AAVE Price Prediction and Recommendation
Technical Analysis:
AAVE is currently trading at $189.34, with key technical indicators suggesting a mixed outlook:
- RSI (14): 46.05, indicating a neutral position but leaning towards oversold territory.
- MACD: Negative at -10.60, signaling bearish momentum.
- StochRSI (14): 93.44, suggesting overbought conditions.
- Bollinger Bands: Narrowing, indicating potential volatility.
Fibonacci Levels:
- Fibonacci R1: $184.53
- Fibonacci R2: $190.02
- Fibonacci S1: $166.77
- Fibonacci S2: $161.28
Price Prediction:
Given the current technical setup and Fibonacci levels, AAVE is expected to face resistance at $190.02. A rejection at this level could lead to a pullback towards $175.
Recommendation:
Sell AAVE at resistance levels ($190) with a target price of $175 for the next trading week.
AAVE Price Prediction and Recommendation
Technical Analysis:
AAVE is currently trading at $189.34, with key technical indicators suggesting a mixed outlook:
- RSI (14): 46.05, indicating a neutral position but leaning towards oversold territory.
- MACD: Negative at -10.60, signaling bearish momentum.
- StochRSI (14): 93.44, suggesting overbought conditions.
- Bollinger Bands: Narrowing, indicating potential volatility.
Fibonacci Levels:
- Fibonacci R1: $184.53
- Fibonacci R2: $190.02
- Fibonacci S1: $166.77
- Fibonacci S2: $161.28
Price Prediction:
Given the current technical setup and Fibonacci levels, AAVE is expected to face resistance at $190.02. A rejection at this level could lead to a pullback towards $175.
Recommendation:
Sell AAVE at resistance levels ($190) with a target price of $175 for the next trading week.