- AAVE’s breakout above 0.002905 BTC may trigger a rally toward 0.005 BTC
- ONDO eyes breakout as price nears $1.20 resistance with rising RSI and volume
- XRP cools off after ETF spike, while NEAR shows bullish divergence setup
Altcoins have started showing renewed strength against both BTC and USD, sparking optimism for a broader market breakout. Several tokens, including AAVE, ONDO, XRP, and NEAR, are now revealing classic accumulation patterns and breakout structures on their charts.
AAVE shows classic accumulation in its BTC pair
AAVE/BTC has been confined within a long-term range between 0.001324 and 0.002905 BTC. However, AAVe’s current chart structure now shows strong signs of accumulation by investors.
The chart reveals a rounded bottom, higher lows, and increasing volume. These indicators often precede a breakout. A clear break above the 0.002905 BTC resistance could trigger a sharp move toward 0.0045–0.005 BTC.
Related: Crypto’s Odd Rally: SUI, SOL, LINK, ONDO, LTC, HBAR, AAVE, and ADA Surge Despite Bitcoin’s Dip
Besides, long-term holders continue accumulating AAVE despite price wobbles. Their conviction remains firm, with minimal reaction to short-term dips. Momentum also appears to be building. RSI is edging into bullish territory, setting the stage for a breakout.
Hence, the range-bound structure favors patient traders who are preparing in advance. In USD terms, AAVE currently trades at $333.62, with a 2.19% daily gain and a 7-day rise of 2.42%.
ONDO approaches a key breakout test at $1.20
ONDO’s recent price structure resembles a previous breakout pattern, signaling an impending move. It currently approaches resistance at $1.20, supported by a surge in volume and strong RSI. Michaël van de Poppe suggest two key entry strategies, entering during a 10% correction into the demand zone or buying a confirmed breakout with a retest flip.
Moreover, historical price action implies that a consolidation period near resistance often precedes large impulsive moves.
With ONDO now trading at $1.11 after a 4.90% daily gain, the token is poised for further upside if momentum holds. Its 7-day rise stands at an impressive 17.64%, indicating sustained investor interest.
XRP and NEAR signal top and bottom plays respectively
XRP recently broke out on ETF-related news, soaring past $3.60. However, analysts warn of a potential correction to the $2.70–$3.00 zone. The upward liquidity has been exhausted, and a reversal may follow. A retest of lower levels could offer strong accumulation opportunities before the next leg up.
Related: Price Prediction for February: What’s in Store for $LINK, $AAVE, $ONDO, $XRP, and $SUI?
Meanwhile, NEAR/BTC shows a bullish divergence, often a precursor to sharp price reversals. This pattern previously delivered a 300% return. Targets at 3750 and 6000 sats appear realistic if history repeats. NEAR trades at $3.09, up 2.77% on the day and 16.05% over the week.
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