Crypto Weekly Winners & Losers: CRO, IP, PENDLE, AERO
Here’s a breakdown of the text, focusing on the key data about the cryptocurrencies PENDLE, AERO, and LDO:
1. PENDLE (PENDLE/USDT)
current Situation: PENDLE is showing a pattern of ”higher highs and higher lows,” indicating consolidation. Traders are likely pausing to digest recent gains.
Potential Outlook: A short-term price decrease (drawdown) is possible.However, the current structure suggests this pullback could be used as a buying opportunity (accumulation point) by mid-September, potentially leading to another price increase.
Source: TradingView (PENDLE/USDT) – The chart used for analysis is from TradingView.
2. Aerodrome Finance (AERO)
Recent Performance: AERO experienced a notable retracement of nearly 19% from its opening price of $1.40, ending a three-week bullish trend. This is the largest weekly pullback in over five months.
Key Levels: The price retested the $1.50 level (a key supply zone) and then fell to $0.40. Potential Outlook: While a bottom hasn’t been confirmed, there’s a possibility of a “short squeeze” if buyers re-enter the market. Breaking above $1.50 could trigger another price increase.
3.Lido DAO (LDO)
* Brief Mention: The text states that Lido DAO failed to break through a resistance level. (The text is cut off, so more details are unavailable.)
Overall Tone: The analysis is technical, focusing on price charts, support/resistance levels, and potential trading patterns. It’s geared towards investors looking for short-term trading opportunities.