Aave price analysis: AAVE prices hold at $86.73 as buyers eye a move above $89.00

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.

Timeline of Aave

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.

AAVE is currently in a recovery phase, successfully breaching the crucial $80 psychological resistance marker to trade at $82.52 at the time of this writing, according to tracking from Coingecko. AAVE manages to move past the crucial $80 resistance marker The altcoin could be looking at a further push all the way up to $116 AAVE continues price pump despite Tron Founder's massive withdrawal from the crypto's protocol Over the last seven days, the cryptocurrency managed to tally a price increase of 15.4% as it also goes up by 8% on a month-to-date basis.

 The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. AAVE witnessed a breakout rally after an expected falling wedge reversal.

The ongoing recovery in AAVE price pierced the dynamics resistance trendline and $80 horizontal level. Thus, this breached resistance should flip into a suitable footing for buyers, leading to further recovery.

Monero raced to its highest point in ten days, as the token moved past a key resistance level on Wednesday. Today's move sees the token rise higher for a fourth consecutive day, following a rebound from its long-term floor. Aave was also in the green, as it remained close to a five-week peak.

Crypto price today Oct 18th: The ongoing relief rally in the crypto market pauses to sustain prior recovery. Though the overall market sentiment is still negative, some crypto coins may offer a near-term rally.

Aave price analysis shows sideways price movement for the day as the price is recovering slowly. The price has been under the bearish shadow for the past two days, yet today a recovery in bullish momentum is being observed.