Aave Declines, Vitals Levels To Keep An Eye On

Name	Symbol	Market	Market Cap ($)	Algorithm
Aave Token	AAVEUSD	Crypto	1,478,568,427	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Aave Token

AAVEUSD

Crypto

1,478,568,427

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	2.57	2.63%	100.31	100.34	100.39

Price Change

Price Change %

Current Price

Bid Price

Offer

2.57

2.63%

100.31

100.34

100.39

High Price	Low Price	Open Price	Prev. Close	52 Week Range
100.82	97.12	97.49	97.74	50.00 - 153.85

High Price

Low Price

Open Price

Prev. Close

52 Week Range

100.82

97.12

97.49

97.74

50.00 - 153.85

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	13:11:44	2.56	100.27	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

13:11:44

2.56

100.27

USD

Price x Volume	Volume	Base Symbol	Related Pairs
995,485.71	10,079.24	AAVE	AAVEEUR	AAVEGBP	AAVEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

995,485.71

10,079.24

Aave Declines, Vitals Levels To Keep An Eye On

28/02/2023 11:00pm

NEWSBTC

Aave Price noted a fresh decline on the daily chart as the coin slipped below the $80 price zone. Over the last 24 hours, the altcoin traveled south and lost 4.2% of its value. As anticipated, after the altcoin formed a death cross, where the long-term moving average crossed (200-Simple Moving Average) above the short-term moving average (50-Simple Moving Average), the altcoin registered another significant fall in price. The technical outlook also maintained bearishness on the daily chart. Buyers lost confidence after the coin failed to stay above the $80 mark, so demand did not rise. Another push from the sellers and the bears will be entirely back. Related Reading: Ethereum Whales Shake Off Market Uncertainty, Break 7-Year Accumulation Record The bulls could take charge even now if the altcoin moved above the immediate price ceiling. Broader market weakness might not let the major altcoins secure gains on their respective charts. The altcoin will continue to lose value on the daily chart if the price doesn’t manage to stop receding from the $78 mark. Aave Price Analysis: One-Day Chart The altcoin fell from the $80 mark and was exchanging hands at $79.40 at the time of writing. Aave was close to its support level of $78. Falling below that level will cause Aave to park at $74 and then at $64. Aave’s two crucial price floors stood at $78 and $64. The overhead resistance for Aave was $82 and then $89. If the altcoin breaches the $89 mark, the bulls will take over the market’s price action. The amount of Aave traded in the last session was red after the coin noted a fall in buying strength. Technical Analysis The Relative Strength Index slipped below the half-line to demonstrate bearishness in consonance. The presence of buyers was lower than that of sellers, according to the indicator. Buyers seemed to have lost confidence in the asset as Aave continued to trade in a range over the past two months. Aave price also fell below the 20-Simple Moving Average (SMA) line. This reading meant that sellers were driving the price momentum in the market. Only if Aave toppled over the $80 mark would the price of the asset move above the 20-SMA line, which would then start a recovery for the altcoin. At press time, the altcoin also formed sell signals, meaning the price could dip again soon. The Moving Average Convergence Divergence depicted red histograms underneath the neutral line indicating that traders could sell the asset. The indicator reads price momentum and trend reversals. Related Reading: Aave Might Retrace Further Due To This Formation On Its Chart The Chaikin Money Flow measures the number of capital inflows and outflows. The indicator remained above the zero line, implying that the capital inflows were still greater than outflows. The bears will remain in control of the price unless the altcoin takes its price above the 20-SMA line. Featured Image From UnSplash, Charts From TradingView.com

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AAVEUSD Aave Token