212 Interactions, 2 today
Aave had made some sluggish progress after the $345 safety, while Dash was in a solid uptrend and attempted to break through the $300 psychological mark. Polkadot was consolidating below the $42 mark.
Over the last few weeks, Aave had developed a range between $300 and $421. The price remained stuck at $360, the midpoint of the spread. AAVE was selling at $367 at the time of publication, with opposition at $386.
In recent days, the RSI has been climbing towards neutral 50 but has been unable to break through. Momentum does not favour buyers or sellers, though last week’s defending of the $345-$360 region was a bullish move that might see AAVE return to the $421 price range. The Stochastic RSI was in overbought territory, indicating a possible drop to $360-$355.
The price of DASH was rising within an ascending channel. Since it converted the $219 level to help, it has seen considerable buyer demand, especially in the last ten days.
The OBV has begun to rise. The Awesome Oscillator was above 0, indicating bullish momentum. Dash met opposition at $297-$300 and solid support at $278 from the confluence of both the channel’s horizontal and lower boundaries.
The ascending channel is a bearish reversal trend – an asset can retrace any or all of its losses if it trades near under the channel. However, in this situation, $250 should be enough to halt the retracement. It was a heavy opposition for the whole month of March, and it has just recently flipped to help, which should keep on a retest.
Over the last few days, Polkadot has been consolidating between $40 and $42 prices. This is almost definitely a prelude to another ascension. Also on the 4-hour map, trading activity was trending lower, and the MACD displayed near-neutral momentum.
To validate the lower volatility, the Bollinger bands stayed close around the price.