Trade Aave Crypto for 25% Short-term Gains!

2 months ago 26149

ARTICLE AD BOX

AAVE has experienced a steady market with some minor fluctuations recently, with its price remaining around the $120-$130 range. The liquidity in the DeFi space continues to support the token’s value.

For on-demand analysis of any cryptocurrency, join our Telegram channel.

Aave Crypto Price Analysis

Price: $126.71
Market Cap: $1.9 billion
24h Trading Volume: $140.2 million
Circulating Supply: 15 million AAVE
Total Supply: 16 million AAVE

Price is in an Uptrend. It broke back above the critical level ($100-100 resistance zone) to signal resumption of Uptrend. We would be buyers on a pullback to $120 support, with +25% upside potential to $150 again.

Weekly Price Analysis

Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken.

Once price breaks below support, it can move lower to the next support level

7-Day Price Change: +3.5%
Week Opening Price: $66.10
High/Low of the Week: $70.20 / $64.75
Trend: Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum: Price is neither overbought nor oversold currently.
Support and Resistance: Nearest Support Zone is $120.00, then $105.00. Nearest Resistance Zone is $130.00, then $154.00.

Technical Indicators

Relative Strength Index (RSI): 61.2 (indicating neutral momentum)
Moving Average Convergence Divergence (MACD): Positive crossover, signaling potential upward trend.
Bollinger Bands: AAVE price is trading in the middle range.

For on-demand analysis of any cryptocurrency, join our Telegram channel.