The ETH price is resisting the ongoing selling pressure, with the price holding firm above $4,200. Whereas, the AAVE price is losing its footing with price slipping, retesting support near the $311 zone after reaching $382 a few days ago. However, a new PayFi token is becoming the go-to asset lately as investor recalibrate their investment strategy.
This analysis examines the ETH price direction in September, the AAVE’s shocking move, and a bonus look at the new PayFi, which has been generating high returns lately.
The ETH price has been in the news for all things good since July, first with its surging inflow, then it went on to create a new ATH in August. There is a lot of speculation about the ETF inflow and how it has continued to stabilise the ETH price over the last few months. There have been billions of dollars in ETH ETF inflows over the last few weeks, which record higher institutional buying compared to the BTC ETF.
With the ETH price recording a new ATH, the price has been on a corrective reversal, dropping to a low of around $4,200. However, the continued inflow has seen prices hold steady as experts predict a potential return to a high zone.
The ETH price analysis at this moment indicates a potential for the coin to surge, reaching up to $4,800 by the end of September.
The AAVE price went on an upward rally a few weeks ago, hitting a high above $382. However, while this is still about 50% below its all-time high, the rally brought a renewed hope of a bullish pump to the AAVE coin. But the story is taking a different turn lately as the price begins to slip.
However, fear is mounting among investors as the AAVE price continues its decline today, with the coin remaining in a bearish consolidation. The price is currently trading at $320, threatening a potential break below the 7-day exponential moving average.
The chart suggests that the AAVE price may struggle to maintain the $311 support level once it falls below $320, as further selling pressure continues. The price projection remains at $276 as AAVE continues to form lower highs.
While the other crypto assets are going to dip with a correction, Remittix is only moving higher, extending its 6x growth in the last few months. Analysis shows that this price dynamics is about to spike as the coin hit a new milestone this September.
The Remittix wallet launch, coming in the next few days, is showing strong potential to drive a higher price spike, with support hitting a new high.
The set of milestones on the Remittix roadmap this year is worth attention as experts project a potential to push a 35x price spike. Here are some of the Remittix milestones to watch:
These milestones are already driving high accumulation as the Remittix token is set to go from its current $0.1 to $3 by December.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
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