Aavegotchi (GHST) Faces Headwinds Following a Surprise Move

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RESULTS

Price action in the Aavegotchi daily market surged unexpectedly, attracting bearish attention. As a result, the market was forced to retreat below some important levels. Currently, buyers are holding on to very little hope.

GHST Statistics:
Current GHST Value: $1.00
Aavegotchi Market Cap: $85,496,661
GHST Circulating Supply: 52,747,801
Aavegotchi Total Supply: 52,747,803
GHST CoinMarketCap Rank: 516

Key Price Levels:
Resistance: $2.000, $2.500, and $3.000
Support: $1.500, $1.000, and $0.500

The Aavegotchi Price Clings to a 5.06% Profit

Price action in the GHST daily market has seen a decent price increase in today’s trading activity. However, the market was forced to retreat below the Exponential Moving Average (EMA) curve, causing buyers to lose a significant part of their profits.

Currently, price action stands below the 20, 50, and 100-day EMA lines. This indicates that the headwinds are getting stronger and may cause further downward contractions. On the contrary, the Stochastic Relative Strength Index (SRSI) lines have an upward bearing following a bullish crossover. Despite the downward correction, these indicator lines are trending upward.

The GHST Market Keeps Holding on to Upside Hopes

Despite the significant price contraction in the Aavegotchi 4-hour market, technical indicators still suggest that the market may stay on an upward path. The upper shadow of the last price candle on this chart can be seen piercing through all the EMA curves.

However, it stays above the 20-day EMA line, while its close is just below the 50-day EMA. Similar to the daily chart, the SRSI lines here also have an upward trajectory. This consistency suggests that traders might want to stick to using bullish crypto signals. It appears that the market may rise back towards the $2.00 mark initially.

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