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Recent price action in Aave’s price analysis indicates that the altcoin is still enjoying bullish momentum. Today’s AVE price analysis shows that the coin started the day strongly, with buyers pushing the price above $87.80 in an alarming fashion. The market has been on a tear over the past few days as the bulls seem in no mood to relinquish their grip on the market.
The price of AAVE/USD has increased by more than 3.70% in the last 24 hours and is currently trading at $88.74. The coin has a market capitalization of $1.22 billion and is ranked 17th by CoinMarketCap. The coin’s 24-hour trading volume is $126.81 million.
Aave Price Analysis for 1-Day Price Chart: Bulls are making a successful comeback.
One day Aave price analysis confirms that the coin is trending higher for today as its value has shown a significant improvement. While the coin’s value has suffered in the past, today, the push from buyers is encouraging and sustained as the price action has increased and the price trend line is rising.
Currently, the moving average (MA) point of $84.05 is very supportive and buyers are trying to keep the price around this level. The volatility on the one-day price chart is relatively high, with the upper Bollinger band at $88.94 and the lower Bollinger band at $82.32. After today’s move, the relative strength (RSI) point index has reached 62 and will continue to move higher if the buying activity continues in the market.
AAVE/USD 4-hour price chart: The cryptocurrency has crossed the barriers to reach $87.80
The 4-hour Aave price analysis supports the bullish side as the AAVE/USD price has seen a significant increase in the last few hours. The bulls are committed to regaining their leadership position in the market, and their progress so far has been impressive. The price has risen to $87.80 in the last four hours due to the bullish trend. Overall, the price action has been bullish for the past 12 hours.
At the same time, the moving average is at $85.69, above the current market price, which indicates that the short-term bearish trend may continue in the market. Bollinger bands are widening at the upper Bollinger band and the lower Bollinger band as they lag. The RSI indicator is currently at 63 and is rising, which indicates that buying activity may continue in the market.
Aave price analysis conclusion
Aave’s price analysis concludes that AAVE’s prices are currently trading bullish and the bulls are dominating the market and it is likely to go higher in the near future. However, the bears are starting to show some signs of life and a break above the $88.94 resistance level is needed to ensure continuity.
Disclaimer The information provided is not commercial advice. Cryptopolitan.com shall have no liability whatsoever for any investments made based on the information provided on this page. We recommend independent research and/or consultation with a qualified professional before making any investment decision.
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