In case of a CEX (centralized exchange), the trading fee is kept with the exchange and all users’ cryptocurrency is hosted on the exchange’s wallet. The risk of a hack in the exchange’s crypto wallet puts the tokens of all users at risk. This risk is eliminated in case of a DEX. Moreover, users can make partial income by providing liquidity and sharing the trading fee amongst themselves. Now let us review some DEX token price predictions.
UNI/USD – Price Prediction
UNI is currently trading at a resistance zone of $3.85. If it can break this resistance, we can start seeing a move in UNI price towards $4.25, $4.50, and $4.87. Failure to break the current resistance will lead to a drop in price towards $3.27 and $2.67.
AAVE/USD – Price Prediction
AAVE has broken out of the resistance at $82.11 and is currently trading above the resistance flipped into support. If it can manage to stay above this new found support of $82, we can start seeing a move in AAVE price towards $90.33, $97.35, $107.34, and $120.07. Failure to hold the support at $82 could lead to a drop in price towards $76.18 and $65.00
BAL/USD – Price Prediction
BAL has bounced back from the support zone at $13.00. It is currently trading just above the support and could aim for the resistance at $15.56. If it can break this resistance, we could see a move towards $17.79 and $20.00. Failure to break the resistance could lead to a move down towards $13.05. If this support breaks, there is no substantial support till $9.00 and could be a good short entry.
CRV/USD – Price Prediction
CRV has broken the resistance at $0.81. If this resistance can be flipped into support, we can start seeing a move in CRV price towards $0.88 and $0.97. Failure to break the resistance opens up a possibility of pull back and short opportunity with targets at $0.74, $0.68, and $0.59.
Images courtesy of TradingView.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
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