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- 1 Aave price prediction highlights the struggle of AAVE crypto at the current level.
- 2 AAVE crypto is trying to stabilize above the 20, 50 and 100-day DMA to surpass the 200-day Daily Moving Average.
- 3 The pair of AAVE/BTC was at 0.002294 BTC with an intraday drop of 3.08%.
Aave price prediction indicates the crypto’s struggle to sustain after recovering in a curve over the daily time frame chart. AAVE crypto must attract buyers in order to stabilize and continue its surge on the charts. However, sellers may approach the trade to pull AAVE crypto’s prices lower. Investors in AAVE should wait until the crypto price attains some type of constant momentum on the charts.
Aave price was at $70.41 and has lost 0.51% of its market capitalization during the day’s trading session. However, trading volume has increased by 16.01% during the intraday trading session. This demonstrates that buyers are present in the trade to push AAVE cryptocurrency. Volume to market cap ratio was at 0.1122.
Aave Price Prediction: Technical Analysis
Aave price prediction indicates the crypto’s make-or-break situation at the current level on the charts. AAVE crypto needs to attract more buyers during the day’s trading session to register its breakout from the neckline. Meanwhile, AAVE crypto is trying to stabilize above the 20, 50 and 100-day DMA to surpass the 200-day Daily Moving Average.
In June, AAVE cryptocurrency underwent a period of accumulation, and subsequently, it began a recovery phase on the charts. AAVE got up to the current level and is now trying to stabilize there in order to continue its surge on the daily time frame chart.
AAVE crypto price has gained around 2.21% in a week and 10.48% in a month. Moreover, AAVE price has surged 32.54% in the last six months and 35.56% year-to-date. This confirms the facts regarding AAVE crypto’s maximum recovery during 2023.
Technical indicators point to the consolidation phase of AAVE crypto price. Relative strength index (RSI) showcases the downtrend momentum of AAVE. RSI was at 62 and is trying to remain above neutrality.
MACD exhibits the uptrend momentum of AAVE crypto. The MACD line is above the signal line after a positive crossover. Investors in AAVE crypto must wait for any directional change over the daily time frame chart.
Summary
Aave price prediction indicates the crypto’s struggle to stabilize after recovering in a curve on the daily time frame chart. AAVE cryptomust attract more buyers during the day’s trading session in order to register its breakout from the neckline. Technical indicators suggest the consolidation phase of AAVE crypto price. Investors in AAVE crypto should wait for any directional change on the daily time frame chart.
Technical Levels
Support Levels: $67.15 and $65.00
Resistance Levels: $74.40 and $77.00
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.
