Aave, Dash, Polkadot Price Movement Analysis for 12th April, 2021

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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.

Aave [AAVE]

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.

Dash [DASH]

Polkadot, Aave, Dash Price Analysis: 12 April

Source: DASH/USDT on TradingView

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.

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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.

 

Polkadot [DOT]

Polkadot, Aave, Dash Price Analysis: 12 April

Source: DOT/USDT on TradingView

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.

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