AAVE ushers in bearish correction after mid-May rally but is it ready for an upside - BitcoinEthereumNews.com
TeknolohiyaNagsisimula ang AAVE sa bearish correction pagkatapos ng rally sa kalagitnaan ng Mayo ngunit handa na ba ito para sa pagtaas06 / 05 / 2022Balita ng Ethereum ng Bitcoin AAVE turned out to be one of the best performing cryptocurrencies in the second half of May. It rallied by more than 80% after the May crash but it kicked off June with a slight correction. AAVE traded at $103.50 at press time, which means it was down by roughly 17% from its 31 May high of $124. While this means that it is off to a bearish start this month, investors might be wondering whether it will soon regain its upward trajectory. Is AAVE ghosting the bulls? A look at AAVE‘s price action may provide some clarity into its price direction. Its bearish price correction seems to be losing momentum near the RSI’s neutral level. The low selling pressure suggests that the bears might give way to the bulls once again, just as they did towards the end of May. Pinagmulan: TradingView AAVEs MFI is currently at 50, despite the notable downside. Meanwhile, the DMI indicator suggests that bears and bulls are currently fighting for dominance. Perhaps on-chain metrics may provide more clarity into where AAVE