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The crypto market remained in a consolidation mode on Sunday as demand waned following last week’s hawkish Fed decision. Bitcoin was trading at $64,400, up by 1% in the last 24 hours, while the market capitalization in the industry rose by 0.64% to $2.2 trillion. This article looks at key coins, including Aerodrome Finance ($AERO), Jupiter ($JUP), and Aster (ASTER).
Aerodrome Finance price prediction
$AERO price continued its recent recovery, making it the best-performing coin in the top 100. It jumped to a high of $0.5520, its highest point since January 18 this year. It has soared by close to 100% from its lowest point this year.
The rally happened as its DEX volume remained steady despite the ongoing crypto market weakness. It has handled tokens worth $12 billion so far this month, meaning it will surpass last month’s $15.4 billion.
The daily chart shows that the $AERO price rebounded after forming a double-bottom-like pattern at $0.2820 and a neckline at $0.5455, its highest point on May 10.
$AERO has jumped above the 50-day moving average and is now hovering near the 23.6% Fibonacci Retracement level of $0.5800. Also, it is attempting to cross the neckline of the double-bottom pattern.
Therefore, the path of the least resistance is bullish, with the next key target to watch being at $0.7770, the 38.2% retracement level, which is 40% above the current level. A drop below the 50-day EMA of $0.4155 will invalidate the bullish outlook.
Jupiter price prediction
Jupiter token price has rebounded in the past few days, moving from a low of $0.1500 on June 10 to the current $0.2156. This rebound happened even as its transaction volume retreated, with its network fees falling to $42.8 million this quarter. It peaked at $180 million in the second quarter of last year.
The daily chart shows that the $JUP price rebounded and reached a high of $0.2156, its highest point since May 22nd. It has also jumped above the 50-day Exponential Moving Average, while the Relative Strength Index (RSI) has jumped above the neutral level of 50.
Therefore, the Jupiter price will likely continue rising as bulls target the key resistance level at $0.2740, its highest level on May 10. A move above that level will point to further gains, potentially to $0.30.
Aster price prediction
Aster token price jumped briefly last week after the developers announced a major token burn and buyback initiative. It rose to $0.80, its highest level since December 25. It was up by 35% from its lowest level this month.
This rally was short-lived as it then retreated to the current $0.65 as the rally stalled. It is now hovering slightly above the crucial support level of $0.623, the lower side of the horizontal channel.
The most likely scenario is where the Aster Coin price remains inside this range in the coming days. A move below the lower side of the channel at $0.623 will confirm the bearish breakout and point to more downside. Besides, data shows that Aster’s fees and volume continue falling.