Most altcoins increased with the king’s coin. At the time of going to press, ADA, AAVE and BAT were in green territory. They were anticipating a short term bullish move.
After hitting a local high at $ 0.358, a correction pulled the ADA towards support at $ 0.28. Then the prices resume on the charts. The sixth largest cryptocurrency in the world by market capitalization has grown almost 70% in the past seven days. He finds himself among the best weekly winners. Currently, prices were looking to reverse resistance at $ 0.341. The bullish momentum was once again pushing the price towards its local high.
The relative strength index registers a rise and evolves towards the overbought zone, affirming the bullish character of prices.
On another side, Chaikin Money Flow showed that capital was escaping from the crypto asset. Indeed, the index was pointing lower, towards the point of equilibrium. This suggested that a wider market rally may be needed to push prices up beyond their current resistance level.
Since last week, the AAVE has steadily increased