Average price The analysis shows that bulls are showing a solid upward trend as prices have skyrocketed by 18% in the last 24 hours. Resistance to the AAVE price is $ 93.83 and strong support is seen at the $ 77.66 level. Aave has traded $ 589,249,270 over the last 24 hours and has a market capitalization of $ 1,284,295,759. AAVE currently dominates the cryptocurrency market and has a market power of 3.27%.
The Bulls were able to push prices from a low of $ 90.05 to a high of $ 92.45 within hours. After that, the market fell as the price was supported at the level of $ 77.66. The Bulls have since regained control and pushed up prices. The next level of resistance is seen at the $ 93.83 level, above which prices can rise towards the $ 95.00 level.
AAVE / USD Daily Price Chart: After a bullish run, AAVE / USD will trade at $ 92.45
Daily market Average price The analysis showed some consolidation over the past week as prices fluctuated between the $ 77.66 and $ 93.83 levels. Due to the current price surge, prices have reached the upper limit of the integration range and are currently trading at $ 92.45, which could lead to further increases in the short term.
The upper Bollinger band is displayed at the $ 103.64 level and the lower Bollinger band is placed at the $ 75.98 level. The Relative Strength Index is currently seen at the 59.21 level, showing the bullish momentum of the price. The moving average convergent divergence is currently in the bullish territory, but is approaching the signal of a bearish crossover. This may result in price adjustments in the short term.
4-hour chart AAVE / USD: Market-dominant Bulls
Aave price analysis on the 4-hour chart shows that AAVE / USD is trading within the rising parallel channel as the price has been adjusted low after reaching the channel cap. The current move can be seen as a retracement, as prices are still trading within the bullish channel.
The RSI curve is currently below the 63.00 level, indicating a bearish price momentum. The MACD indicator is currently in the bullish territory, but bearish crossovers can occur in the short term, leading to a corrective price cut. The bulls seem to dominate the Aave market, with the upper Bollinger Bands at the $ 93.83 level and the lower Bollinger Bands at the $ 77.66 level.
Conclusion of Aave price analysis
Aave’s price analysis shows that AAVE’s prices are expected to continue to rise as bulls continue to dominate the market. The bulls’ next goal is seen at the $ 93 level, and if it goes above this level, the price could move towards the $ 95 level. However, if the price is exactly below the current level, we see strong support at $ 77.66, and further below this level, the price could approach the $ 75 level.
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