- Aave coin rally can soon hit the $400 mark, forming a bullish engulfing candle with lower volume activity.
- The crypto asset is trying to gain momentum after a good sideways action and heading towards the major supply zone.
- The pair of AAVE/BTC is trading at 0.005363 BTC with an intraday gain of +9.12%, and the ratio of AAVE/ETH is CMP at 0.08 ETH with a 24-hour change +6.93%.
Aave coin over the monthly chart is trying to move towards the higher, after a slight recovery from the lower levels. Meanwhile, the volume activity over the diagram is a little lower and needs to grow strongly for the next lap of bullish rally till $400. At the same time, the crypto asset is trying to suppress all significant moving averages of 20, 50, 100, and 200-day lines, with low volume. The sustainability, above all major moving averages with supportive volume activity, will favor Bulls to get charged over Bears.
AAVE token at the higher side can face slight resistance around $410 to $450 in upcoming trading sessions. Support on the lower side is $287 and $271, whereas resistance on the higher side is $379 and $418.
Aave coin over the weekly chart is projecting a sharp upsurge, with a slight volume increment
Aave coin over the weekly chart is projecting a sharp upsurge, with a slight volume increment. Meanwhile, the technical parameter tests the overbought zone, with a good recovery from the lower levels. In the current situation, the bulls can take profit and wait for a dip to re-enter. Volume over the chart is lower and needs to improve sharply for sustainability on the higher side. AAVE price is trading at $336 with an intraday gain of +8.86%, and the volume to market cap ratio is 0.074.
Relative Strength Index (CAUTION): Aave coin RSI is heading towards the higher or overbought zone at the weekly chart. In contrast, the coin is trading near the rejection zone of the chart pattern and projects slight caution with longs, RSI at 67.
Moving Average Convergence Divergence (BULLISH): The daily chart projects a positive trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) overpower the seller’s line (red) with a positive move.
Support levels: $287 and $271
Resistance levels: $379 and $418.