APE was up near 30% on Wednesday, because the not too long ago listed token climbed to its highest level because it started buying and selling on March 17. AAVE additionally noticed a double-digit share enhance at the moment, while ZIL prolonged latest good points.
AAVE was up by practically 10% in at the moment’s session, as costs rallied for a 3rd consecutive session, following losses final week.
Tuesday noticed AAVE/USD hit a low of $175.69, nonetheless at the moment, costs surged to an intraday peak of $198.02.
This transfer noticed AAVE climb to its highest level in two weeks, April 6 to be exact, the place worth was buying and selling above $200.
Trying on the chart, this $200 mark has lengthy acted as a resistance level, and this ceiling held agency at the moment as bulls raced in direction of this stage.
Ought to this ceiling be damaged, there’s a sturdy risk that costs might be heading in direction of $240, which appears to be the subsequent key resistance level.
This excessive was additionally marginally beneath its long-term resistance stage at $0.1260, which was final damaged two weeks in the past.
Will we lastly see a breakout of this resistance stage this week? Tell us your ideas within the feedback.