AAVE is up, but here's why caution might serve investors well

AAVE is ranked high among the list of cryptocurrency assets with the most gains over the past month. In fact, according to data from CoinMarketCap, AAVE's price rallied by 13% in the last 30 days.

Timeline of Aave

Leading US retail trading platform Robinhood has expanded its crypto offerings with two additional cryptocurrencies. The company tweeted on Monday it has added Aave (AAVE) and Tezos (XTZ) as tradable assets on its crypto platform – also known as Robinhood Crypto.

Stock and crypto trading app Robinhood lists Aave and XTZ on their trading platform. Robinhood now supports 19 cryptocurrencies in total including memecoins such as DogeCoin and Shiba Inu.

The crypto industry has been seeing a price drop for nearly a full year now, but as October is coming to an end and the anniversary of the crypto winter's start approaches, many are expecting for the bear market to end around the same time. Whether or not it will happen remains to be seen. However, one thing that is certain is that some projects are already performing better than others, including IMPT, Aave, Aptos, Solana, and XRP.

 The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The shorter timeframe structure was bullish for AAVE AAVE at high timeframe resistance and a sharp rejection could see another leg downward AAVE has performed well in the markets over the last ten days.

Cryptocurrencies, which allow instant, secure, and permissionless transactions, have revolutionized the global banking sector. Big Eyes Coin (BIG), a relatively new cryptocurrency token, is positioned to make a significant contribution to the development of the decentralized finance industry.

Aave price analysis shows that the digital asset has found stability at $86.73 after receiving a bullish push from the market. The cryptocurrency is currently trading above the $86.00 level, and it looks like it is preparing for another leg up in the near future.

The Aave price analysis is showing a negative trend, with the bears reigning the price charts for most of the time this week. The price levels have vividly fallen after facing rejection at $81.81, and the coin value has lowered to the $81 range.

KSM's price struggles to hold above key support as price trades in a downtrend channel as price eyes a possible breakout.  KSM continues to struggle as prices get rejected in a downtrend price channel after losing support to bears.

The crypto market had a sideways day with the total market cap registering at the same level as the previous 24 hours and the largest coins in the market barely moving one way or the other.

Aave price analysis shows the bulls have set a firm uptrend as prices spike by 1.19 percent in the last 24 hours. The resistance for AAVE prices is present at $ 85.22 while strong support is seen at the $81.48 level.