AAVE Crypto: Aave Crypto Price Turns Bullish; What’s Next?

• 1 Aave crypto price is in bullish momentum making a higher high structure.
• 2 Aave crypto is above the key moving averages.

Aave price has been in a bull trend for the past few weeks. After breaking out, AAVE crypto price has been finding consistent support from the bulls from the trendline. The 200 EMA level has been acting as a crucial demand zone.

Aave price forecast suggests that the AAVE crypto is presently moving in an uptrend after breaking out of the key EMAs. The price is trading above the critical EMAs on the daily timeframe. The volume is seeing a slight incline which indicates that there is a rise in buying and selling activity.

If the price gains bulls’ support at the present level, it could surge in the next few weeks. The immediate support level is $60. The price movements are relevantly more stable for AAVE crypto than other major cryptocurrencies.

The bulls have an adequate probability of attaining the expected target if they are able to sustain the price above the 200 EMA which would put the anticipated outcomes in the bulls’ favor.

The present value of AAVE is $65.26 and it has a market capitalization of around $951.186 Million (press time).

Technical Analysis of Aave Crypto Price in 1-D Timeframe

Source: Aave.1D.USD by TradingView

Currently, Aave crypto (USD: AAVE) is above the 50 and 100-day EMAs (exponential moving averages), which are supporting the price momentum.

However, if buying volume counts up, then the price might support positive momentum by making higher highs and new highs. Therefore, Aave crypto price is anticipated to move upward giving bullish views over the daily time frame chart.

The current value of RSI is 00 points. The 14 SMA is above the median line at 65.88 points which indicates that the Aave crypto is bullish.

The MACD line at 2.37 and the signal line at 2.06 are above the zero line. A bullish crossover is observed in the MACD indicator which signals strength in the momentum of the AAVE crypto price.

Conclusion

Aave crypto technical oscillators also support the bullish trend. The MACD, RSI, and EMAs are emphasizing positive signs and imply that the uptrend may continue in the AAVE crypto price. Price action suggests that the investors and traders are bullish on the 1-Day time frame. The price action reflects a bullish perspective at the moment. However, investors and traders should wait for proper setup for the next move and avoid FOMO.

Technical Levels

• Support Levels: $60.00.
• Resistance Levels: $72.50

Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions

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