Aave price analysis

[Altcoin1998$]

6 April



Contrary to its counterparts ONT and TRX, Aave’s movement has been largely restricted since the late February pullback. While the support at $304.2 has prevented an extended sell-off on multiple occasions, gains were capped at a resistance level of $422.7. A solitary breakout above this point was even swiftly rejected by the bears. Aave’s press time price was not too far away from its upper ceiling, but a breakout was unlikely.

The RSI pointed south from 50 and the Awesome Oscillator was bearish-neutral. Trading volumes were on the rise, but had not crossed the $500 million-mark yet. A favorable outcome seemed possible over the mid-term, but only if the bulls hold on to the $375-support.source

[UNIVERSE]

So far, this coin really shows its charm in order to get the higher price again. This Defi project is actually homemade where everybody may love this. However, it is about the type of person who is owning the AAVE, will it be held for a longer time or to be sold in the irght price?