Why CSPR, TWT, TON Maker and AAVE Are Outperforming

BeInCrypto Take a look at five projects that beat the crypto market last week, specifically, from October 14th to October 21st.

These digital assets have taken the crypto news and crypto market spotlight:

  1. Casper (CSPR) price up 25.00%
  2. Trust Wallet Token (TWT) Price Up 12.92%
  3. Maker (MKR) price up 12.23%
  4. Toncoin (TON) price up 11.91%
  5. The price of Aave (AAVE) rose 9.36%

Casper CSPR Price Prediction: Retest Support

CSPR price was trading below the $0.039 resistance area since the beginning of May. After a considerable upward move, Casper price finally managed to break out on October 16. It reached a high of $0.055 the next day.

Casper price has since corrected lower and the $0.039 area has been validated as support (green icon). The daily RSI is still rising and no bearish divergence has occurred yet.

Therefore, after another possible retest, CSPR price is expected to move towards the $0.058 resistance area.

Conversely, a daily close below the $0.039 area would invalidate this bullish prediction in the crypto market.

Casper CSPR Resistance Crypto Market
CSPR/USDT chart by TradingView

Trust Wallet Token TWT Price Prediction: Fifth Attempts Breakout

TWT price has been declining below a descending resistance line since September 2021.

Currently, Trust Wallet is in the process of making its fifth attempt at a token price break out (red sign). Since the resistance weakens each time it is touched, there is a possibility of a breakout.

Moreover, the daily RSI is still rising and has not produced any bearish divergence.

If there is a breakout, the next nearest resistance area for TWT price will be at $1.33.

Conversely, a daily close below the $0.90 horizontal support area would invalidate the bullish hypothesis in the crypto market.

Trust Wallet Token TWT Price Resistance Crypto Market
TWT/USDT chart by TradingView

Maker Maker Price Prediction: Wedge Reaches Resistance Line

The manufacturer has been falling inside a descending wedge since June 2021. A descending wedge is considered a bullish pattern, which means that a breakout from it would be the most likely scenario.

Producer Price is currently attempting to break even. It started an upward move in September 2022 after jumping at the support line of the wedge.

Additionally, the RSI has finally moved above 50, which is breaking out of its bearish divergence trend line. This supports the possibility of the price breaking out of the wedge. If there is a breakout, the price of MKR could move all the way to $1,970.

A fall below the annual low of $581 would invalidate this bullish scenario for Maker price in the crypto market.

Maker Maker Wedge Formation Crypto Market
MKR/USDT chart by TradingView

Toncoin TON Price Prediction: Bounce on Support

TON has been trending upwards since it bounced off the $1.25 horizontal support area on October 13 (green icon). Soon after, Toncoin price broke a descending resistance line.

If the upward move continues, the nearest resistance area is $1.66-$1.77, formed by the 0.5-0.618 Fibonacci Retracement resistance level. A successful movement above this area would be expected to take TON price above $2.

Conversely, a daily close below $1.25 would be bearish and indicates that new lows are expected for the price of Toncoin in the crypto market.

Toncoin TON Bounce Crypto Market
TON/USDT chart by TradingView

AAVE Price Prediction: Wave C Begins

AAVE price has been declining below a descending resistance line since reaching a high of $115.18 on August 13th. The downside movement led to a low of $64.71 on October 13.

The ensuing bounce created a long lower wick (green icon) and validated the $72 area as support. Shortly after, AAVE price broke a descending resistance line.

It is possible that the AAVE price has started wave C of the ABC structure (black). If so, it could rise to $135.50. A daily close below $72 would invalidate this possibility.

AAVE Price Breakout Crypto Market
AAVE/USDT chart by TradingView

For the latest BeInCrypto Bitcoin (BTC) and crypto market analysis, click here

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