Aave reached a five month high above $143 with a 14% spike. Bitcoin broke to above $61,800, with price gaining 4% amid fresh crypto resilience.

Aave continued to outperform peers on August 21 with a sharp ascend to its highest level in five months. Meanwhile, Bitcoin price broke above $61,800 with a 4% surge in 24 hours. AAVE spikes 14% to hit 5-month high Decentralised finance (DeFi) protocol Aave (AAVE) was among the top gainers on Wednesday after surging more than 14% to hit highs of $143. Aave’s native utility and governance token reached the level amid huge whale activity in the past few days. There was also positive news for Aave after the DeFi project’s Aave V3 deployed on ZKsync Era Mainnet.

AAVE price forecast Rising to above $143, Aave’s price moved to its highest level since March 2024. This is the period when Bitcoin rode the halving mania and spot BTC exchange-traded funds to reach its all-time high. AAVE’s push to current levels means the altcoin could eye fresh gains to the $177-$200 price area. However, the spike in AAVE price has also seen a sell signal flash on the daily chart. Crypto analyst Ali Martinez shared this price outlook for AAVE earlier in the day.

Bitcoin bulls target breakout above $60k While Bitcoin has struggled for momentum since the brutal sell-off in early August, bulls have remained largely undeterred. Buyers have shown great resolve in their quest to rally above the $60k. In the past 24 hours, the benchmark crypto has climbed to above this crucial level and currently looks set to extend the slight advantage. BTC has reached an intraday high above $61,838 on top crypto exchange Bitstamp. BTC chart The gains have the BTC/USD pair touch the 50-day simple moving average, accentuating the formation of an ascending triangle pattern. In technical analysts, the ascending triangle is seen as a bullish chart pattern where the resistance level follows a horizontal line. Meanwhile, swing lows follow a rising trendline that forms a narrowing triangle as price looks to resolve on the upside.

Bitcoin’s daily chart suggests this is the case for BTC since the dip to lows of $49,577 on August 5. Notably, the 50-day SMA currently acts as a robust hurdle. If bulls decisively break higher, price could target the key supply wall around $68,255. However, should weakness resurface, the primary support area could be around $58,266 and then $55,800.

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WOMIO presale for $WOMIO tokens starts August 21 at 19:00 CET. WOMIO platform simplifies multichain memecoin creation with staking rewards for users. The platform aims to merge memecoin fun with real-world utility and new industry standards.

Multichain memecoin launching platform WOMIO has announced its upcoming presale and outlined its innovative approach to enhancing meme coin utility. Set to launch on August 21 at 19:00 CET, the presale will offer the community an exclusive opportunity to acquire $WOMIO tokens, which are designed to serve as both a proof-of-concept memecoin and a catalyst for the growth of the WOMIO ecosystem. Simplifying the process of launching meme coins WOMIO is the brainchild of a seasoned team with a proven track record in crypto investment and project development. The platform is designed to be a one-stop solution for creating and promoting memecoins while integrating features such as staking, analytics, and promotional packages. This holistic approach aims to bridge the gap between the entertaining aspects of memecoins and the practical functionalities associated with more conventional crypto assets. WOMIO will support multichain launches, allowing users to create and deploy their tokens on their preferred blockchain in mere seconds. The multichain functionality is a significant advancement, as it enables a broader range of use cases and fosters a more dynamic and versatile memecoin market. The $WOMIO token will play a central role in the platform’s ecosystem, providing stakers with various benefits and promoting a sustainable approach to memecoin deployment and adoption. Each time a memecoin is created on the WOMIO platform, a fee of 1.25% of the total supply is collected and automatically redistributed among $WOMIO stakers. This mechanism ensures continuous rewards and incentivizes active community participation, aligning the interests of token holders with the success of the ecosystem. Combining the viral energy of memes with real-world utility Paul Theobald, Founder of WOMIO, emphasized the platform’s goal to redefine memecoin engagement. He said that WOMIO is here to change the way people see memecoins since they’re combining the viral energy of memes with real-world utility, setting a new standard in the industry. As the cryptocurrency industry continues to evolve, there is a growing demand for assets that blend entertainment with tangible value. WOMIO is poised to lead this trend by offering a robust platform that supports both fun and functionality. By leveraging its unique multichain technology and staking mechanisms, WOMIO aims to become a cornerstone of the memecoin landscape, driving innovation and sustainability in this rapidly growing sector. WOMIO is set to make significant strides in the memecoin space, promising to elevate projects and enhance the overall value proposition of memecoins through its cutting-edge platform.

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