Aave (AAVE) Up 3.82% Sunday: What's Next?

Sunday, December 31, 2023 08:10 AM | InvestorsObserver Analysts

Aave (AAVE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Decentralized Finance has gained 3.82% to $116.69.

InvestorsObserver is giving Aave a 34 Volatility Rank. Find out what this means to you and get the rest of the rankings on Aave!

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Moderately Volatile

InvestorsObserver gives Aave a moderate volatility rank of 34, placing it in the bottom 34% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. AAVE's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Aave price is trading above resistance. With support near $110.08 and resistance around $115.87. This leaves Aave out of range and potentially in a volatile position if the rally burns out.