Aave Price Analysis – July 15
The Aave price has been showing a remarkable improvement since the past few days of trading.
Resistance levels: $150, $160, $170
Support levels: $40, $30, $20
AAVE/USD is currently heading above the 9-day and 21-day moving averages as the coin moves to cross above the upper boundary of the channel. However, the signal line of the technical indicator Relative Strength Index (14) is preparing to cross above the 70-level, suggesting more bullish movements in the market.
Aave Price Analysis: What to Expect from Aave (AAVE)
If the Aave price maintains its bullish trend by crossing above the upper boundary of the channel, bulls could push the coin to hit the resistance levels of $150, $160, and $170. Meanwhile, the price of Aave may show a fluctuating movement along with the daily chart if the coin fails to cross into the upside. However, this could return AAVE/USD to the support levels at $40, $30, and $20 respectively.
AAVE/BTC Market: Price Heads to the Upside
Against Bitcoin, the coin is trading above the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) moves into the overbought region, which could increase the bullish movement of the coin. On the contrary, a possible drop may surface once the price drops and face the lower boundary of the channel, any further bearish movement may hit the critical support level at 3500 SAT and below.
However, bulls may push the price above the upper boundary of the channel. Meanwhile, if the bulls continue to move in this way, AAVE/BTC could hit the resistance level of 5500 SAT and above. More so, the trading volume is coming up tremendously and may continue to climb higher as much as the technical indicator keeps the bullish movement.