Aave (AAVE) price trades slightly higher during the Asian trading session on Thursday after surging on Wednesday.
Aave price finds support around $96.13 at its 200-day EMA level, with an impending rally eyed ahead. On-chain data shows that
price shows potential for a rally Aave price retested and bounced off the support area, extending between $76.83 and $72.55, on August 5. It found support on the 200-day Exponential Moving Average , which hovers around $96.13. At the time of writing, it trades slightly higher, 0.27%, at $106.39 on Thursday after increasing by a sharp 8.4% on Wednesday If the 200-day EMA holds as support, Aave price could rally 10% to retest its daily resistance level at $116.02.
's case, the index has been rising since July 24, which implies that the 's OI increased from $60.20 million on Monday to $90.30 million on Wednesday, indicating that new or additional money is entering the market and new buying is occurring. 's blockchain usage is increasing. daily candlestick closes below the $90.19 daily low of August 12, the outlook will shift to bearish. This scenario could lead to a 15% crash to retest its weekly support at $76.83. Related news Cryptocurrencies Price Prediction: Bitcoin,
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