Stock and cryptocurrency markets may experience sharp volatility on Friday, June 20, with the biggest 'triple witching' event of the year taking place.
The 'triple witching' event occurs when a set of exchange-traded derivatives contracts expire on the same day. It usually happens on the third Friday of March, June, September, and December. The potential volatility and pullback in stock and cryptocurrency markets may present a good buying opportunity. This article explores the top cryptocurrency tokens to consider before this event.
The best cryptocurrencies to buy today before the triple witching event
The ideal cryptocurrencies to buy are those with strong technical indicators, momentum, and solid fundamentals. Among these coins are: #SEİ ($SEI ), Aerod,rome Finance ($AERO ), and Aave ($AAVE ).
Sei
Sei is one of the best cryptocurrencies to buy based on its technical indicators and fundamentals. Essentially, the network is experiencing growth, with its total locked value jumping to over $564 million, and its stablecoin supply rising to over $220 million.
Sei has also become the largest gaming chain. Dapp, Radar data shows that its games have over 8 million unique active titles in the past thirty days, an increase of 84%. This was significantly higher than 6.68 million for BSC and 3.59 million for Sk,ale.
Technically, the token has surpassed the upper side of the descending wedge pattern, confirming a bullish breakout. If this situation continues, the next level to watch is $0.2745 - its highest point in May, which is 35% above the current level.
Sei Price Chart | Sei
Aerod,rome Finance is another leading altcoin worthy of attention as it gains momentum. It has already risen over 220% from its lowest point this year and is now hovering at its highest level since February 7.
The price of AERO has surpassed the key resistance level at $0.8010, which is the upper limit of the ascending triangle pattern. The 50-day and 25-day moving averages have formed a bullish crossover. Therefore, the token is likely to continue rising with bullish speculators targeting a 50% retracement level at $1.3170.
Price Chart #AERO
Aave is one of the leading cryptocurrencies for purchase thanks to its strong market share in the decentralized finance sector. It has thousands of users and a total locked value of over $26 billion.
Aave also has strong technical indicators, as it remains above both the 50-day exponential moving average and the 50% Fibonacci retracement level.
Accordingly, the bullish trend is likely to continue as long as it remains stable above these levels. The next target price for AAVE to watch is its highest level since the beginning of the year at $322, followed by its highest level in December at $400.
AAVE Price Chart
You may also be interested in previous posts: Here’s why the price of Bitcoin Cash rose by 35%
