Tron, AAVE, Axie Infinity Price Analysis: 28 April

After the recent market-wise plummet, altcoins have been struggling to keep up with the rejection of higher prices. As a result, the near-term technicals of Tron and Axie Infinity continued to skew in favor of sellers.

Timeline of Aave, Axie-infinity, Tron

The Ronin bridge is being redesigned after a major hack last month, with the opening of the new bridge delayed till late May. The delay is necessary since the bridge will be built to secure “billions of dollars in assets,” a new update from the team behind the bridge has said.

Whether we like it or not, the crypto world has changed significantly. It's not just about market caps and price changes anymore. Unfortunately, due to many scams and rug pulls, investors are hesitant about dropping money on just about any new cryptocurrencies. Instead, they want a project with a purpose, a long-term investment that'll enrich …

Twitter has taken its "most severe enforcement action" against Aave founder Stani Kulechov's account by permanently banning it. The post Aave founder Stani Kulechov's Twitter account suspended, probably for a joke appeared first on The Block.

The founder of Aave has been banned from Twitter, after putting out a recent tweet that took the platform by storm. Stani Kulechov, the head of the leading DeFi Platform that allows users to borrow cryptocurrencies, seemed to have spread FUD with his recent tweets.

A bullish breakout from the downtrend carrying trendline suggests a positive switch in traders' sentiment. Additionally, the AAVE price forming a double bottom pattern to the retest of this breached trendline gives an extra push for a bullish reversal.

AAVE's price seemed to be forming a base around a stable support level, at press time, hinting that an uptrend is likely for the altcoin. In fact, the day opened extremely bullish for the crypto as AAVE founder and CEO Stani Kulechov tweeted an interested tweet.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice In March, Axie Infinity tokens were trading at $45, which was also a long-term support level for the price on the charts. As the month of March progressed, the bulls were able to initiate a

Aave price analysis is bullish AAVE prices are facing resistance at the $175.0 level Support for Aave prices is present at the $155.88 Aave price analysis for today shows a bullish trend whereby the prices opened the daily trading session trading below the $170.70 level. The market is facing resistance at the $175.0.

Axie Infinity price approaches an oversold condition that hints at a reversal in trend favoring the bulls. This price action for AXS has also produced a bullish technical formation that adds further credence to the optimistic outlook.

Earlier this month, Ronin, the Ethereum Sidechain that hosts the popular play-to-earn blockchain game Axie Infinity was hit by hackers. The hack was deemed to be one of the biggest hacks in crypto history totaling $622 million in crypto.