- AAVE bulls trying to push price above the 200 day moving average.
- RSI suggesting a positive momentum in favour of bulls.
- AAVE/BTC is trading at 0.007791 BTC with an intraday profit of 5.81% while AAVE/ETH is trading at 0.1085 ETH marking an intraday profit of 7.94%.
AAVE price is currently approaching the 200 day moving average from below, which means the bulls are putting effort to break and sustain above the 200 day moving average. The 50 day moving average has previously crossed the 200 day moving average and is currently above it, which is a good sign for the bulls. With a bit of more volume, the bulls are expected to push the price above the 200 day MA in the near future.
The Relative Strength Index (RSI) is shifting to a positive momentum with the RSI line making an uptrend towards the neutral zone of 50. This indicates more buyers getting interested to bag AAVE.
The Fibonacci indicator is suggesting resistance at $388.6 price level and an immediate support at $342.9 level. Both the 50 and 200 day moving average are between the immediate support and resistance mentioned above. If the price breaks the moving average 200 and 50, we will likely see AAVE price smash the resistance. ADVERTISEMENT
The Moving Average Convergence Divergence (MACD) is indicating bears having an advantage but the MACD line is making a U-turn heading towards the Signal line. We might see the MACD line cross the Signal line in the near future taking both the lines above the Zero line. SOURCE https://cryptoslate.com/solana-transactions-stop-as-mainnet-experiences-intermittent-instability/