Current Market Status:
Price: $375.21 USD (+8.5% in the last 24 hours) ๐
Market Cap: $5.4 billion USD ๐ฐ
24h Trading Volume: +35.6% increase ๐
๐ Technical Insights:
๐ Moving Averages:
AAVE is trading above its 10-day and 50-day moving averages, signaling a strong bullish trend. ๐
๐ RSI (Relative Strength Index):
RSI sits at 62.67, approaching overbought territory, suggesting caution for potential pullbacks. โ ๏ธ
๐ Trading Volume:
A sharp +35.6% increase in trading volume signals strong investor confidence. ๐ฅ
๐ฏ Key Levels:
Support: $318 USD
Resistance: $400 USD
AAVE is holding strong above key moving averages with robust trading volume. ๐ The $400 resistance level is the next big test โ a breakout could open the door for further upside. ๐ However, RSI suggests we might see some consolidation before the next leg up.
For now, AAVE remains a standout in the DeFi sector and is worth keeping on your radar! ๐๐ฅ