Aevo (AEVO) Appears Bearish: Are Further Losses Imminent?
The post Aevo (AEVO) Appears Bearish: Are Further Losses Imminent? appeared on BitcoinEthereumNews.com. AEVO was in a major downtrend, hovering around its all-time-low mark of $0.4433, looking bearish. Over the past few trading sessions, it showed massive follow-on decline and corrected over 90% from the top. Since the beginning of April, the sellers continued to push the token from its peak. Amid the recent market selloff, the token aggressively breached the $1 mark with sharp volume. At press time, the AEVO token traded at $0.4375 with an intraday drop of 14.36%, reflecting a massive selloff. It has a monthly return ratio of -53.20% and -60.20% yearly, reflecting a downtrend. The pair of AEVO /BTC is at 0.00000771 BTC, and the market cap is $48.58 Million. Analysts are bearish and suggest that AEVO may continue to expand below and would underperform ahead. AEVO Price Dropped to its ATL (All-Time-Low): Whats Next? In the past four months, the token has displayed a massive distribution from the roof as sellers displayed strength. Still, the price action reflected negativity. The token faced sharp rejection from its 20 day EMA, conveying that further decline is imminent. The ongoing sentiment was negative and the token is eyeing for its next bearish leg toward $0.200. Until the token reaches the $0.700 mark, the sell on rise pattern will remain. AEVO Price Chart By Santiment The Relative Strength Index (RSI) curve reached the oversold region and formed a negative divergence. Similarly, the MACD indicator conveys a bearish crossover and forms red bars on the histogram on the charts. Price Volatility and Weighted Sentiment Outlook The price volatility data displayed stability and noted around 0.02, reflecting minute changes throughout the week. Weighted Sentiment Data Source: Santiment Notably, the weighted sentiment data looks negative and is declining, at region around -0.30, reflecting a lack of buying interest. Futures Data Shows Long Unwinding Activity…
The post Aevo (AEVO) Appears Bearish: Are Further Losses Imminent? appeared on BitcoinEthereumNews.com.
AEVO was in a major downtrend, hovering around its all-time-low mark of $0.4433, looking bearish. Over the past few trading sessions, it showed massive follow-on decline and corrected over 90% from the top. Since the beginning of April, the sellers continued to push the token from its peak. Amid the recent market selloff, the token aggressively breached the $1 mark with sharp volume. At press time, the AEVO token traded at $0.4375 with an intraday drop of 14.36%, reflecting a massive selloff. It has a monthly return ratio of -53.20% and -60.20% yearly, reflecting a downtrend. The pair of AEVO /BTC is at 0.00000771 BTC, and the market cap is $48.58 Million. Analysts are bearish and suggest that AEVO may continue to expand below and would underperform ahead. AEVO Price Dropped to its ATL (All-Time-Low): Whats Next? In the past four months, the token has displayed a massive distribution from the roof as sellers displayed strength. Still, the price action reflected negativity. The token faced sharp rejection from its 20 day EMA, conveying that further decline is imminent. The ongoing sentiment was negative and the token is eyeing for its next bearish leg toward $0.200. Until the token reaches the $0.700 mark, the sell on rise pattern will remain. AEVO Price Chart By Santiment The Relative Strength Index (RSI) curve reached the oversold region and formed a negative divergence. Similarly, the MACD indicator conveys a bearish crossover and forms red bars on the histogram on the charts. Price Volatility and Weighted Sentiment Outlook The price volatility data displayed stability and noted around 0.02, reflecting minute changes throughout the week. Weighted Sentiment Data Source: Santiment Notably, the weighted sentiment data looks negative and is declining, at region around -0.30, reflecting a lack of buying interest. Futures Data Shows Long Unwinding Activity…
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