TOP AI Network

2024

Long

Aevo

<ul class="list-ic vertical">
 <li><span>1</span> <a>AEVO (AEVO) is near its ATL mark of $0.4433, reflecting bearishness.</a></li>
 <li><span>2</span> <a>Its trading volume soared over 83%, displaying a selloff over the past 24 hours.</a></li>
</ul>
<p><strong>AEVO </strong>was in a major <strong>downtrend</strong>, hovering around its all-time-low mark of $0.4433, looking bearish.</p>
<p>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.</p>
<p>Amid the recent market selloff, the token aggressively breached the $1 mark with sharp volume.</p>
<p>At press time, the <strong><a href="https://www.thecoinrepublic.com/2024/05/13/aevo-price-at-a-t-l-will-it-fall-more-or-rise-soon/" target="_blank" rel="noopener noreferrer nofollow">AEVO token</a></strong> 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.</p>
<p>The pair of AEVO /BTC is at 0.00000771 BTC, and the market cap is $48.58 Million. Analysts are bearish and suggest that <strong>AEVO </strong>may continue to expand below and would underperform ahead.</p>
<h2 class="wp-block-heading" id="strong-aevo-price-dropped-to-its-atl-all-time-low-whats-next-strong"><strong>AEVO Price Dropped to its ATL (All-Time-Low): Whats Next?</strong></h2>
<p>In the past four months, the token has displayed a massive distribution from the roof as sellers displayed strength.&nbsp;</p>
<p>Still, the price action reflected negativity. The token faced sharp rejection from its 20 day EMA, conveying that further decline is imminent.</p>
<p>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.</p> <iframe loading="lazy" title="Santiment Chart: Price (AEVO), Volume (AEVO)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=aevo&amp;pt=AEVO&amp;df=2024-01-03T18%3A29%3A59.114Z&amp;dt=2024-07-03T18%3A29%3A59.114Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">AEVO Price Chart By Santiment</p>
<p>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.</p>
<h3 class="wp-block-heading" id="strong-price-volatility-and-weighted-sentiment-outlook-strong"><strong>Price Volatility and Weighted Sentiment Outlook</strong></h3>
<p>The price volatility data displayed stability and noted around 0.02, reflecting minute changes throughout the week.</p> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (AEVO), Weighted sentiment (Total) (AEVO)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=aevo&amp;pt=AEVO&amp;df=2024-01-03T18%3A29%3A59.114Z&amp;dt=2024-07-03T18%3A29%3A59.114Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Weighted Sentiment Data&nbsp; Source: Santiment</p>
<p>Notably, the weighted sentiment data looks negative and is declining, at region around -0.30, reflecting a lack of buying interest.</p>
<h3 class="wp-block-heading" id="strong-futures-data-shows-long-unwinding-activity-strong"><strong>Futures Data Shows Long Unwinding Activity</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="231" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-48-1024x231.png" alt="AEVO" class="wp-image-210454" style="width: 100%" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-48-1024x231.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-48-300x68.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-48-768x173.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-48-750x169.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-48-1140x257.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-48.png 1440w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p class="has-text-align-center">Futures OI Data&nbsp; Source; Coinglass</p>
<p>The Futures open interest data signifies massive long unwinding activity, and conveyed that buyers were trapped and aggressively covered their positions, which was followed by a price decline over 14% intraday.</p>
<p>Notably, the open interest fell over 6.49% to $37.29 Million in the last 24 hours.</p>
<p>@Top Gainer tweeted that <strong>AEVO </strong>took support at around $0.500 and is set for a bounce.</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24AEVO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$AEVO</a> looking strong support zone at that moment <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f44c.png" alt="👌" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/8a0aXqDQME" rel="noopener noreferrer nofollow">pic.twitter.com/8a0aXqDQME</a></p>— TOP GAINER TODAY (@RoccobullboTTom) <a href="https://twitter.com/RoccobullboTTom/status/1808018490864918979?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 2, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center>
<p class="has-text-align-center">Source:X</p>
<p>The immediate support levels for <strong>AEVO </strong>are $0.400 and $0.370&nbsp; whereas the key upside hurdle is around $0.520, followed by $0.580.</p>
<h3 class="wp-block-heading" id="strong-what-s-next-for-aevo-amidst-follow-on-decline-strong"><strong>What’s Next for AEVO Amidst Follow-on Decline?</strong></h3>
<p><strong>AEVO </strong>fell below its significant moving averages and displayed a bearish outlook on the chart. Recently, it breached the $1 mark, leading to a fresh ATL mark of $0.4433 last week.</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.</p>

Aevo (AEVO) Appears Bearish: Are Further Losses Imminent?

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