The AAVE asset appears strongly bearish
The AAVE crypto price was in the bull court from September 2023 and skyrocketed from the price of $50.0 to 154 by March 13th, 2024. It performed well in the duration of the last six months, as its gains of six months performance stays at 52.21%, but last week, and month with a -14.36%, and -31.79% declined respectively, implying a robust downtrend.
However, the AAVE crypto has revealed a massive slump in price in the last couple of sessions and the price shows struggling signs of bulls and bearish dominance is extremely high. Contingent on seller pressure, the massive drop could shatter more support and could target $85 and $80 support on the daily chart.
The AAVE asset appears strongly bearish as it headed downwards after breaching the dynamic supports of 20-day and 50-day EMAs from above and this shows that depending on the seller's surge it has a massive room to fall.
Furthermore, the AAVE crypto asset could accelerate this ongoing bearish trend, if the price slips more of its ground support, and coincidingly the MACD has started to decline abruptly from the zero line which is at -2.90 and has cut the signal line sharply from above.
Meanwhile, the RSI has moved lower after beating the 14-SMA from above like a falling knife, a push from the bear side could accelerate more deterioration.
AAVE Price Forecast
At the time of publishing, the AAVE crypto is at $97.68 and shows an intraday decline of 2.40%.
Therefore, if the AAVE crypto fails to maintain the $85.0 price level, the price could show a spectacular drop. However, if the price manages to show a resurgence, the price could break out coin the upside and reach $110.0, and $120.0.
However, the AAVE crypto has revealed a massive slump in price in the last couple of sessions and the price shows struggling signs of bulls and bearish dominance is extremely high. Contingent on seller pressure, the massive drop could shatter more support and could target $85 and $80 support on the daily chart.
The AAVE asset appears strongly bearish as it headed downwards after breaching the dynamic supports of 20-day and 50-day EMAs from above and this shows that depending on the seller's surge it has a massive room to fall.
Furthermore, the AAVE crypto asset could accelerate this ongoing bearish trend, if the price slips more of its ground support, and coincidingly the MACD has started to decline abruptly from the zero line which is at -2.90 and has cut the signal line sharply from above.
Meanwhile, the RSI has moved lower after beating the 14-SMA from above like a falling knife, a push from the bear side could accelerate more deterioration.
AAVE Price Forecast
At the time of publishing, the AAVE crypto is at $97.68 and shows an intraday decline of 2.40%.
Therefore, if the AAVE crypto fails to maintain the $85.0 price level, the price could show a spectacular drop. However, if the price manages to show a resurgence, the price could break out coin the upside and reach $110.0, and $120.0.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.