Aave

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Aave price prediction suggests the consolidation after slipping from the $75.38 mark.</a> </li> 
 <li> <span>2</span> <a>AAVE crypto dropped below 20, 50, 100 and 200-days daily moving averages.</a> </li> 
 <li> <span>3</span> <a>Aave cryptocurrency has gained 21.87% year to date.</a> </li> 
</ul> 
<p>Aave price prediction showcases the struggle of AAVE crypto to sustain and rebound from the lower level over the daily time frame chart. Meanwhile, AAVE crypto dropped from the $75.38 mark on July 30th and has been consolidating to sustain since then. AAVE crypto price needs to attract buyers in order to surge above the primary resistance level near the $70 mark. However, sellers have been pulling AAVE crypto towards the lower level.</p> 
<p>Aave price was at $63.37 and has lost 1.20% of its market capitalization at the time of writing. However, trading volume gained 6.66% during the intraday trading session which demonstrates that buyers are trying to push AAVE crypto upwards. Volume to market cap ratio was 9.77%.</p> 
<h2 class="wp-block-heading" id="strong-aave-price-will-be-oversold-soon-rsi-strong"><strong>AAVE Price Will Be Oversold Soon – RSI</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/KESjFpMD1IqmWfat0Y3tP11fuuq1nq8E-5SZ3DQgwQul0RnZpb0-3rhWN6PVywD0_uuIB_VFL5C7LD-hDq0fxOi7UHiNqaMwPcI4synnX8NX9F1wgAzykAfR7-z5QOcI2eMv-gmpRha7ieMQ4yh5HQ" alt="Aave Price Prediction: Will AAVE Rebound or Slump More?"> 
  <figcaption class="wp-element-caption">
    Source: AAVE/USD by <a href="https://www.tradingview.com/x/q0gEXXfe/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Aave price prediction highlights the sustainability issues of AAVE crypto at the current level to revert the trend over the daily time frame chart. However, volume change is below average and needs to grow in favor of buyers so that AAVE crypto price can initiate its recovery phase. Meanwhile, Aave price prediction showcases the struggle of AAVE crypto to sustain and rebound from the lower level over the daily time frame chart.</p> 
<p>Furthermore, the price of AAVE cryptocurrency experienced a decline of approximately 13.14% in the past week and 15.25% over last month. Additionally, it has seen a decrease of 9.50% in the last three months and a decrease of 26.16% in the last six months. However, it is worth noting that AAVE has shown a positive trend in 2023, as it has gained around 21.87% year to date, indicating a promising performance for the year.</p> 
<p>Technical indicators suggest the decline momentum of AAVE crypto price. Relative strength index (RSI) suggests that AAVE may be oversold soon. Meanwhile, moving average convergence divergence (MACD) confirms the slippage of AAVE <a href="https://www.thecoinrepublic.com/2023/08/03/btc-quant-and-iota-price-prediction-aug-2023-whats-new/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a>.</p> 
<p>RSI was at 38 and is heading towards the oversold territory. The MACD line is below the signal line after a negative crossover. Investors in AAVE cryptocurrency need to wait for any directional change over the daily time frame chart.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong>&nbsp;</h4> 
<p>Aave price prediction showcases the struggle of AAVE crypto to sustain and rebound from the lower level over the daily time frame chart. Volume change has been below average. Furthermore, the price of AAVE cryptocurrency has experienced a decline of approximately 13.14% over the past week and 15.25% over the last month. Technical indicators suggest the decline momentum of AAVE crypto price. Investors in AAVE cryptocurrency need to wait for any directional change over the daily time frame chart.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<p><strong>Support Levels:</strong> $62.65 and $60.00</p> 
<p><strong>Resistance Levels:</strong> $70.00 and $75.00</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Aave Price Prediction: Will AAVE Rebound or Slump More?

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Thecoinrepublic.com

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