- AAVE price surge from $340.0 to $381.30 on Thursday’s trading session
- The 24-hour volume in AAVE is at $404,324,277 with a 7.07% decrease
- The AAVE/BTC pair was trading at 0.006433 BTC with a gain of 2.05%
The 4-hour technical chart highlights AAVE price action represents it is in an uptrend. According to pivot points, AAVE’s critical support level is placed at $340.0. Whereas if it moves up, the key resistance level to watch is $393.50. While diving into the weekly chart of a 4-hour time-frame, it completes a hammer candlestick pattern representing bullish reversal with medium reliability.
EMA-(8,13,21,55) acts as another strong support in the coin. EMA-8 (blue) intersects above EMA-13 & 21 (green & yellow), which projects a bullish trend. The price is also above EMA-55 (red). Investors may perceive a positive crossover in the EMA, and the price will also follow the positive trend.
RSI indicator (BULLISH), with a value of 60.25, indicates a buy signal in the coin. Moreover, Investors can see a downward slope from 66 to 60 in the index, and it may soar in future trading sessions.
The volume of (39.27K) represents a buying volume which is above the Volume MA (26.31K) of 20-days. High buying pressure is maintained in AAVE to drive its price to higher levels.
Bulls In Favour Of AAVE Price
AAVE price traded at $381.30 with a gain of 3.58% in the last 24-hour and 15.27% up in the weekly time-frame. Furthermore, AAVE price surged from the support of $340.0. In contrast, the market capitalization stands at $4.68 billion. Technically, investors can perceive a positive crossover in EMA, and the price is above the 55-EMA. RSI index showcases a downward slope for a short while. Moreover, the price movement can be towards the resistance of $393.50 in future trading sessions.
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