- AAVE price is trading at $70.05 with a decline of -2.32% in the last 24 hours as per CoinMarketCap.
- The current AAVE ranking on Coingecko is #41 as of 10 July 2023 with a fully diluted valuation (FDV) of $1,125,476,736 as per CoinMarketCap.
- The current Volume/Market Cap ratio of AAVE is 0.0841.
The all-time high for AAVE is $661.69 and it is currently trading at a decline of -89.47% from the all-time high.
Aave crypto is the digital currency of the Aave network, a distributed platform for lending and borrowing crypto assets. The Aave network enables various features, such as instant loans, rate changing, collateral trading, and liquidity farming.
AAVE reached its peak value of $661.69 on May 18, 2021 (Over two years ago). The current value is -89.47% below the highest value ever and AAVE has declined by -1.09% in the past week. There has been an advance of +42.23% in the trading volume of AAVE resulting in $185.90M in the last 24 hours as per CoinMarketCap.
The Whales holding for AAVE is 63.7868% and the rest 36.2132% is held by others.
AAVE Technical Analysis
Source: AAVEUSD.COINBASE.1D by TradingView
AAVE has been trading within a channel and making higher highs in very recent times. This indicates that the buyers are in control and that the price may continue to rise until it breaks the channel resistance. AAVE could face some resistance at the higher level of the channel and if it breaks the channel then new higher highs can be seen in the market.
AAVE is trading higher than the 20 and 50-day Exponential moving average which suggests a short-term bullish momentum and a possible trend change if the price stays above the 50 EMA. AAVE could see a reversal of the downtrend if it breaks the 50 EMA Support.
AAVE is displaying a positive market mood as the RSI is over 50 and can stay there. This indicates that the demand is higher than the supply and that the price may keep going up. AAVE could encounter some obstacles at upper RSI levels, but the general direction is upward.
On the basis of current charts, we can see that the AAVE is trading in a channel and is making higher highs in very recent times and is trading in a bullish crossover and RSI is also trading above the 50 level, this denotes strength in the market but we cannot make any decision until the market breaks the channel.
- Support Level – 59.00 and 49.00
- Resistance Level – 77.00 and 92.00
The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.