- AAVE price prediction suggests that the token has broken out of the consolidation phase over the daily time frame chart.
- AAVE price has recovered above 20, 50 and 100-days Daily Moving Average.
- AAVE Cryptocurrency preparing for an upcoming rally during the year 2023.
AAVE price prediction suggests that AAVE crypto has just broken out of the consolidation phase over the daily time frame chart. However, AAVE crypto is facing sustainability issues above the consolidation phase. AAVE crypto needs to sustain at the current level in order to continue its recovery phase over the daily chart. Meanwhile, sellers are approaching to short the market for AAVE crypto to pull the token back inside the consolidation phase.
AAVE price was at $67.55 and has dropped around 0.34% of its market capitalization in the past 24-hour period. Trading volume can be seen under influence of sellers.
AAVE price prediction suggests that AAVE cryptocurrency is trying to sustain at the current level. Meanwhile, AAVE price has recovered above 20, 50 and 100-days Daily Moving Average. However, volume change can be seen below average and needs to grow in favor of buyers. AAVE crypto has been consolidating inside the price range of $53 and $65 over the daily time frame chart. AAVE cryptocurrency is said to be a better investment for cryptocurrency investors as analysts speculate that AAVE crypto may recover towards $100 during 2023.
Technical Indicators are Divergent for AAVE Price
AAVE price prediction suggests the return of AAVE crypto from the overbought territory. Technical indicators are pretty divergent over the price action of AAVE cryptocurrency over the daily time frame chart.
Relative Strength Index showcases the return of AAVE cryptocurrency from overbought territory. RSI is at 71 and is flat in the overbought territory. MACD exhibits the uptrend momentum of AAVE crypto. The MACD line is above the signal line after a positive crossover.
Summary
AAVE price prediction suggests that AAVE crypto has just broken out of the consolidation phase over the daily time frame chart. However, AAVE crypto is facing sustainability issues above the consolidation phase. AAVE crypto has been consolidating inside the price range of $53 and $65 over the daily time frame chart. Technical indicators are pretty divergent over the price action of AAVE cryptocurrency over the daily time frame chart. The MACD line is above the signal line after a positive crossover.
Technical Levels
Support Levels: $60 and $55
Resistance Levels: $70 and $85
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/01/13/aave-price-prediction-2023-way-to-go-for-100-aave-crypto-has-broken-out-of-the-consolidation/