The Cryptos News | Daily Bitcoin News
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
The Cryptos News | Daily Bitcoin News
No Result
View All Result
Home Market Cap

AAVE Price Analysis: AAVE Coin is Facing Correction after Breaking out of this Falling

AAVE Price Analysis: AAVE Coin is Facing Correction after Breaking out of this Falling
Share on FacebookShare on Twitter


  • AAVE price is trying to sustain out of the falling wedge pattern over the daily price chart.
  • AAVE crypto is trying to sustain at 20 EMA and is still behind 50, 100 and 200-days Daily Moving Average.
  • The pair of AAVE/BTC is at 0.003043 BTC with an intraday gain of 1.46%.

AAVE price has escaped the falling wedge pattern over the daily price chart. However, it looks like AAVE bulls are trying to sustain at the current level and they are facing short-selling pressure. AAVE bears are trying to pull the token back inside the falling wedge pattern. AAVE investors need to wait for any directional change over the daily price chart.

AAVE price is currently CMP $58.59 and has gained 3.17% of its market capitalization in the last 24-hour period. The intraday trading session saw a 48% rise in trading volume. This demonstrates that bulls are attempting to accumulate so that they can susten AAVE coin out of the falling wedge pattern. Volume to market cap ratio is 0.1861.

AAVE coin price has finally broken out of the falling wedge pattern over the daily price chart. AAVE bulls have successfully registered the token’s recovery phase. However, the token still falters to sustain and looks like ite may end up getting stuck inside the falling wedge pattern. Meanwhile, volume change can be seen below average and needs to grow for AAVE to sustain at the current level. AAVE crypto is trying to sustain at 20 EMA and is still behind 50, 100 and 200-days Daily Moving Average.

Will AAVE bull sustain or get detained? 

AAVE price has escaped the falling wedge pattern over the daily price chart. AAVE bears are trying to pull the token back inside the falling wedge pattern. Technical indicators suggest the downtrend momentum of AAVE coin. Relative Strength Index showcases the downtrend momentum of AAVE coin. RSI is at 40 and is below neutrality heading towards oversold territory. 

MACD exhibits the struggling phase of AAVE out of the falling wedge pattern. The MACD line is ahead of the signal line and is approaching towards the signal line for a negative crossover. AAVE investors need to wait for any directional change over the daily price chart.

Conclusion

AAVE price has escaped the falling wedge pattern over the daily price chart. However, it looks like AAVE bulls are trying to sustain at the current level and they are facing short-selling pressure. However, the token still falters to sustain and looks like ite may end up getting stuck inside the falling wedge pattern. Meanwhile, volume change can be seen below average and needs to grow for AAVE to sustain at the current level. Technical indicators suggest the downtrend momentum of AAVE coin. The MACD line is ahead of the signal line and is approaching towards the signal line for a negative crossover. AAVE investors need to wait for any directional change over the daily price chart.

Technical Levels

Support Level: $55.00

Resistance Level: $65.00

Disclaimer 

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.      



Read More:AAVE Price Analysis: AAVE Coin is Facing Correction after Breaking out of this Falling

Tags: AaveanalysisbreakingCoinCorrectionFacingFallingprice
Previous Post

Celsius Beats Down Liquidation Price With $120 Million In Loan Repayments

Next Post

Market Impact Derails Crypto Tax Payments

Related Posts

Ripple’s Lawsuit: Why SEC Ignores Jed McCaleb? By DailyCoin

XRP Climbs 10% In Rally By Investing.com

by The Cryptos News
July 30, 2022
0

XRP Climbs 10% In Rally Investing.com - was trading at $0.40471 by 10:04 (14:04 GMT) on the Investing.com Index...

Crypto Markets Add $100 Billion Following the Fed’s 75 BPS Rate Hike (Market Watch)

by The Cryptos News
July 30, 2022
0

Unlike the previous Fed interest hikes, bitcoin went on a roll this time, adding over $2,000 in hours to...

Cardano (ADA) Becomes 7th Largest Cryptocurrency By Market Cap, Displacing XRP

Cardano (ADA) Becomes 7th Largest Cryptocurrency By Market Cap, Displacing XRP

by The Cryptos News
July 29, 2022
0

Regardless of the Cardano Vasil hard fork delay, ADA, the native token of the Cardano blockchain has flipped XRP...

Bloom (BLT) Do the Risks Outweigh the Rewards Friday?

Bloom (BLT) Do the Risks Outweigh the Rewards Friday?

by The Cryptos News
July 29, 2022
0

Bloom achieves a high risk analysis based on InvestorsObserver research. The proprietary system gauges how much a token can...

Next Post
Market Impact Derails Crypto Tax Payments

Market Impact Derails Crypto Tax Payments

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trending News

Payperless Crypto Wallet announced working on NFT tokens support

Payperless Crypto Wallet announced working on NFT tokens support

June 25, 2022
June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

July 14, 2022
Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

July 30, 2022
ADVERTISEMENT

Investment

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

July 30, 2022
Study up and become a more informed crypto investor with this bundle

Study up and become a more informed crypto investor with this bundle

July 30, 2022
Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

July 30, 2022
Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

July 29, 2022
$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

July 29, 2022

Prices

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

July 30, 2022
Tron price prediction as Unifi Protocol TVL explodes

Tron price prediction as Unifi Protocol TVL explodes

July 30, 2022
Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

July 30, 2022

Crypto Flipsider News – Crypto Market Rally; Nirvana (NIRV) Exploited; Vasil Delayed;

July 29, 2022

Trading

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

July 30, 2022
SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

July 30, 2022
Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

July 29, 2022
FTX wins full approval to operate crypto exchange in Dubai

FTX wins full approval to operate crypto exchange in Dubai

July 29, 2022
Crypto exchange Zipmex files for bankruptcy protection in Singapore

Crypto exchange Zipmex files for bankruptcy protection in Singapore

July 29, 2022
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA

© 2021 Thecryptosnews.com

No Result
View All Result
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading

© 2021 Thecryptosnews.com

wpDiscuz