AAVE: What’s Next for Aave after THIS Breakout?

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Aave has broken out of its falling wedge pattern on the daily timeframe. With a high trading volume and price upsurge, what’s the next target?

 

In the past 4 months, AAVE’s price has been consolidating in a falling wedge pattern on the daily chart. In the last 24 hours, Aave has surged nearly 9% with a 39.56% increase in trading volume, at press time, per CoinMarketCap data. This follows a breakout above the $135 resistance zone on its descending trendline.

 

Source: X

 

As of this writing, Aave was trading at $166.13, with the short-term and mid-term moving averages flashing “buy.”  While Aave could be eyeing the psychological $200 key resistance zone, Crypto analyst Adam Horton has predicted $312 as the coin’s long-term target.

With the 24-hour Relative Strength index standing at 59 and open interest rising by 10.8%, the market shows bullish momentum and has more potential for buying. Traders are closely watching AAVE’s next move following this breakout.

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Bitcoin’s Path to $100K-Here is What You Should Know

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Bitcoin is flashing signs of momentum strength amid rising institutional and retail demand. With the psychological $100k mark on the cards, what can you expect?

 

Bitcoin’s path to $100,000 is not just a psychological relief or symbolic milestone for crypto enthusiasts, but also a minefield for BTC’s short sellers. Recent Coinglass data has revealed a key liquidation pool lying ahead as bulls rally for the $100k mark.

 

According to the data, if Bitcoin rallies to reclaim this six-figure mark,  short positions worth $1.76 billion across exchanges like OKX and Bybit will be instantly wiped. A breakout above this level could ignite further liquidations of over-leveraged bearish positions.

 

Source: Coinglass

 

The exchanges mentioned above hold significant bearish trades around this level, and a brutal short squeeze could result as bears seek cover. With high buying pressure from them, this could fuel BTC’s price even higher to a new all-time high. Traders are closely watching the $100 mark in anticipation of volatility fireworks.

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Trump to Host “TRUMP Dinner” for Top TRUMP Holders.

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The memecoin frenzy is soaring high as U.S President Donald Trump plans to host a dinner for the top 220 holders of his memecoin.

 

In an unexpected turn of events, memecoin holders in the crypto market are overwhelmed with anticipation following Trump’s announcement. According to the official TRUMP coin website, the U.S president will hold a dinner with the top 220 holders of his memecoin.

 

TRUMP coin skyrockets ahead of the most exclusive Invitation

Following this announcement, Trump’s memecoin has seen a huge price pump in a few minutes, hitting $14.06 with a 200% increase in trading volume, at press time, per CoinMarketCap data.

 

 

While traders enter positions and pump the memecoin’s price higher, the market is anticipating the President’s dinner inspired by the memecoin mania. This message comes as a surprise to crypto enthusiasts hoping to see crypto adoption and growth in mainstream finance. It is a clear sign of crypto’s growth and integration with the political world.

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Explore Blockchain Technology: The Engine Powering Crypto and DeFi

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Blockchain technology is enhancing security, transparency, and efficiency in borderless financial transactions. So, what is blockchain technology and its role in the global trade and digital economy?

 

Cryptocurrencies and decentralized finance (DeFi) rely on blockchain technology to facilitate smooth transactions. Traditionally, transactions are recorded on a paper or digital ledger for record-keeping. However, following the launch of Bitcoin transactions, blockchain technology has evolved to offer more than just a digital record of transactions.

A blockchain is a distributed ledger system that keeps exact record copies on multiple computers instead of one centralized server. The decentralization makes it nearly impossible for data alteration, as computers are spread worldwide. This ensures that a record kept on this ledger stays transparent and secure.

Cryptocurrency transactions leverage this blockchain power to facilitate peer-to-peer transactions without middlemen like banks. Similarly, decentralized finance can offer lending, borrowing, and trading services on the blockchain.

To make blockchains fast and extremely secure, other technologies such as Layer 2s are employed by Defi platforms. The impact of blockchain technology continues to grow with its evolution and integration with the finance and governance industries, among others.

 

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Bitcoin Buyers Dominate: Net Taker Volume Hits $62M on Binance

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Bitcoin is flashing a major bullish signal, indicating heightened demand, while exchange reserves are declining. Could this catalyze a new BTC all-time high?

 

Bitcoin could be poised for a major bullish rally in the next few weeks due to its market dynamics. A look into bitcoin’s demand, a current market development, has ignited the fear of missing out (FOMO). Bitcoin’s monthly net taker volume has surged to $ 62 million on the Binance exchange.

The net taker volume is key to measuring the difference between BTC’s market buy and sell orders. Positive values indicate the bulls are in charge, while negative values signal selling pressure. Using this metric and the exchange reserves metric, traders can gauge Bitcoin’s demand and supply to determine their entry positions.

 

Source: X

 

With Bitcoin’s net taker volume skyrocketing, the market signals strong bullish momentum and potential rally towards the psychological $100K mark in the mid-term. With exchange reserves hitting their historical low, the demand is rising against a low BTC supply. Bitcoin could be geared up for a new all-time high soon.

 

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