December 18, 2024 AAVE Daily Chart Analysis
Outlook
AAVE current price is 369.29 USDT and the current market cap is 160.770.959 USDT. This chart period started 210 days ago (23 May 2024) with a total of 108 days closing above the opening price and 102 days closing below the opening price. The lowest price was 71.06 USDT on 05 July 2024, and the highest price was 399.85 USDT on 16 December 2024. The current price is 419.69% above the lowest price and 7.64% below the highest price.
Moving Average
Moving Averages (Closing Prices):
5-Day Moving Average: 368.79
22-Day Moving Average: 285.71
50-Day Moving Average: 218.54
100-Day Moving Average: 185.04
250-Day Moving Average: 133.40
500-Day Moving Average: 111.70
Moving Average Analysis
The current price is %0.14 higher than the 5-Day moving average and has been above it for 1 days.
The current price is %29.25 higher than the 22-Day moving average and has been above it for 8 days.
The current price is %68.98 higher than the 50-Day moving average and has been above it for 17 days.
The current price is %99.57 higher than the 100-Day moving average and has been above it for 22 days.
The current price is %176.84 higher than the 250-Day moving average and has been above it for 44 days.
The current price is %230.60 higher than the 500-Day moving average and has been above it for 122 days.
Trends
The longest uptrend in the 210 day period is 7 days. It started at 78.20 USDT on 07 July 2024 and ended by increasing by 33.50% to 104.40 USDT on 14 July 2024.
The longest downtrend is 5 days. It started at 170.39 USDT on 27 September 2024 and ended by decreasing -18.34% to 139.14 USDT on 02 October 2024.
Support & Resistance
This review was made for the last 7 days
Last 7 days support levels:
Support: 355.00 USDT on 15-12-2024
Support: 356.71 USDT on 17-12-2024
Support: 356.10 USDT on 18-12-2024
Last 7 days resistance levels:
Resistance: 390.95 USDT on 13-12-2024
Resistance: 396.45 USDT on 14-12-2024
Resistance: 399.85 USDT on 16-12-2024
The lowest support level is 355.00 USDT on 15-12-2024, and the highest resistance level is 399.85 USDT on 16-12-2024. The percentage difference between these levels is approximately 12.6%.
Volume
The previous trading day’s volume (17-12-2024) 382,758.42 USDT. Highest volume in the last 210 days is 1,140,491.48 USDT on 12-12-2024. Lowest volume in the last 210 days is 32,836.56 USDT on 01-06-2024. Difference between highest and lowest volume is 3373.24%.
Volume Moving Averages
( Excluding Today)
5-day Moving Average Volume: 476,311.40 USDT
22-day Moving Average Volume: 457,308.28 USDT
50-day Moving Average Volume: 357,475.88 USDT
100-day Moving Average Volume: 280,776.21 USDT
250-day Moving Average Volume: 223,587.52 USDT
Volume Moving Averages Comparison
Volume of the previous trading day: 382,758.42 USDT
Previous day’s volume is 19.64% lower than the 5-day moving average.
Previous day’s volume is 16.30% lower than the 22-day moving average.
Previous day’s volume is 7.07% higher than the 50-day moving average.
Previous day’s volume is 36.32% higher than the 100-day moving average.
Previous day’s volume is 71.19% higher than the 250-day moving average.
Percentage Differences Between Moving Averages:
5-day moving average is 4.16% higher than the 22-day moving average.
22-day moving average is 27.93% higher than the 50-day moving average.
50-day moving average is 27.32% higher than the 100-day moving average.
100-day moving average is 25.58% higher than the 250-day moving average.
Volume Trend
The longest consecutive volume increase started on 10-08-2024 with a volume of 90,999.42 USDT and ended on 15-08-2024 with a volume of 429,368.29 USDT, lasting for 5 days and representing a 371.84% increase.
The longest consecutive volume decrease started on 26-05-2024 with a volume of 242,587.53 USDT and ended on 30-05-2024 with a volume of 94,231.20 USDT, lasting for 4 days and representing a 61.16% decrease.
Price Volume Coorelation
During the longest volume increasing period price increased from 93.31 USDT to 107.80 USDT, which represents a 15.53% increase.
During the longest volume decreasing period price decreased from 109.59 USDT to 102.86 USDT, which represents a -6.14% decrease.
Strategy
AAVE, which started a serious uptrend since the beginning of November, encountered serious resistance when it approached 400 USDT and a correction started. There is strong support at 355 USDT and does not allow the price to go down.
In order to open a “long” position, the price must be expected to close with an increase for two consecutive days and the stop loss must be determined as the opening level of the previous day
AAVE
Legal Disclaimer: This Chart and The Accompanying Analyses Are Not Investment Advice.
