AAVE, WBT, And FTN Lead The Crypto Charge Amidst Red Sea

The broader crypto market has experienced a significant downturn in the past week. The value of most cryptocurrencies has plunged. Bitcoin (BTC) has borne the brunt of the decline observed in the market. Thus, it is dragging the broader market with it.

Market leader’s price movements tend to have a ripple effect or a correlating effect on altcoins. As a result, the overall crypto ecosystem suffered substantial losses in their holdings.

Amid The Red Sea, Some Are In Green, Why?

However, amidst this sea of red in the broader market, a few cryptocurrencies among the top 100 have defied the trend. Somehow, they have sustained themselves with a few losses. 

It must have shown some resilient price action in this challenging phase to stay green amid the red market. 

Let’s look at factors that have shielded these cryptos, which are in green. It would give a broader outlook on these cryptos. Find out whether they would be sunk in the flow of the broader market or Not.

Will the AAVE Price Show the Next Big Move Soon?

In the top gainer list, AAVE has been positioned at the top with the past 7 days’ gains of more than 13% with a major spike from the $80 support. This support has been tested many times and has proved its resilience.

Overall, its price has shown a tough range-bound movement in the $80 to $120 range. On July 5th, the price rose with a liquidity grab and displayed more than 60% gains in the past 30 days. 

The AAVE price showed a run from the range’s lower border to its higher border.

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The price has been showing a struggle at the upper border. Once cleared, the spike could lead to capturing $134 and $145 price targets.

Dipping below $105 would mean deterioration toward the lower border of the range. $96 could be a support to watch out for.

Indicators, at the time of writing, fully support the bullishness ahead. The price has pierced both the 50-day and 200-day EMA bands. 

Meanwhile, the MACD has formed a bullish cross above the zero line with a histogram at 1.54. The RSI was above the median line at 64.30.

WhiteBit Coin and Fasttoken are Among The Green!

This week’s surge of 2.8% and 0.5% in WhiteBIT Coin (WBT) and Fasttoken (FTN) showed some resilience.

Both of them have been sitting at the top of the charts, where the WBT last traded at $10.32 and FTN at $2.34.

The WBT chart showed that the price has been overbought, per the RSI indicator. The WBT price could show consolidation to a pullback to gain strength in price again. However, overall, WBT looks primed for a larger trend.

Similarly, the RSI indicator in the FTN coin showed room for more growth and signified the greater possibility of FTN to ripe more gains ahead.

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