Aave Rebounds Testing Key Resistance Level

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 hours ago

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Price Recovery: Aave (AAVE) rebounded 17% from a Wednesday low of $72 to around $82, recovering nearly all losses from the previous session, indicating a resurgence in market sentiment and buying interest.
Key Resistance Testing: The current price is approaching the descending trendline resistance at $85, with traders closely monitoring this level; a breakout could confirm a larger trend reversal, with potential targets at $102 and $132.
Momentum Indicators Improvement: The daily RSI has risen above 60, and the MACD has completed a bullish crossover, suggesting increased buyer control, which may continue to drive prices higher in the short term.
Liquidity Enhancement: Fresh USDT deposits into Aave's lending markets have increased available liquidity, supporting borrowing activity and reinforcing investor confidence in this decentralized finance platform, indicating that the market is attracting new capital inflows.

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Technical Analysis for AAVE

Technical Sentiment Analysis for Aave (AAVE). As of , Aave (AAVE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 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	54.437	62.488	69.107	77.158	83.777	91.828	98.447
Fibonacci	62.488	68.092	71.554	77.158	82.762	86.224	91.828

About AAVE

Aave is a decentralized finance protocol that allows people to lend and borrow crypto.Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!)AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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