The stock and crypto markets may see heightened volatility on Friday, June 20, as the biggest triple-witching event of the year takes place.
A triple-witching event occurs when a cluster of different exchange-traded derivatives contracts expire on the same day. It typically happens on the third Friday of March, June, September, and December. The potential volatility and retreat in the stock and crypto markets may present a good buying opportunity. This article explores the top crypto tokens to consider ahead of this triple-witching event.
Best crypto to buy today before the triple-witching event
The ideal crypto coins to buy are those with strong technicals, momentum, and fundamentals. Some of these are Sei (SEI), Aerodrome Finance (AERO), and Aave (AAVE).
Sei
Sei is one of the best crypto assets to buy based on its technicals and fundamentals. Fundamentally, the network is growing, with its total value locked jumping to over $564 million and its stablecoin supply rising to over $220 million.
Sei has also become the biggest gaming chain. DappRadar data shows that its games had over 8 million unique active addresses in the last 30 days, an 84% increase. This was significantly higher than BSC’s 6.68 million and Skale’s 3.59 million.
Technically, the token has broken above the upper side of a falling wedge pattern, confirming a bullish breakout. If this holds, the next level to watch will be $0.2745 — its highest point in May and 35% above the current level.
Aerodrome Finance
Aerodrome Finance is another top altcoin to consider as it gains momentum. It has already surged over 220% from its lowest point this year and is now hovering at its highest level since Feb. 7.
AERO price has moved above the key resistance at $0.8010, the upper boundary of an ascending triangle pattern. The 50-day and 25-day moving averages have already formed a bullish crossover. Therefore, as crypto.news predicted, the token will likely continue rising as bulls target the 50% retracement level at $1.3170.
Fundamentally, Aerodrome Finance has become the largest decentralized exchange on the Base Blockchain. Its role in the industry could become more prominent once integrated into Coinbase’s network.
Aave
Aave is another top crypto to buy due to its strong market share in the decentralized finance sector. It has thousands of users and a total value locked of over $26 billion.
Aave also has strong technicals, as it remains above both the 50-day Exponential Moving Average and the 50% Fibonacci retracement level.
As such, the bullish trend will likely persist as long as it holds above these levels. The next AAVE price target to watch is the year-to-date high of $322, followed by the Dec. high of $400.
