AEVO Crypto Token Analysis: A Detailed Overview of the Project\'s Market Cap, Trading Volume, and Technical Analysis

After consistently declining to lower levels, AEVO appeared at a crucial level at press time. It may skyrocket to new highs if it gets the support

After consistently declining to lower levels, AEVO appeared at a crucial level at press time. It may skyrocket to new highs if it gets the support of the buyers.

When writing, the circulating supply of AEVO crypto was 840.643M AEVO, which was 84.06% of the maximum crypto supply. The crypto’s total supply is 1.0 billion AEVO, and its fully diluted market cap is $494.317M.

The crypto’s market cap has declined by 4.03% in the last 24 hours from the press time, resulting in a market cap of $416.669M. Also, the crypto market cap ranking was #131, as per CoinMarketCap.

The value of the traded volume for the crypto further advanced by 94% in the last 24 hours. It resulted in a traded value of $74.442M. The liquidity of the crypto was also high, resulting in a volume/market cap ratio of 17.56%.

AEVO Crypto Derivatives Data Analysis

The open interest in AEVO crypto declined by 3% over the last 24 hours, resulting in $37.91M.

The AEVO crypto’s derivatives volume has declined over time, and no significant activity was witnessed over the last few months. Despite this, over the last 24 hours, the value of the traded volume for the crypto advanced by 108%.

When writing, the recorded long liquidation for the crypto was worth $389.47K over the last 24 hours. It was much higher than the short liquidations of $29.83K. It showed profit booking of longs in the crypto.

AEVO Crypto Technical Analysis

The price of the AEVO crypto has traded inside a small zone for a long time, showing the volume accumulation.

The slowly rising behavior of the price followed by a dynamic range led to the formation of a rising wedge pattern on the daily chart.

If the AEVO crypto price breaks above the rising wedge pattern with good volume, we might see multifold returns followed by a strong surge in the price.

AEVO/USD Chart by TradingView

The 20-day and the 50-day EMAs are trading in a death cross, and the crypto price has declined below the EMAs. Following the decline in the value of EMAs over time, the crypto price has also consistently lost its value.

The MACD indicator further shows neutrality in the crypto price. This is because the MACD and the signal line are trading in negative territory while the metrics are trading in a bullish cross.

The RSI has further traded in the oversold zone for a long time and is at 35.6 level at press time. This shows that the overall momentum of the price is bearish.

To Sum Up

AEVO crypto saw a significant surge in trading volume and maintained a bullish sentiment, yet its market cap declined by 4.03%.

While the crypto showed potential for long-term gains, current technical indicators, such as the death crossover and RSI in the oversold zone, suggested uncertainty in its immediate price movement.

The support levels for the AEVO crypto at press time were 0.350 and $0.440, and on the higher side, the resistance levels were $1.120 and $1.630.

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