Aave Market Seems Ready to Continue Upward

The AAVE/USDT market appears to have rebounded off a psychological upper level. The ongoing session has registered a price increase of 3.88%. With these recorded gains, the token’s price has pushed through significant technical levels.

AAVE Statistics

Current Price: $261.77

Market Capitalization: $3.94B

Circulating Supply: 15.16M

Total Supply: 16M

CoinMarketCap Rank: 29

Key Price Levels

Resistance: $270, $300, $330

Support: $260, $230, $200

Aave Price Action Has a Bullish Stance

Previously, price activity in the AAVE/USDT market was lingering around key technical levels. However, the ongoing session has placed the token’s current price above the 9-day Exponential Moving Average (EMA) indicator line.

The Moving Average Convergence Divergence (MACD) lines are proceeding sideways. Similarly, the bars of the MACD indicator are now pale red and positioned below the equilibrium level, hinting that price action may be preparing to resume an upward trajectory.

AAVE Bulls Look Ready to Keep Going

On the Aave 4-hour chart, price action can be seen maintaining its base above the 9-day EMA line. The latest price candle stands above this EMA line, featuring a moderately sized body.

The MACD lines are turned sideways above the equilibrium level, and the terminal MACD lines appear to be converging for an upward crossover. Consequently, this market may break through the $270 price level. Traders may therefore aim toward the $275 mark.

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