Will AAVE Surpass $70 or Drags With Channel?
The post Will AAVE Surpass $70 or Drags With Channel? appeared on BitcoinEthereumNews.com. AAVE price is trading close to the make or break zone near $70 and the 200-day EMA. Moreover, the price action shows that buyers are willing to surpass the 200 day EMA and are likely to reach $100 in the upcoming sessions. However, bulls must gain aggressive momentum to trap the bears for the initiation of a rally. In contrast, if sellers arise, AAVE price may retest the immediate support zone of $60. Furthermore, the chart shows that AAVE exited the correction phase and is heading for the $80 level. Amid the bearish market sentiments, AAVE price held the momentum and the demand zone at $50 which is a positive sign for the long term. AAVE made a double bottom pattern near $50 and rebounded vertically may extend to $70, followed by $80. Despite rejection at the 200 day EMA barrier, bulls held the gains and tried to escape the zone. AAVE price is close to the trendline of $68 and is inside the falling channel. However, the price action did not showcase a lower low yet, signaling a strong bounce. At press time, AAVE price was $66.39 with an intraday gain of 6.94% showing buying interest in the yesterday’s trading session. Moreover, trading volume increased by 5.89% to $131.97 Million and the pair of AAVE/BTC is at 0.00222 BTC. However, the market cap of AAVE is $979.59 Million. Additionally, analysts maintained a neutral rating and suggest a growth outlook. Will AAVE Exit the Channel Highs of $70? Source: AAVE Price Chart At TradingView On the daily charts, AAVE price is near the 200 day EMA barrier and buyers are showing their willingness to escape the immediate hurdles. AAVE price is trading close to the 50% Fibonacci retracement zone and is close to the mid bollinger band. The RSI curve…
The post Will AAVE Surpass $70 or Drags With Channel? appeared on BitcoinEthereumNews.com.
AAVE price is trading close to the make or break zone near $70 and the 200-day EMA. Moreover, the price action shows that buyers are willing to surpass the 200 day EMA and are likely to reach $100 in the upcoming sessions. However, bulls must gain aggressive momentum to trap the bears for the initiation of a rally. In contrast, if sellers arise, AAVE price may retest the immediate support zone of $60. Furthermore, the chart shows that AAVE exited the correction phase and is heading for the $80 level. Amid the bearish market sentiments, AAVE price held the momentum and the demand zone at $50 which is a positive sign for the long term. AAVE made a double bottom pattern near $50 and rebounded vertically may extend to $70, followed by $80. Despite rejection at the 200 day EMA barrier, bulls held the gains and tried to escape the zone. AAVE price is close to the trendline of $68 and is inside the falling channel. However, the price action did not showcase a lower low yet, signaling a strong bounce. At press time, AAVE price was $66.39 with an intraday gain of 6.94% showing buying interest in the yesterday’s trading session. Moreover, trading volume increased by 5.89% to $131.97 Million and the pair of AAVE/BTC is at 0.00222 BTC. However, the market cap of AAVE is $979.59 Million. Additionally, analysts maintained a neutral rating and suggest a growth outlook. Will AAVE Exit the Channel Highs of $70? Source: AAVE Price Chart At TradingView On the daily charts, AAVE price is near the 200 day EMA barrier and buyers are showing their willingness to escape the immediate hurdles. AAVE price is trading close to the 50% Fibonacci retracement zone and is close to the mid bollinger band. The RSI curve…
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