Aave (AAVE) Falls 0.03%, Underperforms the Crypto Market Thursday

Thursday, March 31, 2022 09:42 AM | InvestorsObserver Analysts

Aave (AAVE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Decentralized Finance has dropped 2.52% to $221.41.

InvestorsObserver is giving Aave a 36 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 36, placing it in the bottom 36% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. AAVE's moderate volatility reading is coupled 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 in a favorable position going forward. With support set at $206.38 and resistance near $232.94. This positions Aave with room to run before facing selling pressures.