Aave News

Aave (LEND) Exhibits Hefty Recovery Over the Last 30 Days

The year started with a stagnant movement around $0.015 for the LEND token. The upward price movement began around May 2020. Over the next 45 days, the currency spotted at $0.10. The astounding escalation grabbed many eyeballs. Since then, the AAVE token never turned back and kept the surge intact. Around July 20, the price escalated to $0.375.

The near-term momentum for the currency is speculated to be good. The surge seems to last long this time in Aave.

Aave (LEND) price analysis

Aave (LEND) Price News
LEND/USD Chart By TradingView

LEND token’s price movement has been quite astounding for the traders from the last couple of weeks. The month began at $0.132, and after a week-long steady upside movement, the price escalated to $0.200. On July 12, the price of the token spotted at $0.250. With moderate fluctuations around $0.260 and $0.300, the price of AAVE token touched $0.375. The currency breached the previous 52-week high and reshuffle at the same.

However, AAVE soon caught under the bearish pressure and corrected down to $0.270. The dramatic fall continued, and on July 28, the price spotted at $0.218. After hitting $0.21, the LEND token reflected a sharp recovery as it managed to touch $0.35. At the press time, the token was trading at $0.31 without having support from its daily MAs.

Despite the recent decline, AAVE managed to persist upside trendline. The MA50 and MA20 are at $0.331 and $0.325, respectively, and The MACD chart is also indicating bearish crossover. Hence, the upcoming period could reflect a stagnant pace.

Daniel Garza

Daniel Garza is well-known for his writing skills and works as a lead content writer in our team. He also has a deep interest in cryptocurrency funds and guides people on how to deal with a cryptocurrency exchange.

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