fbpx

The Minor Increase in AURA Coin’s Value: Why Its 26% Spike Shouldn’t Cause Concern

  • The upward trajectory of Aura Finance on higher timeframes is evident despite recent fluctuations
  • A surge in dormant activity has caught the attention of long-term investors

Exciting news for Aura Finance [AURA] enthusiasts as the token recorded a remarkable 26% increase in value over the past couple of days. Short-term buying volume surged, accompanied by a bullish momentum shift on the daily charts, thanks in part to Bitcoin’s upward movement.

Despite these positive developments, a deeper dive into technical analysis revealed a lack of bullish sentiment in the long term. On-chain metrics also raised concerns about the sustainability of this recent rally, prompting the question – Can AURA bulls keep up with the momentum of the past two days?

Market analysis paints a compelling picture

AURA Daily Price Chart

Check out the latest chart for AURA/USDT on TradingView

Analysis of the daily timeframe for AURA shows a consistent pattern of lower highs since mid-March. The drop below $0.68 in early March reaffirmed the bearish trend.

Despite the RSI crossing the neutral threshold of 50, suggesting a bullish momentum, the altcoin is likely to continue its downward trend within the current bearish structure. Key resistance levels at $0.83 and $0.9, highlighted by Fibonacci retracement, could impede further upward movement.

The $0.85-$0.88 range has historically acted as a strong technical barrier. While the OBV has shown increased buying activity, it falls short of reaching its April peak, hinting at a possible lack of sufficient buying pressure.

Is a wave of selling on the horizon?

Aura Finance SantimentAura Finance Santiment

Insights from Santiment can provide valuable information for traders and investors

Analysis of on-chain metrics for Aura Finance revealed a lack of bullish signals. While network growth has been steady over the past two months, the daily creation of unique addresses has remained below 20 since February, posing a challenge for long-term holders.


Wondering about AURA’s market cap in BTC’s terms? Let’s explore


Despite a significant 30% surge in value recently, there has been a notable spike in dormant circulation, the largest in the past three months. This spike indicates a flurry of token movement, potentially signaling an incoming wave of selling pressure despite the short-term bounce.

Additionally, negative weighted sentiment over the past month suggests limited bullish potential for the token.

Next: Unraveling the potential impact of macro trends on Bitcoin’s price in 2024

🚀 Ailtra Crypto Bot Earned $13.4M Million in 11 Months with 0% Loss!

🚀 Ailtra generated $13.4M in 11 months only!

Unlock 15-55% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 31st May: an AI Crypto Bot boasting 15%-55% monthly gains and $13.4M earnings in 11 months. 💸Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,500 spots are available in first phase – claim yours fast! 🔥

Ailtra.ai will not disclose your account information to any 3rd parties.