Chainlink, Aave, Cosmos Price Analysis: 22 February

: Category: Digital Currency News Archives; Created: 22 February 2021; Hits: 317

HTTP/2 200 date: Mon, 22 Feb 2021 20:06:24 GMT content-type: text/html; charset=UTF-8 set-cookie: __cfduid=d5188005b331a37077110bdaaf871e43b1614024383; expires=Wed, 24-Mar-21 20:06:23 GMT; path=/; domain=.ambcrypto.com; HttpOnly; SameSite=Lax; Secure vary: Accept-Encoding x-powered-by: PHP/7.3.7 cf-edge-cache: cache,platform=wordpress x-pingback: https://ambcrypto.com/xmlrpc.php link: ; rel="https://api.w.org/" link: ; rel="alternate"; type="application/json" link: ; rel=shortlink x-frame-options: SAMEORIGIN cf-cache-status: DYNAMIC cf-request-id: 086cf2b2c50000cf382b0e1000000001 expect-ct: max-age=604800, report-uri="https://report-uri.cloudflare.com/cdn-cgi/beacon/expect-ct" report-to: {"max_age":604800,"group":"cf-nel","endpoints":[{"url":"https:\/\/a.nel.cloudflare.com\/report?s=%2BSHndYAOt%2BYIHYGNMTPOkwA%2FNmFVu6LUdQh3LeX9aHYQs6D0ExQRe7oBbFdu4Op3LIfY8714DEr2ao27ja9qyD0YtNyf7OwahIZSfO2g"}]} nel: {"max_age":604800,"report_to":"cf-nel"} server: cloudflare cf-ray: 625b53cad997cf38-IAD Chainlink, Aave, Cosmos Price Analysis: 22 February - AMBCrypto

Connect with us

Source: Pixabay

LINK drifted close to the $30 support as sellers ramped up pressure over the last few sessions. Aave was projected to maintain its rangebound movement, barring a sharp pickup in its 24-hour trading volume. Lastly, Cosmos cooled off from its recent ATH and the bears could likely take control in the short term.

Chainlink [LINK]

Source: LINK/USD ^[1], TradingView

Losses in the last 24 hours amounted to nearly 10% as Chainlink moved closer to $30 support at the time of writing. Trading volume fell below the $2 billion mark while buying activity also took a dip. The RSI was yet to touch the oversold zone and an extended bearish outcome could see LINK trade close to $28.5 support.

The Awesome Oscillator’s red bars moved closer to the half-line as momentum rested with the sellers. A fall below equilibrium could present short signals for traders looking to make the most out of the bearish situation. If buying picks up at the current level, LINK could rise above its immediate upper ceiling and target record levels once again.

Aave [AAVE]

Source: AAVE/USD ^[2], TradingView

Aave’s ^[3] uptrend has been solid as the cryptocurrency posted gains of over 100% in the last 30 days. During the month, AAVE also climbed to multiple record levels on the back of an apparent ‘DeFi season’^[4].

However, the crypto asset entered a consolidation phase

Chainlink, Aave, Cosmos Price Analysis: 22 February

News Archives