Crypto prices are doing well after the Federal Reserve slashed interest rates. Lower rates normally lead to more demand for risky assets like stocks and cryptocurrencies. This article provides the forecasts for top coins like Avantis (AVNT), Lista DAO (LISTA), and Aeva (AEVA).
Avantis price technical analysis
Avantis has been one of the best-performing tokens this month as it jumped by over 500% from its lowest level. It has jumped because of the ongoing demand for its platform whose volume has jumped sharply.
Also, on-chain data points to heavy whale and smart money accumulation this year. Most importantly, some analysts have pointed to market manipulation, citing the numerous sybil accounts in the network.
The hourly chart shows that the AVNT price surged to a record high of above $2 on Sunday, much higher than this month’s low of $0.2045.
It has moved above the important resistance level at $1.5845, the highest swing on September 15. The coin also moved above the 50-period moving average, while the Relative Strength Index and other oscillators have jumped.
Therefore, the Avantis price token will likely continue soaring as bulls target the next key resistance level at $3. However, a drop to the key support level at $1.5845, the highest point on September 1, is possible as the coin forms the bullish break-and-retest pattern.
Aevo price prediction
The Aevo token price has remained in a tight range in the past few months. It has remained inside the key support and resistance levels at $0.0743 and $0.1360. This performance is mostly because it has had no major catalyst in this period, with its perpetual future volume falling.
The coin has recently moved above the 50-day moving average, while the Relative Strength Index (RSI) has pointed upwards and moved close to the overbought point at 70.
There are signs that the Aevo price is now in the accumulation phase of the Wyckoff Theory. This phase is normally followed by markup, where the demand is usually higher than the supply.
Therefore, the token will likely have a strong bullish breakout, with the next key point to watch being at $0.1585, the highest point on May 13.
Lista DAO price analysis
Lista, a top player in the BNB network, has also soared as the Binance Coin price has jumped to a record high. The LISTA token jumped from a low of $0.1116 in September last year to a high of $0.45 today.
Lista token has moved above the 50-day Exponential Moving Average (EMA), while the Relative Strength Index (RSI) continues rising. Therefore, the token will likely continue soaring, with the next point to watch being the psychological level at $0.50.
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