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- 1 Aurora price prediction emphasizes the weakness in the price on the daily time frame.
- 2 The crypto price halted near the value of $0.672 heading toward the lower dynamic support.
Aurora serves as a bridge for Ethereum users and decentralized applications, facilitating their transition to the NEAR blockchain. It provides two key functionalities: the deployment and management of Solidity smart contracts within the NEAR ecosystem, and the seamless transfer of assets, including ERC-20 tokens, across Ethereum, NEAR, and Aurora, using the Rainbow Bridge.
The platform utilizes ETH as its foundational token to optimize user experience and provide developers with a familiar set of tools. The AURORA token plays a pivotal role in governance, ensuring the protocol evolves correctly. The governance structure of Aurora is encapsulated within the AuroraDAO, which is composed of members from diverse blockchain industry segments and ecosystems.
Technical Analysis of Aurora Price
The Aurora price is facing a weakness halting near the value of $0,672 and heading toward the 50 EMA support level. Despite the recent weakness, the price performance of the crypto has been outstanding throughout the year.
Over a week, Aurora crypto price decreased by approximately 6.10%. Moreover, the coin has grown by almost 33.68% in a month, and 27.06% in the last 3 months. It gave an outstanding return of 670.00% in the last 6 months and grew by 43.66% year to date.
At press time, the Aurora crypto price was trading at $0.388 with an intraday loss of 1.77%, indicating bearishness on the charts. It has a monthly return of 33% and 43% yearly. It has a market cap of $168.52 Million. Analysts are bullish and suggest the crypto price will attain higher levels in upcoming sessions.
Aurora Crypto Price vs Volume Analysis
According to the graph of price and volume, the trading volume has declined slightly from the middle of this month and the price has also declined. If the trading volume declines then the price may slip below the trendline.
Aurora Crypto Social Dominance vs Social Volume Analysis
The graph of social dominance has been decreasing for the last few months, which has negatively impacted the price. Suppose the interaction about crypto increases on social media like X, Instagram, and Telegram then it may leave a positive impact on the price.
Summary
Aurora’s price analysis is bullish for the long term and suggests the bullish momentum might continue. Crypto price is within the bulls’ control so the probability of reaching high levels despite mild weakness.
Technical Levels
Support Levels: $0.349
Resistance Levels: $0.672
Disclaimer
It’s important to note that the views and opinions presented in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading stocks carries inherent risks, and readers should conduct their research before making any financial decisions.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
