{"id":28193,"date":"2024-08-31T19:00:15","date_gmt":"2024-08-31T16:00:15","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=28193"},"modified":"2024-08-31T17:10:38","modified_gmt":"2024-08-31T14:10:38","slug":"aave-technical-analysis-august-31-2024","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/aave-technical-analysis-august-31-2024\/","title":{"rendered":"AAVE Technical Analysis – August 31, 2024"},"content":{"rendered":"

While the bad outlook in the cryptocurrency market continues, AAVE, which has attracted attention with its rise in the last few days, started the day with a 1.4 percent increase. Bitcoin price could not maintain the $ 63 thousand levels it gained last week and is trading below $ 59 thousand, while Ethereum continues the day in the $ 2500 band. The cryptocurrency market is experiencing declines after Bitcoin rose to $ 64 thousand last week. So will AAVE be able to maintain this strong stance? Let’s look for an answer to the question in the AAVE technical analysis.<\/p>\n

AAVE Technical Analysis<\/h2>\n

While AAVE continues the day with an increase of more than one percent, the value of the cryptocurrency is close to $ 133. Although many cryptocurrencies have declined in value after the sharp declines in Bitcoin, AAVE remains strong.<\/p>\n

\"\"<\/p>\n

When we examine the support and resistance zones in AAVE, the $ 120 band, where the price also reacts, acts as a critical resistance. However, the first resistance is the $135-140 band, while the support area is $130.<\/p>\n

Might interest you: Why Hasn\u2019t the Altcoin Season Started Yet?<\/a><\/em><\/p>\n

This downtrend in the cryptocurrency sector may deepen if Bitcoin loses its 58800 support. The $59200-60000 resistances to be gained in Bitcoin may bring a positive stance to the market again.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

While the bad outlook in the cryptocurrency market continues, AAVE, which has attracted attention with its rise in the last few days, started the day with a 1.4 percent increase. Bitcoin price could not maintain the $ 63 thousand levels it gained last week and is trading below $ 59 thousand, while Ethereum continues the<\/p>\n","protected":false},"author":6,"featured_media":6552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[637,8331,8330],"class_list":["post-28193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","tag-aave","tag-aave-analysis","tag-avve-technical-analysis"],"yoast_head":"\nAAVE Technical Analysis - August 31, 2024 - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/aave-technical-analysis-august-31-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AAVE Technical Analysis - August 31, 2024 - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"While the bad outlook in the cryptocurrency market continues, AAVE, which has attracted attention with its rise in the last few days, started the day with a 1.4 percent increase. Bitcoin price could not maintain the $ 63 thousand levels it gained last week and is trading below $ 59 thousand, while Ethereum continues the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/aave-technical-analysis-august-31-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-31T16:00:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-31T14:10:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/11\/tempory-23.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1788\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/aave-technical-analysis-august-31-2024\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/aave-technical-analysis-august-31-2024\/\",\"name\":\"AAVE Technical Analysis - 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