AAVE Price Prediction: Is AAVE Poised For an Uptrend Ahead ?

#BullorBear #BinanceLaunchpool #Memecoins #WIF #SHIB The AAVE price showcased buying momentum and is poised for an uptrend ahead. The trend is bullish, and the AAVE token will continue to spray the gains and may soon retain the upside round mark of $150. The price action displayed a rounding bottom formation, and the token is awaiting a significant pullback from the 100-day EMA mark. Amidst the crypto market downturn, the AAVE token regressed only by 15% and remained in the bullish region.

At press time, the Aave token (AAVE) price was trading at $115.67 with an intraday gain of 1.57%, reflecting neutrality on the charts. It has a monthly return ratio of -17.89% and 58.90% on a yearly basis. The pair of AAVE/BTC is at 0.00170 BTC, and the market cap is $1.74 Billion. Analysts are neutral and suggest that the AAVE token price may deliver an uptrend ahead and may retain the upside of $150 soon.

The AAVE price signifies a bullish trend and a healthy retracement to the 100-day EMA was made, and the token may resume the bullish waves ahead. The trend favors buyers, and the token may retain the upside of $150 soon. The intraday trading volume jumped over 2.37% to $80.41 million, which depicts average investor interest.

The price volatility showcased average and stayed in the lower region, noting around 0.01 signifies low volume buying. Similarly, the total weighted sentiment remained in the negative region, around -0.747, replicating an adverse outlook.

The Social dominance activity noted a surge of over 12% and jumped to 0.066% in the intraday session. However, the amount of holders noted a consistent up move and reached $166k this week.

Per the Sanitment data, the development activity noted a decline of over 15% and dropped to 19.1 this week. However, the derivative data signifies a long buildup and the open interest rose by over 3.38% to $70.12 million in the last 24 hours.

the AAVE price has slipped to the 38.2% zone and is trading in the mid Bollinger Band region near the support zone of $110.