Aave (AAVE) Remains Below Short-Term Moving Averages on Oct. 18

Aave (AAVE) traded below its short-term moving averages in an Oct. 18 snapshot, with resistance at $159.65 and support at $149.25.

A prior market snapshot also showed AAVE trading below short-term averages.

The chart snapshot listed AAVE’s seven-day simple moving average at $155.62, its 26-period exponential moving average at $157.81 and its 12-period EMA at $159.38. The 20-day SMA was $166.86, while strong resistance stood at $159.65.

Momentum readings were mixed. The 14-period daily relative strength index was 46.18, described as neutral, while Stochastic %K at 14.23 and %D at 11.39 were in oversold territory. The moving average convergence divergence line and signal line were both 1.5627, leaving the histogram at zero. Oversold readings alone do not establish a reversal.

The setup listed immediate support at $149.25 and stronger support at $145.69. A daily close below $149.25 would weaken the bounce case; a break below $145.69 would put AAVE below its 50-day SMA at $147.32.

Aave is a non-custodial liquidity protocol that lets users supply assets and borrow against collateral. AAVE is the protocol’s governance token.