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Aevo (AEVOUSD) Suggests a Potential Buy Signal

Johnathon Fox
10/22/2024 | UPDATED ON: 10/22/2024

Aevo (AEVOUSD) Price Forecast: October 22

The AEVOUSD pair suggests a potential buy signal today, as the bulls renewed the bullish momentum in the crypto market, driving the crypto market towards the upper channel. The cryptocurrency is facing high pressure from the bulls. Conversely, if the coin prices sustain above the previous high of $0.438, the bulls’ trend would continue upward and might hit the $0.450 upper high level, resulting in an intraday gain for coin investors.

Key Levels:
Resistance Levels: $0.400, $0.401, $0.402
Support Levels: $0.309, $0.308, $0.307

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

Aevo turns positive today. The coin price suggests a potential buy signal as it remains firm above the supply levels in its higher time frame. This looks nice for the buy trader and signifies a buy signal.
Aevo (AEVOUSD) Suggests a Potential Buy Signal
The cryptocurrency price has been above the supply trend levels since its most recent high due to the persistent bullish pressure over the last few days.

With sustained buying, the AEVOUSD price suggests a potential buy signal as it challenged another resistance zone of $0.402 above the moving averages, indicating buyers’ attempt to prolong the bullish rally.

Additional efforts by the bulls to retest the $0.438 previous swing high would invalidate any further bearish thesis.

Next, the underlying sentiment suggests an uptrend continuation in the coming days as indicated by the daily stochastic. It is expected of buyers to push the price of AEVOUSD further up to a significant level and in this case, the target might be the $0.450 supply level soon, as it suggests a potential buy signal in the higher time frame.

AEVO (USD) Short-term Trend: Bullish (1H Chart)

The Aevo prices are above the moving averages, suggesting a potential buy signal in its short-term outlook. The pair is in a smooth uptrend as seen from the chart below, and has confirmed a bullish momentum breaking its previous high.
Aevo (AEVOUSD) Suggests a Potential Buy Signal
Pressure from the bulls at the $0.388 high value in the previous action has enabled the coin price to suggest a potential buy signal and sustain the upward stability in its recent high.

Today, the AEVOUSD price suggests a potential buy signal as it rises to a $0.402 high level above the moving averages as the 1-hourly chart begins due to a high bullish impact on the market price. This makes it possible for the coin to remain positive and suggests a BUY position.

Hence, the Aevo market is showing more upside possibility on the technical indicator pointing upwards. More gains and strength are expected from the crypto market; as a result, the pair may reach the $0.450 upper resistance level in the days ahead in its short-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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