{"id":524852,"date":"2023-03-29T17:00:43","date_gmt":"2023-03-29T17:00:43","guid":{"rendered":"https:\/\/wncen.com\/?p=524852"},"modified":"2024-06-11T14:34:41","modified_gmt":"2024-06-11T14:34:41","slug":"this-price-level-remains-crucial-for-aave-as-it-surpasses-70","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/this-price-level-remains-crucial-for-aave-as-it-surpasses-70\/","title":{"rendered":"This Price Level Remains Crucial For AAVE As It Surpasses $70"},"content":{"rendered":"
Aave has been on a downtrend over the past week, causing the coin to slip below $70. However, as the broader market strengthened, Aave rose on its chart and breached the $70 level. In the last 24 hours, the altcoin appreciated by over 4%.<\/p>\n
Despite this northbound price movement, the altcoin has not yet secured its position. Technical indicators have shown bullish movement on the one-day chart, but buyers have not yet taken charge of the price. Demand has shown a positive change, as has accumulation.<\/p>\n
There are two important levels for Aave that will determine the direction of the altcoin in subsequent trading sessions. If the altcoin manages to break past its overhead price ceiling, it could potentially target the $80 zone, although this seems unlikely at this point.<\/p>\n