AAVE Price Rises 9.41% in Last 24 Hours, To Recover on the Daily
2022.05.05 16:41
AAVE Price Rises 9.41% in Last 24 Hours, To Recover on the Daily
- CoinMarketCap has placed Aave (AAVE) in the 21st position on its trending list.
- AAVE is also included in the top 50 coins in terms of market cap.
- The price of AAVE experienced a bit of a pullback following its price jump in the last 24 hours.
CoinMarketCap has placed Aave (AAVE) in the 21st position on its trending list after a 9.41% increase over the last 24 hours. This puts AAVE right behind PlayDapp (PLA) in the 20th position and in front of THORChain (RUNE) in the 22nd position.
CoinMarketCap has also included AAVE in the top 50 coins in terms of market cap. AAVE currently occupies the 46th spot placing it behind EOS (EOS) in the 45th position and in front of Fanton (FTM) in the 47th position.
When looking at the market cap, AAVE currently stands at $ 2,167,047,931, which is a 9.33% increase.
AAVE’s price currently stands at $158.14 which is a 9,41% increase over the last 24 hours and the highest price reached by AAVE during the same time period was $161.79. Over the longer time periods, AAVE struggled a bit more as over the last seven days it is 9.18% down, and over the last month it has seen a price drop of 32.50%.
AAVE saw a 24 trading volume of $267,649,377 or 1.692,515 AAVEover the last 24 hours. This is a 31.60% increase from yesterday.
AAVE price retraces slightly following 24 hour jump (Source: TradingView)
Looking at the daily chart for AAVE/USDT, the 20 EMA is currently below the 50 EMA as the two crossed just over a week ago. AAVE also rallied slightly following the interest rate hike announcement in the United States.
However, the price of AAVE experienced a bit of a pullback following the price jump. It’s uncertain whether or not the price will drop further as the RSI14 currently sits at 46.41 between overbought and oversold. AAVE may attempt to test $160.
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