Aeternity: Price Jumped 23% In 24 Hours
Kiana Danial | Jan 17, 2019 12:03AM ET
Aeternity’s token, AE, spent the last month hanging around its all-time low level. However, as Ethereum struggled to make any gains in the past couple of days, the trading crowd appear to have flocked to this wanna-be Ethereum token. This helped its price jump 23% in 24 hours.
Looking at the AE/BTC daily chart, the pair has even tested the upper band of the daily Ichimoku Cloud, an indicator we use to get a better understanding of the price action.
h3With this, if AE is able to break above the cloud, it might generate enough bullish momentum to reach the next resistance level at 23% Fibonacci level which traces the downtrend that started back in June 2018.
Do you think AE has what it takes to replace Ethereum? At what price point would you buy AE, and will you consider holding it long-term?
/h3
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