The bull run in the crypto market weakened after the number of new coronavirus cases across the globe started increasing. Many countries have started implementing partial or total lockdowns once again. Many countries are reporting a new strain of the COVID-19 virus, which has inculcated fear across all global markets and resulted in a dip in altcoin price.
Moreover, the SEC is planning to file a lawsuit against Ripple, its CEO Brad Garlinghouse, and co-founder Chris Larsen over the alleged sale of unlicensed securities. Such news is bound to flip the market bearish. Today we will do an altcoin price prediction of AAVE, MATIC, and DIA.
AAVE/USD – Price Prediction
AAVE is trading above the support of $82.11. If it manages to stay above this support, we can start seeing a move towards $90.66, $97.30, and $108.7. Failure to hold the support of $82.11 could lead to a drop in AAVE price down towards $76.49 and $66.53.
MATIC/USD – Price Prediction
MATIC is approaching a support zone of $0.0176, and a bounce is expected from that zone. Targets if the support holds could be $0.0198, $0.0217, $0.0235, and $0.0259. Failure to hold the support at $0.0176 could lead to a drop in MATIC price towards $0.0159.
DIA/USD – Price Prediction
DIA is approaching a resistance zone of $1.394. If it manages to break this resistance, we can start seeing a move towards $1.483 and $1.591. Failure to break the resistance could lead to a drop down towards $1.301, $1.216, and $1.104.
Images courtesy of TradingView.
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