Aave is currently valued at $110.27, with around $244.100 million traded in the past day. Trading activity rose by 10%, boosting AAVE’s price by over 4.5%.
In the last week, AAVE price climbed by about 12.38%, and over the past month, it saw an increase of more than 8%.
Traders and investors are questioning whether this rise is due to speculation or if something significant is happening behind the scenes. It’s wise to watch the AAVE market closely. This article delves into what could unfold with AAVE in the weeks ahead.
Aave (AAVE) Statistics:
•Aave Price – $110.27
•Market cap – $1.643 Million
•Circulating supply – 14,905,041 AAVE
•Total supply – 16,000,000 AAVE
•CoinMarketCap ranking – 47
AAVE price prediction: Moving averages and Key levels
Check out the daily chart for essential insights. AAVE’s price might hit resistance at $118.33. If it breaks through, the price could climb higher. But if it doesn’t, it might drop to around $99.26, which is a support level.
Keep these points in mind when checking the chart: potential resistance around $118.33 and $132.11, and possible support at $99.26 and $88.37.
If the price stays above the 50 and 200-day moving averages, it could continue to rise and possibly reach $112 or higher soon.
With the RSI for AAVE above 59, there’s a chance the price could go up in the next few sessions. The combination of the 50 and 200-day moving averages and the RSI around 59 suggests AAVE’s price might see further gains. For a longer-term view, keep an eye on the resistance at $118.33 and the RSI-14.
If the price breaks through the first resistance level and the RSI-14 climbs higher, the price could rise even more. Using stop-loss orders is a smart way to protect your investment from significant losses.
