At the time of writing AAVE is being traded at the rate of $264.74 with a decrease of almost 5% within the last 24 hours.
The low within this tenure was around $254.82 and the high was approximately $278.23. The coin as being in the watchlist of many traders makes it rank all the way up to number 49th according to the latest data released by coin market cap.
AAVE made its all-time high in the month of May 2021 where it reached an enormous amount of $668. At the moment it has a daily volume of $505,691,969 with an increase of about 4% within the last 24 hours. The total supply of AAVE is now around 16M and the circulating supply is also 12M. AAVE has a dominance of 0.16%.
The top exchanges for trading it are currently Binance, Huobi Global, KuCoin.
Technical Analysis – Aave
AAVE had been one of the bearish coins in the market. During the drop of BTC, it had been struck hard and had been damaged a lot. We can see that the drop in the price, had created a daily order block that has remained unmitigated to date. The price had dropped down really fast from where it had shown a reversal.
The price had created a cup and eventually rose back up and completed the pattern. At this point, the price of the coin stabilized above the support and flipped the supply and demand zone.
Now the price has been consolidating above the support. It looks like that that the cup and handle formation has been completed. At this point, the price of the coin is bullish and soon we can expect a move upwards which will tag the order block present above.
Price Prediction
AAVE has been one of the most successful and powerful coins. The people have gained a lot, based on this coin. In the long run, traders are highly bullish on the project. The price of AAVE has retraced back and is around the same price it had around the month of July 2021. According to the wallet investor, AAVE is a good investment. The price of the coin is to reach a value of $114.266 in a year. This means that wallet investors don’t think that AAVE is a good investment. But traders surely are bullish on the project.
