Aave price analysis reveals that the bulls have established a strong uptrend, with prices up by 1.76 percent in the last 24 hours. AAVE prices are facing resistance around $ 77.51, while significant support is anticipated at $73.33. In the last 24 hours, Aave has had a trading volume of $102,728,797 and a market cap of $1,081,329,513
In a few hours, the bulls were able to drive the price from a low of $73.33 to a high of $77.51. The market then corrected downward, with prices finding support at $73.33. Since then, the bulls have reclaimed power and are pushing prices upward. The next level of resistance is seen at $77.51, and a break over this level may see prices move higher to $78.
AAVE/USD 1-day price chart: the price rises to $76.64 due to an uptrend.
The Aave price analysis market has witnessed some consolidation in the last week, with prices oscillating between $72 and $76. The latest price rise has lifted prices above the upper limit of the consolidation zone, and a further move up is possible in the near term, with the price currently trading at $76.64.
The Aave market’s 1-day technical indicator indicates an uptrend, with the MACD line trading above the signal line. The RSI indicator is currently at 41.86 and shows no signs of being overbought or oversold. The market is being supported by the 50-day simple moving average at $73.33, while the 200-day simple moving average is giving resistance at $77.51.
AAVE/USD on a 4-hour price chart: Bulls are in charge.
Price comparison for Aave AAVE/USD is trading inside an ascending parallel channel on the 4-hour chart, with prices correcting lower after reaching the channel’s upper boundary. Because prices are still trading within the bullish channel, the current move might be termed a retracement.
The RSI curve is now trading at 49.71 and does not provide a strong signal of market direction. The MACD indicator is likewise close to zero, indicating that there is no discernible trend in the market at the moment. The 50-day and 200-day simple moving averages are approaching each other, indicating additional market consolidation.
Conclusion of the Aave price analysis
AAVE price analysis suggests that the price of AAVE is projected to continue rising as the bulls maintain control of the market. The bulls’ next goal is $77.51, and a further rise over this level may drive prices to the $78 level. If prices correct lower than they are now, significant support is indicated at $73.33, and a further fall below this level may push prices to the $70 level.