AAVE Price Plummets 12% Amid Selling Pressure
- Sharp Price Decline: AAVE experienced a 12% drop over the past 24 hours, falling to approximately $61.12, significantly undermining its recent recovery and pushing it further away from key resistance levels, indicating a persistent downtrend.
- Surge in Trading Volume: Trading volume surged by over 75.62% to around $474.4 million during the selloff, indicating high market participation; however, buyer activity failed to offset sell-side pressure, resulting in continued price declines.
- Oversold Technical Indicators: The relative strength index (RSI) for AAVE fell to 27.50, placing the token firmly in oversold territory, which could support a short-term recovery attempt, especially with liquidity clusters above current prices.
- Support Level Analysis: AAVE broke below the critical $87.60 support zone, with the next major support area near $50; if buyers cannot sustain a recovery, another test of this support level may determine the token's next major move.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MMT
Technical Sentiment Analysis for Momentum (MMT). As of , Momentum (MMT) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MMT 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, MMT 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 $-.
Momentum (MMT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.061 | 0.0801 | 0.0985 | 0.118 | 0.136 | 0.155 | 0.173 |
| Fibonacci | 0.0801 | 0.0944 | 0.103 | 0.118 | 0.132 | 0.141 | 0.155 |
About MMT
About the author
