AAVE and ADA On Friday, Still Near 1-Week Highs, Are the Biggest Movers

 Despite the majority of today's trading in the red on cryptocurrency exchanges, Cardano surged to a one-week high earlier in the day. Aave increased on Friday as well, with the token continuing to trade at its recent high. The market cap of all cryptocurrencies is currently lower by 0.43%.



Cardano (ADA)

One of Friday's big gainers was Cardano (ADA), which surged to a one-week high to close off the work week.

ADA/USD accelerated to a peak of $0.4816 earlier in the day after hitting a low of $0.4596 on Thursday.

Due to today's movement, the token ran into its main resistance level at the $0.4790 level.


The earlier bulls, however, seemed to retreat after this encounter, liquidating their positions at this uncertain time.

ADA is currently trading below the previously indicated price cap at $0.4765 as of this writing.

The relative strength index (RSI), which hit its own resistance level of 44, signaled the start of the momentum decline.

ADA will probably continue to trade at or below its present level as long as this obstacle persists.

Aave (AAVE)

In today's session, aave (AAVE), like ADA, temporarily increased as it continued to trade near a one-week high.

On Friday, AAVE/USD reached a high of $95.47, which is not far from its best level since August 19.

The move saw the aave hit and just barely break free of its resistance level at $95.40, but prices fell as the day went on.



The coin is currently trading at $90.65, roughly $5 below previous highs. The market has recently seen a return of the bears.

Following the RSI's peak at 48.70, prices of AAVE started to decline, eventually reaching their present level of 45.75.

The 10-day (red) moving average is also still going downward, which can be an indication that more declines are on the way.


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