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Aave price analysis: Bullish run on the play as AAVE hits $92.05

Aave price analysis
TL;DR Breakdown
  • Aave price analysis shows an uptrend
  • Aave prices are up by 9.56 percent
  • The bullish run is expected to continue in the next 24 hours

Aave price analysis shows the bulls have set a firm uptrend as prices spike by 9.56 percent in the last 24 hours. The resistance for AAVE prices is present at $95 while strong support is seen at the $80 level. Aave has had a trading volume of $181,539,818.07 and a market cap of $1,263,641,903.19 in the last 24 hours. AAVE is currently dominating 0.10 percent of the digital assets market as it ranks position 48 overall. The general market for cryptocurrencies is in the green as most of the top 50 digital assets are in the green.

image 339
Cryptocurrencies prices heatmap, source: Coin360

AAVE/USD 4-hour price analysis: Bulls in control of the market

Aave price analysis on the 4-hour timeframe shows that the bulls have taken full control of the market as they push prices higher. The moving averages are in perfect alignment to show that the market is in a strong uptrend. The 50 MA (yellow) is above the 20 MA (white) which is above the 10 MA (red). This is a strong indicator that the trend is indeed bullish. The RSI indicator is currently trading in overbought conditions as it prints at 74.95. This means that there could be a slight retracement in prices but the bulls are most likely going to push higher toward the $100 level.

image 338
AAVE/USD 4-hour price chart, source: TradingView

The MACD indicator on the 4-hour chart is currently in the bullish zone as the MACD line (blue) is above the signal line (red). This is a strong indicator that prices are going to continue moving higher in the next few hours. The market is facing strong buying pressure as the bulls push prices higher. There is a strong possibility that prices will continue moving higher in the next 24 hours as the market looks to test the $100 level.

AAVE/USD daily price chart: Prices set to hit $100 soon

Aave price analysis on the daily timeframe indicates that prices are currently trading at the $92.05 level. The market has been in a strong uptrend as prices have surged by over 50 percent in the last week. The bulls have taken full control of the market as they push prices higher. The moving averages are in perfect alignment to show that the trend is indeed bullish. The SMA 50 (yellow) is above the SMA 20 (white) which is above the SMA 10 (red). This is a strong indicator that the trend is indeed bullish.

image 337
AAVE/USD 1-day price chart, source: TradingView

The RSI line is currently located in the overbought region as it trades at 70.40. This means that there could be a slight retracement in prices but the bulls are most likely going to push higher toward the $100 level. The MACD indicator is currently in the bullish zone as the MACD line (blue) is above the signal line (red). The prices are nearing the upper Bollinger Band which is a strong indicator that the market is overbought.

Aave price analysis conclusion

Aave price analysis today shows a strong bullish market sentiment set after the prices opened the trading session trading at $79. The prices have surged by over 9 percent in the last 24 hours as the bulls take full control of the market. The market is expected to continue moving higher as the bulls look to push prices toward the $100 level.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com 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.

Editah Patrick

Editah Patrick

Editah is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates her, she finds the intersection of both technology and finance mind-blowing. Her particular interest in digital wallets and blockchain aids her audience.

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