- AAVE, LINK, Chiliz (CHZ) and other cryptocurrencies are showing signs of recovery amid financial uncertainty.
Doubled In A Month
Recent news reported that computing power of the Kaspa (Kas) or hashrate is over the last 30 days indicates that on August 18 the network had almost 12 PH/s of computing power. Meanwhile, by September 18, the figure reached 22.71 PH/s.
As many of us know, measuring the hashrate of a decentralized network is important in quantifiable terms, because it breaks down the positive or negative behavior that the network can have. It also helps measure the viability of the project in long-term terms.
At the time of writing this article Kaspa (Kas) maintained a valuation of more than 20% and after our last update. It is believed that in the next few days it may touch the resistance of $0.05210, but if it can break this resistance it could trigger a correction and touch the support point of $0.04474.
Without Many Vital Signs
Bitcoin (BTC) traders woke up very optimistic this week. However, this digital asset continues with greater dominance towards sales and bearish sentiment.
By the time this article was written, Bitcoin created a "short squeeze" at the daily close, which made in addition to multiple short positions liquid, and consequently the long positions that were immediately opened at the time of capital injection.
What is clear is that we will be able to see an accumulation of average prices between $25001.32 and $27626.42. Actually, many traders are waiting for the weekly correction to end so they can consider an infallible entry.
Solana (Sol) is one of the tokens that many have in their sights after the approval of the liquidation of the FTX platform's tokens. However, if we evaluate its behavior technically, we can notice that it is attempting a reversal towards the breakout of Kijun-Sen at the exact point of $19.69.
By the time this article was written, the asset had appreciated more than 5%, touching the price limit line of $20.99, where it found a downward equilibrium point and with a tendency to return to the support of $19.36.
Rocket To The Moon
Another project that has recovered positively is AAVE (AAVE), the native token of the eponymous decentralized lending platform. As reported in a news story, in the last seven days, it went from trading at $52.59 to $62.33, which means an appreciation of 18%.
For our personal opinion, the token has the possibility of maintaining an average volume between the weighted prices of $59.11 and 60.89, with a certain predisposition to overcome the maximum barrier of $62.53. Also for the hourly chart, AAVE is just showing the first signs of entering the overbought state.
Chainlink (Link) has remained on the rise in the last seven days, with a growth of approximately 14%. In the last 24 hours, its price took off 8%, as recorded in a recent report, making the highest price reached by the asset in the current day $6.98. The reality for this digital asset, until the daily closing date, is that it attempted to break the EMA200, well above the $6.64 point.
But until the moment of writing this article, it maintained a weighted average of $6.321, with the possibility of touching the support of $6.525 and heading towards Tekan-Sen with an exact point at $6.44 and according to what is reported for the negotiations.
See you next time...
Last article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Remember that all information presented here is a combination of third party data added to our personal opinion.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Rubikkav.
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