Aave and Sushiswap Price Analysis: De-Fi Coins On A Rise, Register Over 7% Hike

Aave had risen by 9.6% in the last 24 hours, while SushiSwap had logged a gain of 7.1% within the same time frame.
Published by
Aave and Sushiswap Price Analysis: De-Fi Coins On A Rise, Register Over 7% Hike

Over the last 24 hours, the crypto industry traded in the red, although some coins had already embarked on a northbound journey. Aave had risen by 9.6% in the last 24 hours, while SushiSwap had logged a gain of 7.1% within the same time frame.
Near-term technicals of both the coins indicated positive price action on their respective charts. Both the coins toppled over their resistance lines and saw the entry of buyers into the market. Aave was trading for $262.94 while SushiSwap was exchanging hands at $10.77.

Advertisement

Aave/USD Four Hour Chart

Aave was trading above the support line of $231.54 as it recovered slightly overnight. On the four-hour chart, the coin was placed above the 20-SMA mark, which meant that the buyers were more in number than the sellers in the market.

The coin could target its overhead ceiling at the $286.81 level with a consistent buying strength. Its support level stood at $231.54, falling beneath which the coin could trade close to $203.29. Aave’s price trajectory was bullish ever since December 20; however, the coin also witnessed patches of downward price action, but Aave was quick to recover from that.

The Relative Strength Index noted an uptick which signified increased buying strength as the indicator preferred the bulls. On Balance Volume also chose to side with the bulls as the indicator had shot up, signifying that buyers exceeded sellers in the market.

Advertisement

Sushi/USD Four Hour Chart

SushiSwap had shown impressive growth over the past week and a half. It had recently broken above the $9.91 mark and was seen trading in double digits at the time of writing. The immediate price level in the event of a pullback stood at $7.89.

The overhead price level stood at $10.88, while the other resistance level was at $11.59. Over the last week, Sushi gave 60.8% returns on its ROI, which is quite massive among the returns incurred by the top De-Fi coins.

The Relative Strength Index was hovering near the 75-mark, suggesting excess buying pressure as the asset was overbought at the time of writing. On Balance, Volume was on a steady incline, telling that selling volume was low as buying volume and pressure consistently was picking up. MACD was bullish too, with green histograms after the indicator underwent a bullish crossover.

Advertisement

Share
victoria

Victoria is a Nigerian journalist and entrepreneur with a background in Communications. She's interested in writing about Cryptocurrency, Blockchain and Humans. She owns a tad bit of BTC and ETH and her favorite thing to do is sit by the ocean listening to Beyoncé.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Polymarket Founder Shayne Coplan Teases Potential POLY Token After $2B ICE Deal

Polymarket founder Shayne Coplan has sparked speculation about a potential native token launch following a…

October 9, 2025
  • Bitcoin News

FOMC Minutes Signal Fed Open to More Rate Cuts This Year, Bitcoin Bounces

The FOMC minutes have signaled a dovish shift from the Fed officials, who look likely…

October 9, 2025
  • 24/7 Cryptocurrency News

North Dakota To Issue ‘Roughrider’ Stablecoin Following Wyoming’s Footsteps

North Dakota is set to become the second U.S. state to issue a stablecoin, named…

October 8, 2025
  • 24/7 Cryptocurrency News

Ethena Labs and Jupiter Partner to Launch JupUSD Stablecoin on Solana

Ethena Labs reported that it has partnered with Jupiter Exchange to develop JupUSD. This is…

October 8, 2025
  • 24/7 Cryptocurrency News

BlackRock’s Bitcoin ETF Leads ETFs With $3.5B Weekly Inflows as It Eyes $100B in AUM

BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), has become the most bought exchange-traded fund…

October 8, 2025
  • 24/7 Cryptocurrency News

MetaMask Launches Hyperliquid Perpetuals In-App, Plans To Integrate Polymarket

MetaMask has officially introduced perpetuals trading on its platform, powered by Hyperliquid. Meanwhile, the crypto…

October 8, 2025