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- 1 The Aurora token price chart displays consolidation amid bearishness.
- 2 The AOA token failed to gain momentum and is hovering near the $0.0001200 mark.
The Aurora token (AOA) signifies neutrality and did not showcase any noteworthy activity and remained close to the neckline support zone of $0.00012000. However, the token is on the verge of a breakdown and may reflect a correction ahead, whereas the buyers are still in the race and have tightened their grip resulting in a sideways movement.
At press time, the AOA price was trading at $0.0001277 with an intraday gain of 0.89%, reflecting neutrality on the charts. It has a monthly return ratio of 87.89% and -56.89% on a yearly basis. The pair of AOA/BTC is at 0.00000000284 BTC, and the market cap is $1.92 Million. Analysts are neutral and suggest the AOA token may continue to hover in range and will soon deliver a breakdown.
AOA Price Shows Sideways Move, Volume Remained Average
The price to volume profile of the Aurora token, which signifies low volume activity revealing no clear indication of buying activity. However, the token has witnessed average participation of investors for the past weeks and the price remained close to the neckline support of $0.0001200 signifying no buying indication. The intraday trading volume was below average and is noted at $4695.
Price Volatility and Sentiment Revealing Negative Outlook
Following the range bound price movement, the price volatility reached the ground and witnessed low directional moves leading to a decline in the volatility of the token. Additionally, the sentiment looks negative and the value has reverted from the positive value of 0.591 to -0.444, signifying the change in investor mindset for the token.
Social Dominance and Active Social Users Data Overview
Per the Santiment data, the social dominance data noted a decline and shows low investor interaction on social media platforms. Likewise, the active social users on the X dragged by over 120% to 1310. However, the total number of holders remained steady at around 102k.
Circulation and Active Addresses Outlook
The circulation data on a monthly basis remained average at around 5.23 million, and the total supply of the token is 10 billion. However, the active addresses value dragged over 70% to 3, signifying a neutral outlook.
The RSI curve stayed below the midline and is showing a negative divergence on the charts. Per the Fib levels, the token price has sustained above the 23.6% zone and is in the oversold region, whereas the technical indicators are suggesting a possible correction in the upcoming sessions. The volume to market cap ratio is 0.00245.
Summary
The Aurora token (AOA) price stuck around the neckline support of $0.0001200 and reflects low investor interest. However, the price action remained neutral and the token may face further sideways movement in the next sessions.
Technical Levels
Support Levels: $0.0001200 and $0.0001100
Resistance Levels: $0.0001330 and $0.0001400
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
