AAVE Slowly Climbs To $109, Resistance At $113 Looms
12 Août 2022 - 3:40PM
NEWSBTC
AAVE shows that the price is steadily rising as the coin’s bullish
streak makes noise in the market. AAVE price is raging bullish
today with its steady climb to $109 resistance level The coin faces
hurdle at $113.50 AAVE/USD pair support is spotted at $97.91 The
AAVE/USD price saw a boost of 12.02% compared to the figures
yesterday as the market spikes to $109.99 from yesterday’s $105.
Related Reading: Cosmos Hub Soars Over 5% Within 24 Hours – ATOM Up
13% In Last Week AAVE Resistance Spotted At $113.50 According to
CoinMarketCap, AAVE has plunged by 0.18% as it trades at $109.87 as
of this writing. The token’s price faces resistance at $113.50 with
the bulls trying to breach the target level. On the flip side, the
market has spotted some support at $97.91 as the bulls were able to
restore the token’s price up after it dropped below this range.
AAVE is currently trading right above the $109 zone, as the bulls
managed to push the price up. The 24-hour TVL for the coin sits at
$508 million with a current market cap of $1.53 billion. AAVE’s
daily chart shows a dramatic and robust upswing seen in the past 24
hours. In fact, the market was able to reach a high of $113.50
before it faced some gigantic selling pressure that caused the
price to plunge. However, the bulls were able to push the price
shooting above the $97.91 market, and it now trades near its ATH of
$109.99. AAVE Tries To Retest Above Resistance The market is
largely optimistic and is set to skyrocket in the near term as the
bulls are able to push the price up. MACD looks extremely bullish
with it line overshooting the signal like. RSI also shows its
bullish steak as it trades at 62.50. With the bulls pushing the
price up after every dip, AAVE price shows that the market is
swerving for an uptrend. It’s all looking positive for Aave with
the coin trading within the range of $109.99 to $113.50, with the
bulls not able to move past $113.50. Currently, the market has
locked in some strong foothold at $97.91, which acts as support
line. AAVE price is looking positive with bulls pushing the price
higher despite the massive selling pressure. More so, the market is
hoping to retest at the key resistance of $113.50 but the bulls
will have to regroup to enable a breach above that level. Related
Reading: Polygon Maintains Solid Footing As MATIC Balloons By 300%
Since June AAVE total market cap at $1.5 billion on the daily chart
| Source: TradingView.com Featured image from Yahoo Finance, Chart
from TradingView.com
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