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Aevo (AEVOUSD) Price Will Keep Rising

Johnathon Fox
11/19/2024 | UPDATED ON: 11/19/2024

Aevo (AEVOUSD) Price Forecast: November 18

The AEVOUSD price will keep rising as the crypto analysts are eyeing a bull run following the Bitcoin price hitting an all-time high of $93,434.36, causing shock waves in the entire market. Currently, the crypto is recovering and facing the upper channel. Thus, if the coin closes above a $1.123 high mark, the accelerated buying pressure may increase the coin price towards the $1.400 upper resistance level and a potential buy signal.

Key Levels:
Resistance Levels: $0.380, $0.390, $0.400
Support Levels: $0.260, $0.250, $0.240

AEVO (USD) Long-term Trend: Bullish (Daily Chart)

Aevo’s price will keep rising as it showed remarkable success, indicating confidence among large holders in its higher time frame. The coin price trades above the supply levels and confirms a bullish race due to the high impact of the buy investors in the coin market.
Aevo (AEVOUSD) Price Will Keep Rising
However, the previous action at the $0.347 high level in the last session has sustained the coin price above the supply trend line in its recent high.

The AEVOUSD pair suggests the token price will keep rising as the bulls drove the crypto price to a $0.371 high mark above the EMA-50 as the daily chart opens today, resulting in intraday gains, prolonging the upward rally and fueling the release of more buy investors into the market as the Aevo price keep rising.

Currently, the price signal is pointing upwards, indicating the AEVOUSD price will keep rising; in this case, the coin price could jump to hit the $1.400 supply mark in the days ahead as it keeps rising in its long-term outlook.

AEVO (USD) Medium-term Trend: Bullish (4H Chart)

AEVOUSD is rising and moving towards the upper resistance levels above the moving average, suggesting a potential buy signal in its medium-term outlook. The pair is in a smooth uptrend and has confirmed a bullish momentum.
Aevo (AEVOUSD) Price Will Keep Rising
Pressure from the bulls at the $0.347 high value in the previous action has enabled the Aevo price to keep rising and sustain the upward stability in its recent high.

Today, the AEVOUSD price exhibited a remarkable increase as it kept rising above the moving averages at the $3.71 supply level as the 4-hourly chart began due to a high bullish impact on the market price.

Thus, if the bulls breach the $0.418 peak level, the next resistance to watch out for would be around the $0.500 level, as the price keeps rising northwards.

Hence, the Aevo market indicates more upside possibility on the technical indicator pointing upwards and suggesting the token price will keep rising. In light of this, the pair may reach the $1.400 upper resistance level in the days ahead in its medium-term time frame.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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