Cryptocurrency prices today: Monero (XMR), Aave (AAVE), Avalanche (AVAX), the Graph (GRT), Balancer (BAL)

Cryptocurrency prices today: Monero (XMR), Aave (AAVE), Avalanche (AVAX), the Graph (GRT),  Balancer (BAL)
Photo by Nicholas Cappello on Unsplash

YEREVAN (CoinChapter.com) – The cryptocurrency market has been turbulent in the previous week, printing red candles for the majority of the top 100 digital assets. Thus, to keep up with the changing market landscape, here is a fresh batch of cryptocurrencies with their prices and reviews: Monero (XMR), Aave (AAVE), Avalanche (AVAX), the Graph (GRT), Balancer (BAL).

Monero (XMR)

Privacy token Monero (XMR) traded at just above $240 in the New York session Tuesday, after a near 20% drop since Apr. 22. The digital asset previously broke out of a formation called the Descending Channel, which had been relevant for months.

Monero (XMR) daily price chart. Source: TradingView.com
Monero (XMR) daily price chart. Source: TradingView.com

However, XMR hinted at a possible pullback extension. In detail, Monero experienced declining trading volumes, as many other tokens included in the review. Typically, lower trading volumes equal disinterested buyers. Thus the price action could slip as well.

Additionally, the latest price correction triggered a bearish response from the trend-based oscillators, the MACD, and the relative strength index (RSI). Both point to an extended pullback in the upcoming sessions.

Also read: Cryptocurrency Prices Today: Binance (BNB), Solana (SOL), Dogecoin (DOGE), Kyber Network (KNC), Terra (LUNA), Zcash (ZEC), Algorand (ALGO).

Aave (AAVE)

Lending/borrowing protocol Aave presented a picture somewhat similar to the Monero chart. However, it also registered a Death Cross between the 20-day exponential moving average (EMA-20; red wave) and EMA-50 (orange wave).

Aave (AAVE) daily price chart. Source: TradingView.com
Aave (AAVE) daily price chart. Source: TradingView.com

The Death Cross is a bearish formation that occurs whenever a short-term moving average (MA) crosses below a long-term moving average. As a result, the setup predicts a setback continuation for as long as the short-term MA fails to get back to the dominant position.

Also read: Australian Bitcoin ETF delayed due to an unidentified broker.

Avalanche (AVAX)

Ethereum rival Avalanche’s token AVAX traded at nearly $68 on Apr. 26, after breaking below multi-month support. Moreover, the token previously formed a Symmetrical Triangle. The setup entails two converging trendlines with a similar slope that enclosed the price action and lowered the swing.

Avalanche (AVAX) daily price action. Source: TradingView.com
Avalanche (AVAX to USD) daily price action. Source: TradingView.com

The Symmetrical Triangle does not forecast a particular bias after the token leaves the formation. However, it predicts a substantial move after the setup is exhausted. As AVAX broke below the support, Avalanche could face a bearish headwind.

Also read: MicroStrategy will offer its employees an option to invest in Bitcoin (BTC) for their 401K savings plan.

The Graph (GRT)

The graph (GRT), an indexing protocol for organizing blockchain data, consolidated sideways for the previous week and arrived at $0.35 in the New York session on Tuesday. However, much like the earlier entries on the list, GRT flashed bearish warnings to traders.

The Graph (GRT) daily chart. Source: TradingView.ocm
The Graph (GRT) daily chart. Source: TradingView.com

The digital asset’s trading volumes registered a major red bar, which signified a large-scale sell-off. Moreover, the trend-based indicators MACD and RSI both pointed toward a looming downtrend.

Also read: Ripple CTO slams Elon Musk for buying Twitter as Dogecoin surged by 30%.

Balancer (BAL)

BAL chart, the native token of automated portfolio manager Balancer, looked remarkably similar to the Avalanche price action. The BAL/USDT price action stood at $14.8 on Apr. 26, after sideways consolidation.

Balancer (BAL) daily chart. Source: TradingView.com
Balancer (BAL) daily chart. Source: TradingView.com

Also read: Bitcoin (BTC) jumps 6% after Fidelity announces crypto exposure to 401k plan holders – dead cat bounce?

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cryptocurrency, Cryptocurrency prices today: Monero (XMR), Aave (AAVE), Avalanche (AVAX), the Graph (GRT),  Balancer (BAL)

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