$ 1,178.07 1.13%
$ 36.52 5.78%
$ 0.068672 5.14%
$ 5.17 5.36%
$ 20,636.00 0.67%
$ 234.50 0.13%

Aave Price Analysis: AAVE spikes higher after failing to retrace to $280

Aave Price analysis

TL;DR Breakdown

  • Aave price analysis is bullish today.
  • AAVE/USD saw bullish momentum return overnight.
  • Aave is set to rally further.

Aave price analysis is bullish today as a new higher low has been set around $285, with a reaction higher late yesterday. Therefore, we expect AAVE/USD to continue higher and look to reach the $345 resistance next.

Aave Price Analysis: AAVE spikes higher after failing to retrace to $280 1
Cryptocurrency heat map. Source: Coin360

The overall market traded in the green over the last 24 hours. The market leader, Bitcoin, gained 5.65 percent, while Ethereum increased by 5.43 percent. Meanwhile, Shiba Inu (SHIB) is still the best performer.

Aave price movement in the last 24 hours: Aave returns above $305

AAVE/USD traded in a range of $287.96 – $317.28, indicating strong volatility over the last 24 hours. Trading volume has increased by 27.69 percent and totals $326.45 billion, while the total market cap trades around $4.09 billion, ranking the coin in 43rd place overall.

AAVE/USD 4-hour chart: AAVE to reach new highs today?

On the 4-hour chart, we can see bullish momentum returning for the Aave price action after a brief spike lower yesterday was met with increased bullish pressure.

Aave Price Analysis: AAVE spikes higher after failing to retrace to $280
AAVE/USD 4-hour chart. Source: TradingView

Aave price action has seen bullish momentum return in October. After a series of lower lows and highs in September, support was eventually found at around $260.

Above the support, AAVE/USD consolidated for several weeks, until a break higher was seen on the 2nd of October. Aave eventually peaked at around $325, with a slight rejection from there.

Yesterday, bears attempted to take over the market momentum, however, bullish momentum returned around $285. Aave price action advanced back above $305, where it currently prepares for another push higher.

Aave Price Analysis: Conclusion 

Aave price analysis is bullish today as the downside was rejected yesterday, leading the market back above $305 previous resistance. Therefore, we expect AAVE/USD to continue higher over the next 24 hours.

While waiting for Aave to move further, read our guides on Best NFT marketplaces, NFT history and development, as well as NFT Music.

Disclaimer. The information provided is not trading advice. holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Related News

Hot Stories

Holograph Integrates LayerZero To Facilitate Holographic Omnichain NFTs That Beam Across Blockchains
Dogecoin price analysis: DOGE swiftly retests $0.07 as support, ready to push higher?
Bitcoin, Binance Coin, XRP, and Solana Daily Price Analyses – 28 June Morning Price Prediction
KuCoin talks about its new crypto wallet after completing the testing stages
Ankr Price Prediction 2022-2031: Will the ANKR price go up?

Follow Us

Industry News

Compass Mining loses Bitcoin mining facility for neglecting energy bill
Robinhood shares spike 14% on FTX rumored purchase report
US adults turn strong hands, predict Bitcoin at $38,000 on average in 6 months
Nexo reacts to new Emblezzlement allegations and threatens legal action
Bear market 2022 hits crypto to its worst in historic records