Aave Price Prediction for Today, June 29: AAVE/USD Faces the Resistance Level of $70

Updated: 06 June 2024

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The Aave price prediction shows that AAVE is likely to break above the channel as the coin is ready for a spike above $70.

Aave Prediction Statistics Data:

Aave price now – $63.5
Aave market cap – $905 million
Aave circulating supply – 14.4 million
Aave total supply – 16 million
Aave Coinmarketcap ranking – #43

AAVE/USD Market

Key Levels:

Resistance levels: $78, $80, $82

Support levels: $50, $48, $46

Aave Price Prediction for Today, June 29: AAVE/USD Faces the Resistance Level of $70 — AAVEUSD – Daily Chart

AAVE/USD is refreshing to a new high after touching the daily high at $67.1. The coin is currently trading at $63.5 with a bullish crossover and trend the intraday. Today, the Aave price is crossing above the 9-day and 21-day moving averages as the higher resistance is expected at the $70.0 resistance level.

Aave Price Prediction: Aave Price Ready to Spike

At the time of writing, the Aave price is likely to increase the bullish movement if the price crosses above the upper boundary of the channel. Currently, the technical indicator Relative Strength Index (14) is moving to cross above 60-level at the moment and may likely send bullish signals to encourage more buyers to enter the market.

Meanwhile, if the 9-day MA slides below the 21-day MA, the coin may visit the downside and the price could hit the support levels at $50, $48, and $46 respectively. Moreover, if the technical indicator Relative Strength Index (14) crosses above the 60-level, there may be a strong bullish movement which could push the market to the resistance levels of $78, $80, and $82.

Against Bitcoin, Aave (AAVE) is trading above the 9-day and 21-day moving averages as the price makes a retreat back below the daily high of 2183 SAT. However, the fact that the market remains in the descending channel, the crypto is likely to cross below the 9-day and 21-day moving averages.

Nevertheless, if the buyers push the market price above and cross the upper boundary of the channel, AAVE/BTC may touch the resistance level of 2500 SAT and above. On the other hand, strong selling pressure could bring the price below the moving averages, and this could attract new sellers coming into the market with the next focus on the support level of 1600 SAT and below while the technical indicator Relative Strength Index (14) moves to cross above the 50-level.

Aave Alternatives

The Aave price has remained relatively strong as the coin begins the journey to the upside gradually. At the moment, the movement to a downward trend has been cut short as revealed by the technical indicator. In the early hours of today, AAVE/USD touches the low of $58.9 but still maintains the bullish movement.

Nonetheless, Wall Street Memes (WSM) is breaking all records with its presale and is on its way to becoming one of the biggest tokens of this year. Despite being launched a few weeks ago, this token has achieved an astounding milestone by raising almost $12 million in its presale.

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