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- 1 Aave price prediction suggests the recovery phase of AAVE crypto over the daily time frame chart.
- 2 AAVE crypto has recovered above 20-EMA and is trying to surge towards 50, 100 and 200-days Daily Moving Average.
- 3 The pair of AAVE/BTC was at 0.001876 BTC with an intraday gain of 1.64%.
Aave price prediction showcases the token’s uptrend momentum towards the primary resistance level of $60 over the daily chart. Bitcoin the cryptocurrency market dominator has surged most and other altcoins have also started recovering. AAVE cryptocurrency has recovered around 13.29% in a week. Investors in AAVE need to wait until the token price sustains at the $60 primary resistance level.
Aave price was at $57.57 at press time. Most indicators recorded a sharp rise intraday. The market capitalization surged by a decent 3.40% withing the day. Trading volume has increased by 48% during the intraday trading session. This demonstrates that the buyers are trying to push AAVE crypto toward the primary resistance over the one daytime frame chart. The Volume to market cap ratio stood at 0.0543.
AAVE Cryptocurrency: Technical Indications!
AAVE price prediction suggests the token’s recovery phase over the daily time frame chart. AAVE crypto needs to break out from the primary resistance level in order to continue its recovery phase over the charts. However, the trading volume is still below average and needs to grow for AAVE crypto to keep surging.
Technical indicators suggest an upside trend of AAVE crypto over the charts. Relative strength index showcases the uptrend momentum of AAVE crypto. Relative Strength Index (RSI) was at 51 and is heading towards the overbought territory.
The Moving Average Convergence Divergence (MACD) exhibits the upward velocity of AAVE crypto price. The MACD line is above the signal line after a positive crossover. Investors in AAVE crypto need to wait for any directional change over the daily time frame chart.
Summary
Aave price prediction showcases the token’s uptrend momentum towards the primary resistance level of $60 over the daily chart. AAVE price prediction suggests the token’s recovery phase over the daily time frame chart. Technical indicators suggest an upside trend of AAVE crypto over the charts. Investors in AAVE crypto need to wait for any directional change over the daily time frame chart.
Technical Levels
Resistance Levels: $60.03 and $62.05
Support Levels: $55.20 and $53.12
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
