Altcoins Flashing Bullish Signals: AAVE & MKR Prices Poised to Break The Barrier With a 35% Jump

The post Altcoins Flashing Bullish Signals: AAVE & MKR Prices Poised to Break The Barrier With a 35% Jump appeared first on Coinpedia Fintech News

Maker (MKR) Price Poised to Hit $3000 

Maker price has been training within a strong ascending trend ever since the trend broke out of the consolidation during H2 2023. While volatility surged heavily, causing a 150% rise since the start of the year to mark interim highs close to $4000. Although the MKR price faced a huge rejection, the bulls appear to have been gearing up to revive a strong ascending trend and reclaim the lost levels. 

The MKR price rebounded from the lower support of an expanding megaphone, which is a bullish pattern for the token. The Gaussian channel has just turned bullish, which suggests a change in the trend and the MACD is about to undergo a bullish crossover while being within a bullish range. Therefore, the Maker price has entered a bullish range, which suggests the token may reclaim $3000 anytime from now. With a drop in selling volume, the probability of a bearish hindrance is less and hence the token is expected to maintain a healthy ascending trend & reach $4000. 

Aave (AAVE) Price Gearing Up for a 30% Upswing 

Regardless of the recent market dynamics, the AAVE price has been trading under a strong bullish influence for quite a while. After remaining consolidated within a decisive symmetrical triangle, the AAVE price triggers a breakout and hence a retracement could further begin a fresh ascending trend and rise towards the previous highs close to $150 in the next few weeks. 

As mentioned above, the AAVE price has broken above the triangle and seems to be prone to a minor pullback. However, the technicals remain in favour of the bulls, which flashes bullish signals for the coming days. The Bollinger bands are contracting, suggesting a drop in volatility, but the 200-day MA at $99.08 is offering a strong base for the altcoin. Therefore, the AAVE price is believed to test the resistance of the triangle, followed by a bullish rebound to reclaim the levels above $150.