The cryptocurrency market started the week well, with Bitcoin surging to the significant resistance level at $108,000, and the valuation of all tokens increasing by 1.38% to $3.34 trillion. This article explores the top crypto predictions for coins like Pyth Network (PYTH), Aerodrome Finance (AERO), and Aave (AAVE).
Pyth Network price technical analysis
Pyth Network is one of the biggest players in the crypto industry, where it offers oracle solutions. An oracle is a solution that facilitates the connection of off-chain data like price feeds to the on-chain.
Pyth is the third-biggest player in the oracle industry after Chainlink and Chronicle. It has over $6.04 billion in total value secured (TVS), a figure that continues to grow.
Pyth Network provides oracle solutions to popular players in decentralized finance like Ethereal, Kamino Lend, Drift Trade, Suilend, and NAVI Lending.
The 12-hour chart shows that the PYTH price bottomed at $0.080 in June and rose to $0.10, and is down by 60% from its highest point this year. This crash is partly due to the recent crypto market crash and its regular token unlocks.
Pyth Network price has moved above the important resistance level at $0.10, its lowest swing in April. It has also move slightly above the 50-period moving average, a sign that bulls are in control.
Pyth token is on the upper side of the descending channel shown in orange. Therefore, the price will likely continue rising as bulls target the next key resistance level at $0.1300, its highest point on June 11.
Read more: Sonic price at risk amid token unlocks and stablecoin, DeFi crash
Aerodrome Finance price technical analysis
AERO price has been in a strong bullish trend in the past few weeks, moving from a low of $0.2963 in April to the current $0.8296. The 12-hour chart shows that the token has moved above the 23.6% Fibonacci Retracement level at $0.7780.
AERO price has moved above the ascending trendline that connects the lowest swings since April. This trendline was the lower side of the ascending triangle pattern, a popular bullish sign.
Aerodrome Finance price has moved above the 50-period exponential moving average, while the Relative Strength Index (RSI) and the MACD indicators have moved upwards.
Therefore, the most likely scenario is where the AERO price continues rising as bulls target the 50% retracement level at $1.3170, which is about 60% above the current level.
Aave price technical analysis
The daily chart shows that the AAVE price has rebounded in the past few months, moving from a low of $115.25 in April to a high of $322.3. It then pulled back, reaching a low of $213 this month.
AAVE price then bounced back and moved to the resistance point at $274. It moved above the 50-day and 100-day moving averages and is nearing the 38.2% Fibonacci Retracement level.
AAVE has formed a cup-and-handle pattern, a popular bullish continuation sign. Therefore, the token will likely continue rising as bulls target the next key resistance point at $322. A move above that level will point to more gains in the coming weeks, with the eventual target being at $400.
Read more: Arbitrum price double-bottom signals a rebound in July
The post Top crypto price predictions: PYTH, AERO, and Aave appeared first on Invezz
