$AEVO Technical Analysis ⬇️⬇️⬇️⬇️⬇️

Market Overview:

- Current Price: $1.04

- 24h Change: +13.00%

- 24h High: $1.127

- 24h Low: $0.915

- 24h Volume: 131.95M AEVO

Technical Analysis:

Moving Averages:

- EMA (7): $0.961

- EMA (25): $1.016

The price is currently above the EMA(7) and EMA(25), indicating a short-term bullish trend.

RSI (Relative Strength Index):

- RSI (6): 73.0

- RSI (12): 54.2

- RSI (24): 41.9

The RSI values indicate the asset is in the overbought territory, suggesting potential for a price pullback.

MACD (Moving Average Convergence Divergence):

- MACD Line: 0.050

- Signal Line: -0.081

The MACD line is above the signal line, indicating a bullish signal.

Support and Resistance Levels:

- Support: $0.70, $0.80, $0.90

- Resistance: $1.00, $1.10, $1.20

These levels indicate where the price might find support on the downside and resistance on the upside.

Predictions and Recommendations:

Short-Term Prediction:

- The price might continue to consolidate between the support level at $0.90 and the resistance level at $1.10.

- If the price breaks below $0.90, it might test lower support levels around $0.80 to $0.70.

- If the price breaks above $1.10, it could aim for the higher resistance at $1.20.

Trading Strategy:

- Buy: Consider buying if the price approaches the support level around $0.90 with a stop loss slightly below $0.80.

- Sell: Consider selling if the price nears the resistance level at $1.10 with a stop loss slightly above $1.20.

Summary:

The market for AEVO/USDT has experienced a significant price increase with high trading volume. The indicators suggest an overbought condition in the short term. Traders should watch for breakouts above $1.10 or breakdowns below $0.90 to make informed trading decisions.

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