The post Avalanche and AAVE Bulls Rack Up Millions of DTX Tokens at $0.04 Ahead of the Autumn Rally  appeared on BitcoinEthereumNews.com.

After the 60% run from August 12th, AAVE holders have booked their profit at around $135. Avalanche (AVAX) investors are also selling some of their holdings in the bounce as another coin; DTX is available at a good valuation from fundamental and technical perspectives.  DTX Exchange (DTX) is the first hybrid exchange aiming to revolutionize the exchange industry with blockchain technology and innovative thinking. AAVE Burst Out With High Volume  AAVE’s breakout from the descending trendline has been successful; after the shakeout of August 5, it has been moving with strength, forming continuous green candles. AAVE is trading near the high of March, and the follow-through from here can take the price to a new 52-week high. This strength in the price indicates a strong crypto market, and we can see a new high formation in the market, too. According to the standard pivot points, the next two major resistance levels for the AAVE price are $160 and $190. If we retrace back to the downside, $119 and $107 are the major demand zones for the price. If AAVE takes out the $154, this will be the end of nearly three years of consolidation.  Box Breakout In Avalanche (AVAX): Will It Follow Through? Avalanche (AVAX) has ended its two-week consolidation under the box pattern and broken out with above-average volume. Currently, Avalanche (AVAX) is trading at $23.31, which increased slightly from yesterday’s close. The $24-$26 range is the overhead resistance zone for the price, and it will be difficult for the price to close above it. The notable point is that the Avalanche (AVAX) is still trading below the 50-period moving average, which is an indicator of short-term momentum. It will be important to watch if Avalanche (AVAX) is starting the bull rally. After crossing the 50-period MA, it needs…

---

Filed under: News - @ August 23, 2024 4:21 pm