Aave, These 2 Coins Could Launch While BCH Drops Expected!

Aave price in the cryptocurrency market has performed impressively in the cryptocurrency market. Accordingly, it has compensated a significant part of its recent losses. However, the current situation indicates that this rally may be at risk as investors pause and start to cash in on their profits. On the other hand, there are different situations for BCH and 4 coins. Details are in our article.
Aave price rally likely to take a break
In the past week, Aave price has increased by more than 32%. Accordingly, he contributed to the general rally that started on 16 June. In a two-week period, the altcoin experienced a remarkable 56% growth. It increased the transaction price from $50 to $78. These gains create significant profits for investors. On the other hand, it caused AAVE to reach a five-month high.
But the current scenario points to a potential drop in Aave price as investors, especially whales, begin to take a break and enjoy their profits. In just seven days, whale transactions fell 40%, reflecting the change in sentiment. Previously, these addresses were included in transactions exceeding $116 million. But the total value is now down to about $72 million. It is possible that the whales will take a cautious approach and wait for market corrections or more gains before continuing their activities.
Selling pressure for Bitcoin Cash, not Aave
Bitcoin Cash (BCH) has experienced a significant increase in buying pressure. It led to a tripling of earnings in a short period of time. However, this rapid rise also risks a significant correction that could reverse many of the recent gains. Between June 19-30, the price of Bitcoin Cash experienced a sharp increase. It hit a local top of $329 before dropping to around $283. This upward move resulted in the liquidation of $25 million worth of shorts, the highest in more than two years.
On the daily chart, the Wave Trend indicator is on the verge of producing a bearish cross in the overbought zone. Accordingly, it contributes to the decline thesis. The Relative Strength Index (RSI) also shows a lower low as well as a higher high in Bitcoin Cash price. It also indicates a bearish trend. Accordingly, it indicates a potential decrease in the value of the asset.
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