- The price of AAVE stood at $78.17 following a 24-hour loss of more than 3%.
- Earlier today, AAVE was rejected by the resistance level at $79.80.
- Technicals suggested that AAVE may attempt to challenge the $79.80 mark again later today.
Aave (AAVE) was one of the many top 50 cryptocurrencies that saw its price drop heading into the new week. The crypto market tracking website CoinMarketCap indicated that AAVE was worth $78.17 at press time, after the crypto’s price fell by more than 3% over the past day of trading.
This meant that AAVE was trading close to its daily low of $77.23. Furthermore, AAVE’s 24-hour trading volume decreased by more than 56% throughout the past day. This left its volume standing at around $90,477,179.
The altcoin’s price slip also caused it to weaken against both market leaders, Bitcoin (BTC) and Ethereum (ETH) by 3.25% and 2.86% respectively. However, despite this, AAVE’s weekly performance was still firmly set in the green zone at +8.91%.
Its market cap of $1,133,571,984 meant that AAVE was ranked as the 40th largest crypto, which placed it right behind Quant (QNT) in the 39th position. Ranked just underneath AAVE was Th…
The post AAVE May Retest a Major Resistance Level in the Next Few Hours appeared first on Coin Edition.
The post AAVE May Retest a Major Resistance Level in the Next Few Hours appeared first on Coin Edition.