a higher Large Holders Capital Inflows. A higher inflow from whales indicates increased accumulation. After dropping to 89k, whale capital inflow rose to 224.87k in the past day, suggesting that whales are increasingly buying the altcoin. Source: IntoTheBlock Furthermore, large holders' Netflow remained positive. Over the past day, Netflow from whales has surged from 1.4k to 26.86k. A positive netflow suggests that whales are buying more than they are selling, having offloaded 198k AAVE tokens over this period. Source: CryptoQuant Additionally, this buying spree is not only isolated among whales but across all market participants. Read More OKX Approved: A Win For Singapore's Crypto Ambitions? On the exchange level, AAVE has registered three straight days of negative Netflow, implying more withdrawals than deposits. When this trend persists for a sustained period, it reflects strong bullish sentiments among investors. Price reaction and outlook As expected, increased accumulation has positively impacted the altcoin's price movement. In fact, the token climbed to a daily high of $262 before settling around $260, marking a 1.73% 24-hour gain. With the altcoin showing signs of recovery from its recent decline, it suggested that increased accumulation can push prices higher. Therefore, if the market sentiment is witnessed over the past day, we could see the altcoin make more gains. With buyers holding the ground, AAVE will reclaim $270 where it has faced rejection and attempt $284 resistance. Subsequently, if buyers retake the market, the altcoin could drop to $231 support.
Yahoo
21-05-2025
- Business
- Yahoo
CoinDesk 20 Performance Update: Uniswap (UNI) Gains 7.2% as Index Climbs Higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3206.01, up 1.3% (+41.12) since 4 p.m. ET on Tuesday. Nineteen of 20 assets are trading higher. Leaders: UNI (+7.2%) and AVAX (+3.5%).Laggards: AAVE (-1.6%) and BTC (+0.2%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Yahoo
20-05-2025
- Business
- Yahoo
CoinDesk 20 Performance Update: Litecoin (LTC) Drops 6.1%, Leading Index Lower
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3147.53, down 0.7% (-22.88) since 4 p.m. ET on Monday. Four of 20 assets are trading higher. Leaders: AAVE (+9.8%) and HBAR (+0.7%).Laggards: LTC (-6.1%) and FIL (-2.9%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
AAVE Surges 24% in Explosive Rally, Breaking Key Resistance Levels
AAVE's explosive rally broke through multiple resistance levels with increasing trading volume, particularly during the late-night hours when it surpassed the $250 psychological barrier. The cryptocurrency has established support around $240 while consolidating above $263, suggesting potential for further upward movement as institutional interest grows amid broader market developments. This performance comes as Bitcoin approaches new all-time highs and public companies continue increasing their cryptocurrency holdings, with firms like Strategy Corp planning to raise $84 billion for Bitcoin purchases. Technical Analysis Highlights Clear uptrend formation with higher lows and higher highs, breaking through multiple resistance levels with increasing volume, according to CoinDesk Research's technical analysis data model. Explosive price action between 23:00-02:00, with volume peaking at 232,392 units as AAVE broke through the $250 psychological barrier. Support established around $240, with $267.656 serving as immediate resistance. Consolidation behavior between $262.120 and $267.540 in the last hour, with notable volatility around 02:47. Volume peaked during the 02:42 and 02:50 candles, suggesting institutional interest at these levels. Higher low pattern formation since 03:19, with recent move from $263.566 to $264.776 at 03:27 indicating renewed buying pressure. Price establishing a base above $263 before potentially challenging the $267.656 resistance level again. External References "Bitcoin impulse move toward new highs sets a fire under HYPE, ETH, XMR and AAVE", Cointelegraph, published May 19, 2025. "Is Panama City Next? Mayor Teases Bitcoin Reserve After Diplomatic Exchange", Bitcoinist, published May 20, in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
