Monero, Stellar, AAVE Value Evaluation: August twenty second – AMBCrypto Information

Major cryptocurrencies have shown mixed trading so far, with Bitcoin reversing its losses by 0.2% when prices hit $ 49,000. Altcoins like Stellar and AAVE posted slight drops of 2% and 1.8% on their respective charts, but technical data pointed to a price turnaround. Monero, on the other hand, returned 3.4% when it broke the $ 281.74 price cap.

Currency (XMR)

XMR / USD, TradingView

XMR rose 3.4% on its chart to trade at $ 294.74. It has plummeted above its resistance level of $ 281.74 in the past 24 hours and with continued upward momentum, it could test the price cap of $ 310.80. The indicators for XMR remained positive.

MACD observed growing green bars in the histogram, which indicated an upward trend. Chaikin money flow was also above the 0.20 mark, in bullish territory after a surge in capital inflows.

Purchasing power migrated to the Relative Strength Index, while it was also preparing to enter the overbought zone. The possibility of a corrective pullback cannot be ruled out, in which case XMR could head south to rest on support levels of $ 281.74 and $ 252.32.

Star (XLM)

Monero, Stellar and AAVE Price Analysis: August 22nd

XLM / USD, TradingView

XLM fell 2% in the past 24 hours despite falling above the $ 0.381 resistance level. XLM was $ 0.384. However, the technical data indicated a turnaround.

Buying Strength moved north from neutral as it was above the 50 mark in the bullish territory. MACD showed a bullish crossover and the appearance of green bars in the histogram. This implied that the coin was aiming for an uptrend. If XLM manages to reverse its recent losses, it could attempt to hit the $ 0.400 mark for the second time in a month.

In line with the other indicators, the Great oscillator also showed green signal bars. In the event that XLM is unable to reverse its prices, the support lines for the coin wait at $ 0.346 and $ 0.319, respectively.

AAVE

Monero, Stellar and AAVE Price Analysis: August 22nd

AAVE / USD, TradingView

AAVE was down 1.8% since yesterday to trade at $ 405.24. If AAVE maintains the downtrend, the next support line for the Alt will be at $ 375.40. However, technical data for AAVE assumed positive signals in anticipation of an impending uptrend.

Relative Strength Index stayed above the half-line, within the bullish zone. Parabolic SAR also showed an uptrend as the dotted lines appeared under the candlesticks.

Bollinger bands narrowed, underscoring the reduced opportunities for market volatility. If AAVE breaks up, it could attempt to test the $ 441.27 resistance level for the third time in a month.


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