Aave

Token

The post <a href="https://coinpedia.org/price-analysis/aave-price-maintains-bullish-sentiment-a-15-imminent-for-aave-token-this-week/">AAVE Price Maintains Bullish Sentiment! A 15% Imminent For Aave Token This Week?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Despite the crypto industry trading sideways, the AAVE price has recorded a jump of over 5% in valuation within the past 24 hours, resulting in it securing a spot in the top gainers list for the day. 
The AAVE token price traded in a closed range between $99 and $104.32 for a brief period, following which the market gained momentum, resulting in the bulls breaking out of the range. The Aave price jumped over 27% in value before facing rejection at $125.77. 
After this, the <a href="https://coinpedia.org/price-prediction/aave-price-prediction/">Aave price</a> started trading under a bearish influence and recorded a correction of 13%. The price then traded in a consolidated range between $109.29 and $119.08 for about a week. The bulls made multiple attempts to hold the price above the support level of $109.29, but the bears overpowered the bulls, resulting in a price breakdown. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/nhKSzm3R6RVgpSf4y1qjs6heMftn4yAW85RROFKV4VbOjg8JQvDdJzBd2_mjTtulTlfKHga4w6NaqxGMeNYUrXYJsQs6SUDfWrFRfstvDDYfs87OLStTJyMJWUxd9sZLXg6kFanur56d6coaPNtUKcM" alt="AAVE Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: AAVE/USDT
 </figcaption>
</figure> 
The AAVE token price experienced another loss of 13.06%, following which the price traded sideways in a closed range between $99 and $104.32 for a while. After testing its crucial support of $91.13, the bulls regained momentum and jumped over 30% in valuation. 
Despite the AAVE token experiencing a Golden Cross, the price displayed a negative trend reversal and recorded a correction of approximately 17%. Recently, the bulls regained momentum and successfully broke out, but the rally was short-lived as the price faced rejection at $109.29. 
Currently, the price is trading in a closed range between $104.32 and $109.29 and is predicted to undergo massive price action soon, of which the result is uncertain.&nbsp; 
<h2 class="wp-block-heading" id="h-will-aave-price-regain-value">Will AAVE Price Regain Value?</h2> 
The Relative Strength Index (RSI) displays a bearish curve in the chart, highlighting increased selling pressure in the market. Further, the averages show a neutral trend, suggesting uncertainty in the future price action of the AAVE price. 
If the market holds the price above the support level of $104.32, the AAVE price will test its resistance level of $109.29 soon. Maintaining the price at that level will set the stage for the Aave token price to attempt to test its upper resistance level of $114 this week. 
Negatively, if a trend reversal occurs, the bulls will lose their $100 mark and the price will fall to test its support level of $99. Moreover, if the bears continue to hold power, the price will further plunge and test its lower support level of $91.13 by the coming week. 
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AAVE Price Maintains Bullish Sentiment! A 15% Imminent For Aave Token This Week?

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