Triple-Witching Event Could Boost Crypto Prices on June 20
On Friday, June 20, teh stock and crypto markets may experience increased volatility due to the year’s biggest triple-witching event. This event involves the expiration of various derivatives contracts on the same day.
This event could create opportunities for investors. Here are some top crypto tokens to watch:
- Sei (SEI): This network is growing rapidly. Its total value locked has reached over $564 million, and its stablecoin supply is over $220 million. Sei is also the biggest gaming chain, with over 8 million unique active addresses in the last 30 days. Technically, the token has broken out of a falling wedge pattern. If this trend continues, the price could reach $0.2745.
Aerodrome Finance (AERO): This altcoin has surged over 220% from its lowest point this year. It has broken above key resistance at $0.8010, indicating a bullish breakout. The token is now at its highest level as February 7.Fundamentally,Aerodrome Finance is the largest decentralized exchange on the Base Blockchain. It could become even more prominent once integrated into Coinbase’s network. The next price target is $1.3170.
aave (AAVE): Aave is a strong player in decentralized finance, with a total value locked of over $26 billion. It has strong technicals, remaining above the 50-day Exponential Moving Average. If this trend holds, the price could reach $322, followed by $400. Aave’s role in the industry is significant, with thousands of users and a total value locked of over $26 billion. The token is above the 50-day Exponential Moving Average and the 50% Fibonacci retracement level. If this trend continues, the price could reach $322, then $400. For more details, check <a href="https://twitter.com/Mayhem4Markets/status/1935700786660442380. Its next price target is the year-to-date high of $322.
Thes cryptos show promising technicals and fundamentals, making them good buys ahead of the triple-witching event. For more insights, visit crypto.news.