Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»AAVE’s Rally Faces Market Resistance – What Does the Future Hold for Cryptocurrencies?
ALTCOIN NEWS

AAVE’s Rally Faces Market Resistance – What Does the Future Hold for Cryptocurrencies?

By Crypto FlexsSeptember 16, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
AAVE’s Rally Faces Market Resistance – What Does the Future Hold for Cryptocurrencies?
Share
Facebook Twitter LinkedIn Pinterest Email
  • Over the last 24 hours, AAVE has gained 4.25%, indicating potential market momentum.
  • However, analysis suggests that the recent uptrend is temporary and a downtrend is expected in the future.

Aave (AAVE) has been performing well in the market recently. It has surged by 32.08% in the past month, outpacing many other tokens. This positive trend has continued on the weekly timeframe, with a gain of 16.42%.

Despite this huge gain, new data suggests that AAVE’s rally may be slowing down, which could lead to a significant decline in its trading value.

AAVE’s recent market momentum appears to be temporary

At the time of writing, AAVE was trading at $145.80, $14.21 below its previous high of $160.01. According to AMBCrypto’s analysis, AAVE’s recent rally was triggered by a bounce off the mid-line at a key support level of $138.16.

However, AAVE has hit a 4-hours resistance level at $146.69, which is consistent with strong selling pressure that could potentially push the price lower, possibly retracing to or below the support range between $140.06 and $136.12.

If the support level breaks, the price of AAVE is likely to fall further, especially as selling pressure builds, possibly reaching $123.18.

Source: Trading View

Increased supply may have a negative impact on AAVE.

According to CryptoQuant data, exchange supply has increased over the last 24 hours, with 2.5 million AAVE currently in supply across multiple cryptocurrency exchanges.

The increase in exchange supply suggests that market participants are selling AAVE assets, which creates a potential surplus.

Source: CryptoQuant

The surge in supply coincided with a positive change in exchange flow, meaning investors are more likely to move AAVE to exchanges to sell or exchange for other tokens, which dampens demand.

As Coinglass reported, this increase in supply and transaction flow has contributed to significant long liquidations. Over the past 24 hours, $260.55k worth of AAVE long positions have been forcibly liquidated as market conditions have turned unfavorable.

Market conditions pose challenges for bulls

Bollinger Bands, which measure market volatility and identify overbought or oversold conditions, indicate that AAVE has entered overbought territory and is expected to trend down as it looks to recover.

The bands are generally interpreted as follows: a cross over the upper band (red line) indicates an overbought situation, a cross over the lower band (green line) indicates an oversold situation, and a cross over the middle band (blue line) is considered neutral.

Ghost

Source: TradingView

Moreover, the downtrend is also reflected in a decrease in open interest, which represents the volume of unsettled derivatives transactions.

AAVE’s outstanding balance has decreased from $214.71 million to $164.56 million as of September 11. This indicates that liquidity inflows into the market are decreasing and the asset price is likely to fall further to $140.6 million or lower.

Next: Analyzing Cardano’s ‘Triple Bottom’ as ADA Overtakes Bitcoin

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025
Add A Comment

Comments are closed.

Recent Posts

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025
Most Popular

Court extends pre-trial detention of Tornado Cash developer Pertsev

November 23, 2024

Raise your sweet veggies with this GameArt tournament!

March 13, 2024

PSY develops unbelievable legs for the first time from Dogecoin to Solana.

May 22, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

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