What is Aave Coin? Aave is a decentralized finance protocol that makes it possible for people to borrow and lend crypto. Lenders earn their interest by depositing digital assets to specially created liquidity pools. On the other hand, borrowers use their crypto collateral to take out a flash loan. Aave means Ghost and when it first originated it was known as ETHlend when it was eventually launched in November 2017 but it was renamed Aave in September 2018. In this article, we look at the Aave coin price direction and what to expect in the days to come. Current Aave Coin price prediction Aave marked a double bottom pattern on the 2-day chart starting on 20th March. The MACD bars are short and green, hence suggesting a bullish trendline. During press time, the price of Aave is trading slightly below the 100-day MA. This took place after the line broke below it on the 4-hour chart. 11 out of the 26 major indicators are indicating a buy signal. While 6 out of the 26 major indicators are showing a sell signal. Also, note that 9 moving averages are bullish while only 5 are bearish. From the look of things, the general cryptocurrency trend is following a bullish trend. Aave price action has seen sideways action so far in January. At the start of the month, a rally to $325, where a higher high was set, established the trading range’s upper boundary. After a retracement and consolidation below $310 previous resistance. Another trial to...
