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XMR Moves to 10-Day High, AAVE Remains Near 5-Week Peak – Market Updates Bitcoin News

Monero raced to its highest level in ten days, because the token moved previous a key resistance degree on Wednesday. Today’s transfer sees the token rise increased for a fourth consecutive day, following a rebound from its long-term ground. Aave was additionally within the inexperienced, because it remained shut to a five-week peak.

Monero (XMR)

Despite cryptocurrency markets largely buying and selling decrease on Wednesday, monero (XMR) was one of many exceptions, because it prolonged latest good points.

XMR/USD surged to an intraday peak of $148.46 earlier in at the moment’s session, which comes lower than 24 hours after it was buying and selling at a low of $145.41.

Today’s transfer sees monero within the inexperienced for the fourth straight session, leading to costs hitting their highest level since October 9.

Biggest Movers: XMR Moves to 10-Day High, AAVE Remains Near 5-Week Peak
XMR/USD – Daily Chart

Looking on the chart, hump day’s peak got here following a breakout of a key resistance level of $147.00.

Another key statement may be seen from the 14-day relative power index (RSI), which additionally moved previous a ceiling of its personal, at 52.75.

As of writing, the index is monitoring at 53.88, which is its highest level since September 12.

Aave (AAVE)

Aave (AAVE) continued to commerce close to a multi-week excessive in at the moment’s session, because the token remained close to its latest ceiling.

Following a transfer to a five-week excessive of $83.33 on Tuesday, AAVE/USD hit a peak of $83.19 earlier at the moment.

Yesterday’s excessive noticed the token marginally get away of a resistance degree of $83.30, with bulls trying to keep shut to this level at the moment.

Biggest Movers: XMR Moves to 10-Day High, AAVE Remains Near 5-Week Peak
AAVE/USD – Daily Chart

Bullish sentiment stays excessive, because the 10-day (purple), and 25-day (blue) shifting averages look set for an upwards crossover.

Should this occur, the present ceiling of $83.30 will seemingly be damaged, with bulls doubtlessly focusing on the $90.00 degree.

The RSI is at the moment monitoring at 60.33, which is its strongest level since mid-August, and this might give an entrance for bears hoping to push the overbought market decrease.

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Could aave attain $90.00 earlier than the month ends? Let us know your ideas within the feedback.

Eliman Dambell

Eliman brings an eclectic perspective to market evaluation, he was beforehand a brokerage director and retail buying and selling educator. Currently, he acts as a commentator throughout varied asset lessons, together with Crypto, Stocks and FX.

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