Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Analyst sees crypto repeating dot-com bubble, predicts meetings for XRP and one Solana Challenger

2025-05-14

XRP has a clear path to gather – but this is what you need to know first

2025-05-13

Brave Wallet is expanding support with Cardano -Integration

2025-05-13
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Brave Wallet is expanding support with Cardano -Integration

    2025-05-13

    Bridge bridge bridge with the real world

    2025-05-13

    Pancake wap Infinity brings ZK-driven intelligent UX with Brevis

    2025-05-13

    LayerEdge’s Merkle Tree Commitment: Bitcoin Scalability with ZK-proofs

    2025-05-13

    BSC -Validators, Not CZ, Dreef 90% Gas costs reduction, Binance Core Devs explains

    2025-05-13
  • NFT

    Why this Facebook group places the news on NFTS

    2025-05-13

    Mey Network launches real estate NFTs to invest real estate in the chain

    2025-05-13

    Animoca Brands plans our mention to record ‘unique moment’ of Trump administration: FT

    2025-05-13

    Donald Trump Jr. Splashes rumors about ‘Truth Social’ -Memecoin

    2025-05-13

    Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

    2025-05-12
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Analyst sees crypto repeating dot-com bubble, predicts meetings for XRP and one Solana Challenger

    2025-05-14

    XRP short-term movements remain uncertain, but 4-hour graph shows strength

    2025-05-13

    Crypto -Liquidity lags behind traditional finances despite the profit of market efficiency – S&P Global

    2025-05-13

    US Dollar to fall considerably against the Chinese Yuan in the midst of trade negotiations, according to Goldman Sachs: report

    2025-05-13

    Ethereum Price Dips: Healthy Cooldown or Warning Sign of Bigger Problem?

    2025-05-13
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Aave extends losses, but here are the short selling targets
Analysis

Aave extends losses, but here are the short selling targets

2023-06-07No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

After a promising start to the year, AAVE suffered a setback as it encountered resistance at the $92 level, resulting in a 34% correction over a two-month period. The recent blow to the crypto market caused by the SEC suing Binance has further impacted the altcoin’s performance.

In the past 24 hours, AAVE has lost 3% of its value and on the weekly chart, the coin has seen a significant drop of almost 12%. Technical indicators point to the presence of significant bearish pressure, with both demand and accumulation declining.

With Bitcoin also experiencing a decline towards the USD 25,000 zone, most altcoins showed similar price action. AAVE has struggled to keep its price above a critical support level, and as selling pressure has mounted, it has fallen below that level. AAVE’s market cap has also fallen, indicating that sellers are in control of price at this point.

Aave Price Analysis: One Day Chart

Aaf
Aave was priced at $61 on the one-day chart | Source: AAVEUSD on TradingView

At the time of writing, Aave is trading at $61. The bulls encountered resistance at the $62 level as the broader market showed signs of weakness in recent days. The altcoin resistance levels are $61.30 and $62.80.

If the price moves above $62.80, it could potentially reach the $65 price level. However, the bears have been exerting influence, which may lead Aave to approach its support line at $59.

If it fails to stay above this support, the coin could drop to $57 and possibly even $51, serving as a short-selling target for traders. Trading volume for Aave in the last session has remained low, indicating a lack of strong buying pressure.

See also  Bitcoin Has a High Chance to Return to the Top After a Pullback, Says Crypto Analyst – Here's Why

Technical analysis

Aaf
Aave showed low buying power on the one-day chart | Source: AAVEUSD on TradingView

Aave faces challenges in generating demand, as shown in the chart. The Relative Strength Index (RSI) indicates that there are more sellers than buyers in the market, with the RSI staying below the half line.

To maintain purchasing power, the price must surpass overhead resistance levels. In addition, Aave has fallen below the 20-Simple Moving Average line, suggesting that sellers have boosted price momentum in the market. These factors indicate the prevailing bearish sentiment surrounding Aave’s performance.

Aaf
Aave showed sell signals on the one-day chart | Source: AAVEUSD on TradingView

Aave confirms bearish sentiment on the chart and generated sell signals on the overnight chart, in line with other indicators. The Moving Average Convergence Divergence (MACD), illustrating price momentum and potential reversals, has formed red histograms, indicating sell signals for the altcoin.

The Bollinger Bands, which measure price volatility and fluctuations, have largely remained parallel with a slight divergence. This suggests that the price of the altcoin may show slight fluctuations during the upcoming trading sessions.

Featured image of Figma, charts from TradingView.com

Source link

Aave Extends losses Selling Short Targets
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Analyst sees crypto repeating dot-com bubble, predicts meetings for XRP and one Solana Challenger

2025-05-14

XRP short-term movements remain uncertain, but 4-hour graph shows strength

2025-05-13

Crypto -Liquidity lags behind traditional finances despite the profit of market efficiency – S&P Global

2025-05-13

US Dollar to fall considerably against the Chinese Yuan in the midst of trade negotiations, according to Goldman Sachs: report

2025-05-13
Add A Comment
Leave A Reply Cancel Reply

Top Posts

ALGO approaches key resistance as portfolio growth continues

2024-09-26

Ethereum’s total value reaches its highest level since 2022 after surpassing $90 billion. Will the price follow?

2024-12-26

JPMorgan Chase refuses to refund customer after $7,900 withdrawn from bank account in brazen three-day hack: report

2024-03-16
Editors Picks

Starknet’s Quantum Leap NFT Drop Sparks Aug 30 Commemorative Frenzy!

2023-08-28

Did the SEC Just Declare War on NFTs?

2023-08-29

Ronin Network breaks records with over 20 million unique wallets

2024-06-07

ZNS Connect partners with The Plume Network to offer Blockchain-based ID

2024-10-21
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Analyst sees crypto repeating dot-com bubble, predicts meetings for XRP and one Solana Challenger

XRP has a clear path to gather – but this is what you need to know first

Brave Wallet is expanding support with Cardano -Integration

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,763.121.27%
  • ethereumEthereum(ETH)$2,654.698.52%
  • rippleXRP(XRP)$2.574.30%
  • tetherTether USDt(USDT)$1.00-0.03%
  • solanaSolana(SOL)$181.417.28%
  • binancecoinBNB(BNB)$661.522.31%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • dogecoinDogecoin(DOGE)$0.2397367.93%
  • cardanoCardano(ADA)$0.824.29%
  • tronTRON(TRX)$0.2725183.40%
  • suiSui(SUI)$4.002.72%
  • chainlinkChainlink(LINK)$17.245.75%
  • avalanche-2Avalanche(AVAX)$26.119.19%
  • stellarStellar(XLM)$0.3107733.02%
  • shiba-inuShiba Inu(SHIB)$0.0000166.74%
  • piPi(PI)$1.2917.46%
  • hedera-hashgraphHedera(HBAR)$0.2128104.35%
  • hyperliquidHyperliquid(HYPE)$25.637.86%
  • the-open-networkToncoin(TON)$3.415.10%
  • polkadotPolkadot(DOT)$5.205.69%
  • unus-sed-leoUNUS SED LEO(LEO)$8.792.30%
  • bitcoin-cashBitcoin Cash(BCH)$407.922.81%
  • litecoinLitecoin(LTC)$103.722.05%
  • moneroMonero(XMR)$347.653.50%
  • pepePepe(PEPE)$0.0000147.63%
  • bitget-tokenBitget Token(BGB)$4.822.98%
  • daiDai(DAI)$1.00-0.03%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$6.894.02%
  • bittensorBittensor(TAO)$463.743.09%
  • nearNEAR Protocol(NEAR)$3.214.97%
  • aptosAptos(APT)$6.027.13%
  • aaveAave(AAVE)$232.108.37%
  • okbOKB(OKB)$54.691.53%
  • ondo-financeOndo(ONDO)$1.033.83%
  • internet-computerInternet Computer(ICP)$5.886.43%
  • ethereum-classicEthereum Classic(ETC)$20.576.85%
  • kaspaKaspa(KAS)$0.1192217.25%
  • crypto-com-chainCronos(CRO)$0.1026345.20%
  • gatechain-tokenGateToken(GT)$22.172.63%
  • render-tokenRender(RENDER)$5.256.03%
  • vechainVeChain(VET)$0.0315766.12%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.507.45%
  • mantleMantle(MNT)$0.802.56%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2585884.59%
  • ethenaEthena(ENA)$0.43045517.40%
  • arbitrumArbitrum(ARB)$0.4505358.57%
  • filecoinFilecoin(FIL)$3.216.85%
  • algorandAlgorand(ALGO)$0.2484497.90%
  • usd1World Liberty Financial USD(USD1)$1.00-0.12%
  • bitcoinBitcoin(BTC)$103,763.121.27%
  • ethereumEthereum(ETH)$2,654.698.52%
  • rippleXRP(XRP)$2.574.30%
  • tetherTether USDt(USDT)$1.00-0.03%
  • solanaSolana(SOL)$181.417.28%
  • binancecoinBNB(BNB)$661.522.31%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • dogecoinDogecoin(DOGE)$0.2397367.93%
  • cardanoCardano(ADA)$0.824.29%
  • tronTRON(TRX)$0.2725183.40%
  • suiSui(SUI)$4.002.72%
  • chainlinkChainlink(LINK)$17.245.75%
  • avalanche-2Avalanche(AVAX)$26.119.19%
  • stellarStellar(XLM)$0.3107733.02%
  • shiba-inuShiba Inu(SHIB)$0.0000166.74%
  • piPi(PI)$1.2917.46%
  • hedera-hashgraphHedera(HBAR)$0.2128104.35%
  • hyperliquidHyperliquid(HYPE)$25.637.86%
  • the-open-networkToncoin(TON)$3.415.10%
  • polkadotPolkadot(DOT)$5.205.69%
  • unus-sed-leoUNUS SED LEO(LEO)$8.792.30%
  • bitcoin-cashBitcoin Cash(BCH)$407.922.81%
  • litecoinLitecoin(LTC)$103.722.05%
  • moneroMonero(XMR)$347.653.50%
  • pepePepe(PEPE)$0.0000147.63%
  • bitget-tokenBitget Token(BGB)$4.822.98%
  • daiDai(DAI)$1.00-0.03%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$6.894.02%
  • bittensorBittensor(TAO)$463.743.09%
  • nearNEAR Protocol(NEAR)$3.214.97%
  • aptosAptos(APT)$6.027.13%
  • aaveAave(AAVE)$232.108.37%
  • okbOKB(OKB)$54.691.53%
  • ondo-financeOndo(ONDO)$1.033.83%
  • internet-computerInternet Computer(ICP)$5.886.43%
  • ethereum-classicEthereum Classic(ETC)$20.576.85%
  • kaspaKaspa(KAS)$0.1192217.25%
  • crypto-com-chainCronos(CRO)$0.1026345.20%
  • gatechain-tokenGateToken(GT)$22.172.63%
  • render-tokenRender(RENDER)$5.256.03%
  • vechainVeChain(VET)$0.0315766.12%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.507.45%
  • mantleMantle(MNT)$0.802.56%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2585884.59%
  • ethenaEthena(ENA)$0.43045517.40%
  • arbitrumArbitrum(ARB)$0.4505358.57%
  • filecoinFilecoin(FIL)$3.216.85%
  • algorandAlgorand(ALGO)$0.2484497.90%
  • usd1World Liberty Financial USD(USD1)$1.00-0.12%