AAVE shows that the price is steadily rising as the coin’s bullish streak makes noise in the market.
- The steady rise to $109 resistance is the current bullish sign for AAVE.
- At $113.50, the coin is facing a hurdle
- Support for AAVE/USD pairs is available at $97.91
The AAVE/USD price saw a boost of 12.02% compared to the figures yesterday as the market spikes to $109.99 from yesterday’s $105.
One-year AAVE resistance found at $113.50
CoinMarketCap reports that AAVE’s price has fallen by 0.8% to $109.87 at the time of writing. The token’s price faces resistance at $113.50 with the bulls trying to breach the target level. On the flip side, the market has spotted some support at $97.91 as the bulls were able to restore the token’s price up after it dropped below this range.
AAVE currently trades above $109, thanks to bulls pushing the price higher. With a market cap currently at $1.53billion, the 24 hour TVL for AAVE is $508million.
AAVE’s daily chart shows a dramatic and robust upswing seen in the past 24 hours. The market actually reached $113.50 high before being hit by massive selling pressure, which led to the plunge in price. But, bulls prevailed and the price shot past the $97.91 mark. It now trades at its ATH of $109.99.
AAVE Tries To Retest Above Resistance
The bulls have the potential to drive the price higher and this market is optimistic. MACD is extremely bullish, with its line exceeding the signal. RSI trades at 62.50, which is bullish.
The bulls are pushing AAVE’s price higher after each dip. This shows the market is moving in an upward direction. It’s all looking positive for Aave with the coin trading within the range of $109.99 to $113.50, with the bulls not able to move past $113.50. The support line for the market at $97.91 is currently in place.
Bulls are pushing AAVE higher, despite massive selling pressure. The market hopes to test the $113.50 resistance level, but bulls must regroup in order to break above this level.
AAVE Total Market Cap at $1.5 Billon on Daily Chart | Source: TradingView.com Featured image taken from Yahoo Finance.