Cryptopolitan
2021-09-17 05:17:28

Aave price analysis: Bears stop bullish trend to keep AAVE below $394

TL;DR Breakdown The Aave price analysis reveals the latest trend has been bearish.Bears have drawn the price levels to $393.66.Support is consistently present at $296. The Aave price analysis is showing that a pressure is building up today from the bearish side. This has been quite interesting as the market has followed the bullish trend through out the past week. Yet, the tides have turned today as the bears are hindering Aave price from going above the $394 level. There have been sudden variations in the trends as well where bulls have been able to take hold of the market in the past four hours. AAVE/USD 1-day price chart: Bears persistent towards keeping price under $394 range The given one-day Aave price analysis is giving an edge to the bears today, as the AAVE/USD is correcting today after the bullish spikes of yesterday and the day before. The past week proved extremely successful for the buyers as the price levels kept touching new high points. Today’s trend has been different as the bears have established their supremacy once again. The price has lowered to $394.13 in the last 24-hours, whereas the moving average (MA) has been at $351 consistently. AAVE/USD 1-day price chart. Source: TradingView The volatility for the given price chart is on the increase, as the Bollinger bands are covering more and more area. This is why their upper value is now $439 whereas their lower value is present at $303.2, at the time ...

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