Aave price analysis shows that the coin is in a bullish trend as it continues to swing. The price is climbing above $86.48, which is the upper limit of the ascending triangle pattern. This indicates that the bulls are in control of the Aave market and are likely to push the price towards the next resistance level at $87.90. However, if the bears take control of the market, the price is likely to find support at $80.86.
The digital asset is currently trading at $86.48 and is up by 6.46 percent on the day. The Aave market has a total market capitalization of $1,208,848,127, and its trading volume over the past 24 hours is $$144,685,064.
Aave price analysis on a 1-day price chart: Bullish rally takes price beyond $87.00 fence
The daily Aave price analysis shows that the market is in a bullish trend as it records a higher high and a higher low. The price also broke out of the descending triangle pattern to the upside, which is a bullish signal. The last 24 -hours have been bullish for the market and are likely to continue if the price can sustain above $86.48.
The moving average (MA) score, which is currently $84.05, is expected to rise and provide support for the market as the bulls push the price towards $87.90. The Relative Strength Index (RSI) is above 50 levels and is currently at 73.00. This indicates that the market still has room to rise as the bulls take control of the Aave market. The Bollinger bands are both contracted and are close to each other, indicating low volatility in the market.
Aave price analysis 4-hour price chart: Recent developments
The hourly Aave price analysis shows that the market is in a bullish trend as the buyers push the price above the $86.48 mark. The bulls have been dedicated to rewin their leading position over the market, and so far, their progress has been fascinating.
The moving averages are currently sloping upwards, which is a bullish sign. The Relative Strength Index (RSI) in a 4-hour timeframe is at 70.00 and indicates that the market is overbought. The bulls may need to take a break to allow the market to correct for a while before they can continue their journey towards $87.90.The upper Bollinger band is currently at $87.21, and the lower Bollinger band is at $85.84.
Aave price analysis conclusion
The one-day and four hours Aave price analysis shows that the market is in a bullish trend. The bulls have taken control of the market, and they are likely to push the price towards $87.90. However, if the bears enter the market, AAVE/USD may find support at $80.86.
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