Uniswap, Tezos, Aave price analysis roundup

By: Stanko Iliev
Stanko Iliev
Stanko dedicates himself to providing investors with relevant information they can use to make investment decisions. He loves the… read more.
on Mar 20, 2021
  • The cryptocurrency market is advancing this Saturday
  • This situation also supports the price of Uniswap, Tezos, and Aave
  • The cryptocurrency market continues to attract institutional investors

The cryptocurrency market is advancing this Saturday, and this situation also supports the price of Uniswap, Tezos, and Aave. Bitcoin is trading very close to $60000 resistance, and for now, everything indicates that the price could advance above this level very soon.

The cryptocurrency market continues to attract institutional investors, and according to the latest news, the world’s first Bitcoin ETF crossed the CAD 1 billion mark ($800 million) just one month since it launched. The Purpose Investments Bitcoin ETF was the first ETF in North America that enabled institutional investors to get into the Bitcoin market in a regulated way.

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“When we launched Purpose Bitcoin ETF, we knew we were filling a void in the market. Hitting this milestone so quickly proves that investors are seeking convenient, safe access to cryptocurrencies and shows their confidence in our ETF as the premier vehicle for that exposure,” said Som Seif, the CEO at Purpose.

Uniswap (UNI) has reached its record highs this Saturday

Uniswap is a decentralized protocol for automated liquidity provision on Ethereum that allows users to swap between ERC tokens without the need for an order book. Uniswap is one of the pioneers in decentralized exchanges that do not require intermediaries or custodians to facilitate trading.

Data source: tradingview.com

Uniswap (UNI) has reached its record highs this Saturday, and for now, there is no sign of the trend reversal. Uniswap could advance even more in the ongoing bull market, and if the price jumps once again above $35, the next price target could be around $40.

Tezos (XTZ) has found strong support above $4

Tezos (XTZ) has advanced from $1.9 above $5.6 since the beginning of January 2021, and the current price stands around $4.3.

Data source: tradingview.com

The critical support levels are $4 and $3.5; $4.5 and $5 represent the current resistance levels. If the price jumps again above $5, it would be a signal to trade Tezos (XTZ), and the next price target could be around $5.5.

On the other side, if the price falls below $4, it would be a strong “sell” signal, and we have the open way to $3.5 support.

Aave (AAVE) remains in a buy zone

Aave (AAVE) price has extended its correction from the recent highs registered in the second week of February, but there is no risk of the bear market for now.

Data source: tradingview.com

The important support levels are $350 and $300; $450 and $500 represent the strong resistance levels. If the price jumps above $450, it would be a signal to buy Aave (AAVE), but if the price falls below $300, it would be a firm “sell” signal and a trend reversal sign.

Summary

The cryptocurrency market is advancing this Saturday, and this situation also supports the price of Uniswap, Tezos, and Aave. The cryptocurrency market continues to attract institutional investors, and for now, the positive trend remains intact.

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