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FxWirePro- Top DeFi altcoins for the Week (Strength index)(AAVEUSD)

Top Altcoins Strength Index (4- hour chart calculated using EMA and Average directional  index )

Pair Value Recommendation
AAVEUSD 427.93 Strong Buy

Trend and levels to watch Pair

Pair Short-term trend Long term trend Major Resistance Major  Support
AAVEUSD Up Up $265 $218

AAVEUSD was one of the best performers in the Defi space and has surged more than 40% the previous week. The jump was mainly due to the Aave V3 upgrade. It facilitates cross-chain transactions, unlocks high borrowing power, and supports six different blockchain networks.

The near–term resistance to be watched are $65 and $300. The minor weakness can happen only if it breaks $218.

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