- Aurora crypto price is down by 99% from its all-time high price.
- AURORA token has high liquidity based on its market cap.
Aurora merges NEAR blockchain’s performance with Ethereum’s ecosystem, offering Ethereum developers a scalable platform via its Ethereum Virtual Machine (EVM).
Founded by Alex Shevchenko, Aurora simplifies integration with Ethereum tools and boasts a trustless Rainbow Bridge for asset transfers. The $AURORA token facilitates governance, empowering holders in protocol upgrades via AuroraDAO.
The AURORA token price has advanced by 106% in the last 30 days, while the crypto’s volatility is 8.34%, which is considered high. The current market cap dominance of the token is 0.01%.
The current sentiment of the token is bullish, while the market cap of the token is trading flat, followed by the last 24 hours. Moreover, the market cap ranking of the token is 314th as per CoinMarketCap.
Also, the current market cap value of the token is $216.952M, and the token’s trading volume has not witnessed any significant change over the last 24 hours. Furthermore, the trading volume has declined by 0.60%, resulting in a traded volume of $31.295M.
The volume/market cap ratio of the AURORA token is 14.57%, and the sentiment of the token is bullish, as per Coincodex. Also, the fear and greed index of the token is at 88, which indicates extreme greed in crypto.
Aurora Token Supply Overview
The total number of holders for the Aurora token is 5.6K, as per Etherscan.io. The fully diluted market cap of the token is $509.113M, followed by a maximum total supply of 1.0B AURORA.
Moreover, the current circulating supply of the crypto is 432.671M AURORA, which further results in a circulating supply market cap of $219.363M. Also, the total supply of the token is 999.948M AURORA.
AURORA Crypto Blockchain Data Overview
By looking at the charts of the DefiLlama, it can be seen that the Total Value Locked for the token has advanced over the last few days, resulting in $48.51M. Despite this, the stablecoin market cap of the crypto is consistently declining, and the current market cap value of the stablecoin is $7.77M.
Moreover, the total raised amount by the crypto is worth $102M, and the inflows for the crypto are worth $1.96K, as per DefiLlama.
Volume Vs Price Volatility
On the charts of the Santiment, it can be seen that the price volatility of the token has witnessed an enormous surge, followed by the advance in the trading volume and the crypto’s price.
The following data represents the inflow of money with the rise of volume and price, which indicates the participation of investors, indicating reliability in the uptrend of the crypto.
AURORA Crypto Technical Analysis
On the weekly chart of the AURORA token, the price had a crucial resistance at a level of $0.400, followed by multiple price rejections. If we look into the most recent price action, the trading price of the token has broken above the same level.
The next most crucial level for the crypto is $0.745; if the AURORA crypto breaks above the following, a further surge in the token price can be expected.
AURORA/USD Chart by TradingView.com
The daily chart of the AURORA crypto price, followed by the technical indicators, indicates bullishness. The 20-period and the 50-day period EMAs are consistently advancing with the golden cross combination of 50 and 200-day EMA.
The ADX is trading at a level of 53 on the daily chart, which further indicates the strength of the crypto price trend.
The MACD indicator formed a bullish cross of MACD and the signal line on 11th March 2024, and since then, the crypto’s price has witnessed a surge of more than 80%.
The following indicator on the charts represents the probability of further advance in the crypto price.
Summary
Aurora crypto shows signs of bullish momentum, with recent price surges and technical indicators supporting an uptrend. Trading above crucial resistance at $0.400, it eyes the next level at $0.745 for a potential breakout.
Technicals depict strength, with EMAs rising, a golden cross formation, ADX indicating trend strength, and MACD signaling bullish momentum.
Technical Levels:
- Support levels: $0.050 and $0.210
- Resistance levels: $0.960 and $1.500
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.