Recent price action from Aave price analysis shows that altcoins are still enjoying some bullish momentum. The market has been shedding tears over the past few days as the bulls seem unwilling to relinquish control of the market.

The AAVE/USD price has risen by more than 3.70% over the past 24 hours and is currently trading at $88.74. The coin has a market capitalization of $1.22 billion and is ranked 17th on CoinMarketCap. The coin has a 24-hour trading volume of $126.81 million.

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Aave price analysis on 1-day price chart: Bulls make a successful comeback

1-day Aave price analysis confirms today’s bullish trend as the coin’s value has improved significantly. While the coin’s value has suffered before, today the price action has picked up and the price trend Efforts on the part of the buyers have been commendable and sustained as the line is rising.

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AAVE/USD 1-day price chart, source: TradingView

The Moving Average (MA) score, currently at $84.05, is very supportive and buyers are trying to keep the price around this level. The 1-day chart has relatively high volatility, with the top of the Bollinger Bands at $88.94 and the bottom of the Bollinger Bands at $82.32. Today’s improved Relative Strength Index (RSI) score has reached index 62 and will continue to improve if market buying activity continues.

AAVE/USD 4-Hour Price Chart: Cryptocurrency Crosses Hurdle to $87.80

The 4-hour Aave price analysis favors the bull side as the AAVE/USD value has detected significant gains in the last few hours. So far, the progress has been fascinating. Due to the bullish trend, the price has risen to $87.80 in the last four hours. Overall, price action has turned upwards over the last 12 hours.

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AAVE/USD 4-Hour Price Chart, Source: TradingView

At the same time, the moving average is trading just above the current market value at $85.69, indicating that the short-term bullish trend is likely to continue in the market. The Bollinger Bands are very volatile these days as the top of the Bollinger Bands and the bottom of the Bollinger Bands are widening. The RSI indicator is currently at 63 and is trending upwards, indicating that buying activity in the market is likely to continue.

Aave price analysis conclusion

Aave price analysis concludes that AAVE price is currently trading bullish and is likely to move higher in the short term as the bulls continue to dominate the market. A breakout of the $88.94 resistance level is needed to confirm the continuation of the uptrend.

Disclaimer. The information provided is not trading advice. accepts no liability for investments made based on information provided on this page. Independent research and/or consultation with a qualified professional is strongly recommended before making any investment decision.

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