AAVE price started a major increase from the $65 support zone. It is up nearly 20% this week and might extend gains above the $85 resistance.<\/p>\n
AAVE price gained pace after it surpassed the $75 resistance against the US dollar.
\nThe price is trading below $85 and the 100-day simple moving average.
\nThere was a break above a major bearish trend line with resistance at $75 on the daily chart of the AAVE\/USD pair (data source from Kraken).
\nThe pair could continue to rise and might soon test the $100 resistance zone.<\/p>\n
AAVE Price Starts Fresh Increase<\/p>\n
After a steady decline, AAVE price found support near the $65 zone. The price formed a base above the $65 level and started a steady increase.<\/p>\n
There was a clear move above the $72 and $75 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $116 swing high to $65 low. Besides, there was a break above a major bearish trend line with resistance at $75 on the daily chart of the AAVE\/USD pair.<\/p>\n
The price is now trading near the $85 resistance and the 100-day simple moving average. It is also showing positive signs, outperforming bitcoin<\/a> and ethereum<\/a>.<\/p>\n <\/a><\/p>\n Source: AAVEUSD on TradingView.com<\/a><\/p>\n On the upside, an immediate resistance is near the $85 zone. The next major resistance is forming near the $90 zone. It is close to the 50% Fib retracement level of the downward move from the $116 swing high to $65 low. If there is an upside break above the $95 and $100 levels, the price could surge over 10%. In the stated case, the price could rise steadily towards the $100 level.<\/p>\n Dips Limited in AAVE?<\/p>\n If AAVE price fails to continue higher above the $85 or $90 levels, it could start a downside correction. An immediate support on the downside is near the $80 level.<\/p>\n The main support is near the $75 zone. A downside break below the $75 level could open the doors for a fresh decline towards $70. The next major support is near the $65 level.<\/p>\n Technical Indicators<\/p>\n Daily MACD \u2013 The MACD for AAVE\/USD is slowly losing momentum in the bullish zone.<\/p>\n Daily RSI (Relative Strength Index) \u2013 The RSI for AAVE\/USD is now above the 50 level.<\/p>\n Major Support Levels \u2013 $80 and $75.<\/p>\n Major Resistance Levels \u2013 $85, $90 and $100.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n AAVE price started a major increase from the $65 support zone. It is up nearly 20% this week and might extend gains above the $85 resistance.<\/p>\n AAVE price gained pace after it surpassed the $75 resistance against the US dollar. AAVE Price Starts Fresh Increase<\/p>\n After a steady decline, AAVE price found support near the $65 zone. The price formed a base above the $65 level and started a steady increase.<\/p>\n There was a clear move above the $72 and $75 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $116 swing high to $65 low. Besides, there was a break above a major bearish trend line with resistance at $75 on the daily chart of the AAVE\/USD pair.<\/p>\n The price is now trading near the $85 resistance and the 100-day simple moving average. It is also showing positive signs, outperforming bitcoin<\/a> and ethereum<\/a>.<\/p>\n
\nThe price is trading below $85 and the 100-day simple moving average.
\nThere was a break above a major bearish trend line with resistance at $75 on the daily chart of the AAVE\/USD pair (data source from Kraken).
\nThe pair could continue to rise and might soon test the $100 resistance zone.<\/p>\n
![<\/a><\/p>\nSource: AAVEUSD on TradingView.com<\/a><\/p>\nOn the upside, an immediate resistance is near the $85 zone. The next major resistance is forming near the $90 zone. It is close to the 50% Fib retracement level of the downward move from the $116 swing high to $65 low. If there is an upside break above the $95 and $100 levels, the price could surge over 10%. In the stated case, the price could rise steadily towards the $100 level.<\/p>\nDips Limited in AAVE?<\/p>\nIf AAVE price fails to continue higher above the $85 or $90 levels, it could start a downside correction. An immediate support on the downside is near the $80 level.<\/p>\nThe main support is near the $75 zone. A downside break below the $75 level could open the doors for a fresh decline towards $70. The next major support is near the $65 level.<\/p>\nTechnical Indicators<\/p>\nDaily MACD \u2013 The MACD for AAVE\/USD is slowly losing momentum in the bullish zone.<\/p>\nDaily RSI (Relative Strength Index) \u2013 The RSI for AAVE\/USD is now above the 50 level.<\/p>\nMajor Support Levels \u2013 $80 and $75.<\/p>\nMajor Resistance Levels \u2013 $85, $90 and $100.<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nAAVE price started a major increase from the $65 support zone. It is up nearly 20% this week and might extend gains above the $85 resistance.<\/p>\nAAVE price gained pace after it surpassed the $75 resistance against the US dollar.\nThe price is trading below $85 and the 100-day simple moving average.\nThere was a break above a major bearish trend line with resistance at $75 on the daily chart of the AAVE\/USD pair (data source from Kraken).\nThe pair could continue to rise and might soon test the $100 resistance zone.<\/p>\nAAVE Price Starts Fresh Increase<\/p>\nAfter a steady decline, AAVE price found support near the $65 zone. The price formed a base above the $65 level and started a steady increase.<\/p>\nThere was a clear move above the $72 and $75 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $116 swing high to $65 low. Besides, there was a break above a major bearish trend line with resistance at $75 on the daily chart of the AAVE\/USD pair.<\/p>\nThe price is now trading near the $85 resistance and the 100-day simple moving average. It is also showing positive signs, outperforming bitcoin<\/a> and ethereum<\/a>.<\/p>\n<\/a><\/p>\nSource: AAVEUSD on TradingView.com<\/a><\/p>\nOn the upside, an immediate resistance is near the $85 zone. The next major resistance is forming near the $90 zone. It is close to the 50% Fib retracement level of the downward move from the $116 swing high to $65 low. If there is an upside break above the $95 and $100 levels, the price could surge over 10%. In the stated case, the price could rise steadily towards the $100 level.<\/p>\nDips Limited in AAVE?<\/p>\nIf AAVE price fails to continue higher above the $85 or $90 levels, it could start a downside correction. An immediate support on the downside is near the $80 level.<\/p>\nThe main support is near the $75 zone. A downside break below the $75 level could open the doors for a fresh decline towards $70. The next major support is near the $65 level.<\/p>\nTechnical Indicators<\/p>\nDaily MACD \u2013 The MACD for AAVE\/USD is slowly losing momentum in the bullish zone.<\/p>\nDaily RSI (Relative Strength Index) \u2013 The RSI for AAVE\/USD is now above the 50 level.<\/p>\nMajor Support Levels \u2013 $80 and $75.<\/p>\nMajor Resistance Levels \u2013 $85, $90 and $100.<\/p>\n<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-10197","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/10197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=10197"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/10197\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=10197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=10197"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=10197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/AAVE-Price.png\"){kind=link}