Cryptocurrency AAVE (Aragon Autonomous Vault) has been demonstrating resilience despite market downturns. It recently displayed a 15% increase from its previous low, forming a double bottom bullish pattern and also trading above the 50 day EMA. It's traded at $76.0 with a 24 hour volume to market cap ratio of 0.057 and climbing the intraday rise of 3.12%.

It is showing bullish signs of recovery, with buyers actively pushing the price up near the demand zone, confirming with a bullish hammer-candle formation. The AAVE/BTC pair is trading at 0.002684, with a 1.09% intraday rise. This market is expected to break the $82.00 hurdle, backed by technical indicators.

At the beginning of March, the price dropped below the 50 and 200 day EMA, resulting in minor profit-booking levels. Further declines were witnessed, setting the low at $63.90. It was during the mid of March that the global sentiments started to improve, leading to a boost in the price. Unfortunately, the momentum did not pick up due to the 50 day EMA acting as an immediate hurdle for the bulls.

It is expected that the price will be sustained above the $65.00 support level for further upward range expansion in the coming months. Moreover, technical analysis suggests that the momentum will be successful should the price break past the $82.00 resistance.

The RSI at 52 is trading in a neutral zone, while the MACD has generated a positive crossover and histogram bars are on rise, furthering the bullish stance. Both the supports and resists levels for this market stand at $50.00 and $95.00 ($65.00 and $82.00 respectively).

Investing in cryptocurrency is a high-risk venture and one must exercise caution before taking the financial plunge. It is advised to not formulate decisions based on sentiments, rather back them with thorough research and analysis. With its current momentum, AAVE might be a profitable investment provided the prevailing market conditions are assessed carefully.



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