Price analysis for Monero, Stellar and Aave

Monero, Stellar and Aave are among the top altcoins looking to rally higher after weekend earnings

Monero and Stellar could see their prices rise to new highs this week as Bitcoin’s potential (BTC) potential above $ 20,000 heats up crypto market sentiment. If the leading cryptocurrency cracks the $ 20k barrier, its upside in price discovery could be central to altcoins.

Aside from the big altcoins, other tokens that are likely to see a huge move this week are those in the decentralized finance (DeFi) space. AAVE could rise to $ 100 if bullish momentum sweeps the crypto market.

XMR / USD

Monero has gained over 5% in the last 24 hours to see its price stabilize above $ 250. Despite the drop to the 20-LCA this past week, bulls have maintained their advantage through aggressive buying.

XMR / USD daily chart. Source: TradingView

The RSI ticks above 68 to suggest bulls hold the upper hand. If upward pressure takes prices to $ 160, the next target will be to maintain the cut to $ 180.

However, if XMR / USD hits a decline and drops below $ 150, the next level of support is on the 20-EMA ($ 135.91).

XLM / USD

Stellar has soared over 9% in the last 24 hours as bulls target a cut to $ 0.20. After bouncing off $ 0.149 lows, a rally above the 20-day EMA saw XLM / USD touch highs of $ 0.179.

Currently, bulls face resistance above about $ 0.173. If they crack the barrier, Stellar’s price could rally to $ 0.20 short-term. Above this, demand pressure could push prices to $ 0.24.

Conversely, the RSI’s negative diversion suggests that a bearish flip to the 20-EMA ($ 0.161) could provide the path of least resistance.

If the bears succeed with plans to stand upside down and build downward momentum, XLM / USD could dip to $ 0.150 and $ 0.135.

Daily chart XLM / USD. Source: TradingView

AAVE / USD

AAVE continues to trade inside an ascending parallel channel. The upper channel boundary provides the main resistance line at approximately $ 95. If bulls break into the resistance line and maintain upward pressure, an upside to the psychological $ 100 will follow.

Above this, prices could rebound the parallel channel’s highest resistance line at $ 112.

AAVE / USD daily chart. Source: TradingView

However, as seen on the daily chart, vendors are definitely around the center line of the channel. The area has capped the recent upside of $ 70 lows.

The RSI remains above the mid point (currently printing 55) but suggests a negative continuation. If bulls do not keep AAVE / USD above the 20-EMA ($ 77), the decline could push prices to $ 65 short-term lows.

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