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The Aergo price skyrocketed 50% in the last 24 hours to trade at $0.2480 as of 1:16 a.m. EST, with trading volume plunging 47% to $969 million.
Aergo Price Aims For A Bullish Trend Reversal
The AERGO price action shows a strong bullish rally followed by a steep correction and what appears to be the beginning of a recovery. Initially, the Aergo price surged within an ascending channel, maintaining higher highs and higher lows.
This parabolic climb peaked near the $0.65 level before sharply reversing, according to GeckoTerminal data.
Following the spike, the price of AERGO dropped significantly but has since formed a rounded bottom pattern, often considered a bullish reversal formation.
The support during this drop was found near the 200 Simple Moving Average (SMA) on the 4-hour chart ($0.1319), which held firmly and provided the launch point for the current bounce.
The price of Aergo is recovering and is just below the 50 SMA (at $0.2658). This level acts as immediate resistance as bulls try to reclaim lost ground.
A successful close above this moving average could confirm the rounded bottom breakout and suggest a continuation upward.
Meanwhile, the Relative Strength Index (RSI) sits at 48.08, hovering near the neutral zone. This indicates that the coin is neither overbought nor oversold and has room to move in either direction.
AERGO Price Prediction
If AERGO can break above the 50 SMA at $0.2658 and sustain that level, it may target the next key resistance zone around $0.35–$0.40, which aligns with the lower boundary of the previously broken ascending channel.
Reclaiming that channel would be a significant show of strength.
In the event of a rejection at the 50 SMA, support lies first around $0.20, with stronger backing near the 200 SMA at $0.1319. A drop below that would invalidate the rounded bottom and suggest a return to bearish conditions.
In the meantime, investors rush to buy Best Wallet (BEST), which popular YouTuber ClayBro, with over 136K subscribers, says has the potential to soar 10X after launch.
Best Wallet Presale Hurtles Towards $12 Million In Presale – Next 10X Crypto?
The presale for leading Web3 wallet Best Wallet has been on an upward trajectory, as investors have already poured over $11.73 million into the project so far.
Lauded for its functionality and suitability for today’s market landscape, the non-custodial wallet recently reached over 500,000 total users, with over 250,000 monthly active users.
With a user-friendly design, advanced features, and high staking rewards, many see the project as the future of crypto wallets.
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Unlike MetaMask, which is primarily Ethereum-focused, or Trust Wallet, which is great for beginners, Best Wallet supports over 60 blockchains.
That means you can manage everything from the top altcoins to the latest up-and-coming tokens in one place.
Get In On Projects Early With The Upcoming Tokens Feature
Among the many features offered, its “Upcoming Tokens” section is attracting the most attention. This feature helps users discover promising projects still in the early stages.
The project’s success in identifying promising projects is clear. It’s identified tokens including Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that have delivered huge gains for early investors.
Currently, BEST tokens are priced at $0.024775. Investors can also stake BEST tokens for a huge 128% annual return.
Those interested in joining the project’s presale should buy BEST before a price hike in 37 hours.
Learn more about BEST on its official website.
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