AAVE Price Falls Below $100 Support Level
- Support Level Shift: AAVE is trading at $91.02 on April 9, having shifted from a multi-week support level to a confirmed resistance at $100, indicating a significant change in market sentiment that could lead to further declines.
- Deteriorating Technical Indicators: The 4-hour chart shows the Supertrend indicator in red at $87.36, with the MACD histogram at -0.85, suggesting that sellers are firmly in control of the market momentum, with a lack of reversal signals potentially exacerbating downside risks.
- Market Confidence Erosion: Aave founder Stani Kulechov noted that the protocol's risk infrastructure has historically processed over 1,200 payloads and 3,000 parameters without issues, but the exit of BGD Labs has heightened concerns about the upcoming V4 development cycle, potentially impacting investor confidence.
- Critical Support Analysis: If AAVE fails to reclaim $94.12 on a closing basis in the near term, $77.97 will become the primary downside target, while $51.38 represents a structural floor not seen in several years, highlighting the market's fragility.
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Technical Analysis for AAVE
Technical Sentiment Analysis for Aave (AAVE). As of , Aave (AAVE) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 2 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AAVE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AAVE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Aave (AAVE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 60.654 | 72.852 | 84.444 | 96.642 | 108.234 | 120.432 | 132.024 |
| Fibonacci | 72.852 | 81.94 | 87.554 | 96.642 | 105.73 | 111.344 | 120.432 |
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