Aave price prediction showcases the upside trend of AAVE crypto as it trades at the primary resistance level. However, AAVE crypto needs to be sustained at the current level which is the primary resistance level in order to maintain the recovery phase. Buyers are accumulating at a higher rate to push AAVE upwards and recover maximum. However, sellers may approach during the day’s trading session to pull AAVE down.
Aave cryptocurrency is coming from the $51.42 level and may recover maximum if it sustains at the primary resistance level. Meanwhile, buyers need to come forward to push AAVE upwards from the primary resistance level.
Aave price was at $53.87 and has gained 3.34% of its market capitalization during the day’s trading session. Trading volume has increased by 21% intraday. This demonstrates that buyers are still present in the trade to push AAVE upwards. The volume-to-market cap ratio was at 8.10%.
Will Aave Price Maintain In the Recovery Phase?
Aave price prediction suggests the recovery phase of AAVE crypto towards a higher level over the daily time frame chart. Meanwhile, AAVE crypto needs to maintain the accumulation rate of buyers in order to continue the surge. Nevertheless, volume change can be seen above average which is better news for AAVE investors. AAVE crypto is trying to sustain at 20-EMA to recover towards 50, 100, and 200-day daily moving averages.
Aave price has experienced a 1.26% decrease over the past week and an 18.43% decline last month. Furthermore, AAVE cryptocurrency has seen a 2.00% drop in the past three months and a 27.26% decrease in the past six months. However, AAVE cryptocurrency registered a 3.97% increase year-to-date.
Technical indicators are signaling a positive trend for Aave cryptocurrency. Both the relative strength index (RSI) and the moving average convergence divergence (MACD) validate the ongoing upward momentum of AAVE crypto.
The RSI, which stood at 46, is attempting to move beyond a neutral position. Additionally, the MACD line has crossed above the signal line, indicating a bullish crossover. Those invested in AAVE cryptocurrency should exercise patience and monitor its performance to ensure it maintains support at the key resistance level.
Summary
Aave price prediction showcases the upside trend of AAVE crypto as it trades at the primary resistance level. Aave cryptocurrency is coming from the $51.42 level and may recover maximum if it sustains at the primary resistance level. Aave price has experienced a 1.26% decrease over the past week and an 18.43% decline in the last month. Technical indicators are signaling a positive trend for Aave cryptocurrency.
Technical Levels
- Support Levels: $52.80 and $52.15
- Resistance Levels: $54.00 and $55.05
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.
Nancy J. Allen is a crypto enthusiast and 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.
Source: https://www.thecoinrepublic.com/2023/09/12/aave-price-prediction-will-aave-sustain-here-or-get-detained/