Solana, Tezos, AAVE Price Analysis – 9 September

As Ethereum and Bitcoin showed reversal signs, most alts registered northwards moves on the price chart. Tezos overpowered the $4.30 resistance after a 12.5% surge. AAVE upticks 3.8% to target the price level over its 1-week lows.

On the other hand, Solana’s price activities disconnected from the broader market actions. The crypto surged nearly 27% since yesterday to attain another record high.

Tezos (XTZ)

The past 24 hours had Tezos rising by 12.5% to stand at $4.66. The altcoin overcomes its resistance at $4.30 to trade above its 2-week low. Keep in mind that the $4.30 price mark had propelled XTZ over the past few weeks.

If the crypto maintains its uptrends, it might try to move above $5 as it closes the $5.75 gap. If Tezos manages to break all the price ceilings mentioned above, it will revisit $6.05, its multi-month peak. Technical indicators suggest market recovery. MACD’s red bars faded as the histogram depicts emerging green sign bars. The RSI maintained around the 40-level after Tezos recovered the oversold case. Meanwhile, Parabolic SAR is yet to confirm price recovery since the dotted lines remained over the candles. If XTZ fails to sustain its upticks, it has its support at $4.30, then $3.90.

AAVE

AAVE gained 3.8% over the past 24 hours to trade around $342.34, climbing over the resistance at $338.25. Further recoveries will have the token trading beyond its 1-week low as it tries to explore the price level at $375.4. Additional resistances stand at $414.15 and $441.27 (the coin’s multi-month peak).

MACD reached a bullish divergence as the red histogram recedes. Also, the Awesome Oscillator depicted green sign bars. Meanwhile, the RSI hovered beneath the midline, suggesting low buying pressure. If the upcoming sessions fail to see bullishness, AAVE might lose its initial price floor at $338.25 before heading to $302.90 (a 1-month low).

Solana

Solana attained a new ATH at $207.07 following 27.1% gains. Increased upticks will see the token hitting the psychological resistance at $219. According to the 4Hr price chart, SOL maintained its actions over the 20-Simple Moving Average. That shows that buyers controlled the market momentum.

Awesome Oscillator hovered at an ATH also with tall green sign bars. The RSI shows overbought cases as it was beyond the 75-level. MACD had green histograms. Meanwhile, a corrective pullback would drop SOL to the nearest support at $163.74, then $125.95. If it fails to maintain these levels, Solana might move near the 1-week low at $93.20.

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