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- AAVE price prediction suggests that the token price is trying to surge towards the price range of the consolidation phase over the daily chart.
- AAVE crypto is still trading below 20, 50, 100 and 200-days Daily Moving Average.
- Trading volume dropped by 56% during the intraday trading session.
AAVE price prediction suggests that the token is trying to remain inside the consolidation phase over the daily price chart. AAVE crypto must maintain the accumulation rate so that the token surge towards the upper price range. However, sellers are raiding the token for short selling during the intraday trading session. AAVE investors need to wait until the token registers any positive signal or bulls approach for the token’s rescue.
AAVE price is currently approximated at $55 and has risen by 0.88% in the last 24-hour period. However, trading volume has dropped by 56% during the intraday trading session. This demonstrates that sellers are trying to bound the token over the daily chart. Volume to market cap ratio is 0.02955.
AVVE price prediction suggests the token’s consolidation phase of AAVE crypto inside the horizontal range-bound area over the daily price chart. However, trading volume is below average and needs to grow for AAVE to surge towards the upper price of the consolidation phase. Meanwhile, AAVE crypto is still trading below 20, 50, 100 and 200-days Daily Moving Average.
Will AAVE Price Surge Successfully?
Technical indicators suggest the token’s consolidation phase over the daily chart. Relative Strength Index showcases the consolidation phase over daily chart. RSI is at 37 and is trying to surge towards neutrality. MACD exhibits the sideways momentum of AAVE. Investors need to wait for any directional change over the daily chart.
Conclusion
AAVE price prediction suggests that the token is trying to remain inside the consolidation phase over the daily price chart. AAVE crypto must maintain the accumulation rate so that the token surge towards the upper price range. However, trading volume is below average and needs to grow for AAVE to surge towards the upper price of the consolidation phase. Technical indicators suggest the token’s consolidation phase over the daily chart.
Technical Levels
Support Levels: $52.00 and $50.00
Resistance Levels: $60.00 and 65.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
