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Aave Price Analysis: AAVE Coin Struggles to Break Above $315 Mark

  • The AAVE coin price is positive, around 2.1% during intraday.
  • The 24-hour trading volume is at $250 million.
  • AAVE/BTC pair is trading negative by 1.0% at 0.00509957 BTC.

AAVE coin daily technical chart and price trend show an uptrend. Based on the pivot point, the support zone is 175 USDT. Another way to look at it is that if you rush, the resistance level to watch is 415 USDT. Therefore, the chart created a Doji candlestick pattern during the day, and the cost is confident that it will remain sideways with unwavering medium strength over a short period of time.

The Exponential Moving Average (EMA) band, consisting of several EMAs, strongly supports currency price fluctuations. Investors may find that cost struggles below the red band. This guarantees a plunge in Aave until it is below the ribbon.

Trading volume (30.157 K) is below the 20-day moving average (102.75 K). The volume is low, so the cost struggles below the pivot point. Investors may also notice that the volume bar on the chart becomes low. This indicates that unusual volatility is common on the following trading days.

The RSI indicator gave a signal (bearish) with 47, projecting a sell signal in the currency. Investors can observe a declined slope from 50. It can plunge in future trading sessions.

Long-Term Perspective of AAVE Coin Price Trend

The weekly technical chart and price trend of AAVE coin show a bullish trend. Based on the pivot levels, the support zone is $190 USDT. On the upside, if it breaks, the level of resistance to search is $660. In addition, the chart shows the Heikin Ashi candles, which have tremendous upside potential in asset price movements.

Aave value today is $303.04 with a 24-hour exchanging volume of $250,719,224. AAVE cost is up 2.1% as of now. It has a circling supply of 13 Million AAVE coins and an absolute stock of 16 Million. The RSI points to a selling signal, and the traders have prompted low volume. In fact, the cost moves below the pivot levels. Likewise, the general market outlook is that this pattern will continue to plunge over the next few trading days.

Resistance Level: $415 & $660

Support Level: $190 & $175

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.