AEVO Struggling to sustain the Breakout

The Aevo token’s price volatility was certainly high at press time, resulting in 10.75%. This might lead to uncertain spikes in the price of the token.

The price of the Aevo token was highly volatile at press time, showing a fluctuation of 10.75%. This volatility could lead to unpredictable spikes in the token’s price.

The AEVO token’s market cap dominance was noted at 0.02%, followed by a market cap of $448.559M. Additionally, the token’s market cap ranking was #137 in the global crypto market.

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The token showed high liquidity, as the volume/market cap ratio was 11.47%, followed by the traded volume being valued at $51.882M. This indicated that buying and selling the token in varying market conditions would be easy.

The circulating supply of the token was 860.652M AEVO, which was 86.07% of the total supply. Furthermore, the token’s total and maximum supply were the same at 1.0B AEVO, resulting in a fully diluted market cap of $523.299M.

A decline of 6.7% was seen in the token’s derivatives traded volume, showing a traded value of $103.92M. The token’s open interest advanced by 10.3% in the last 24 hours from the press time.

There were higher short liquidations recorded, which were worth $124.06K, against which the longs liquidated were valued at $29.36K, showing the bulls’ dominance in the AEVO token price.

Holders Overview Of AEVO Token Price

The largest holder of the token had 27.72% of the total supply, showing 277.193M AEVO.

The CoinCarp holders chart showed a consistent rise in the number of token holders over time. The token had 42.9K holding addresses; the top 10 holders held 88.13% of the total supply.

The total value locked in the token was worth $448.11M, which advanced over time, followed by options premium volume being valued at $134.6K in the last 24 hours.

AEVO Technical Analysis

The AEVO token’s daily chart showed consistent lower lows, followed by a strong downtrend being formed.

Following the most recent price action, the token price tried to advance from the lower levels and broke out above a crucial resistance level, which acted as strong resistance.

The following breakout in price seemed to be a hope. However, the token price failed to sustain the higher level and declined below the breakout levels again.

The AEVO token price is trying to rebound again and if it breaks above the resistance and sustains above the same for a small period, we can expect a surge in the price to the higher resistance levels.

AEVO/USD Chart by TradingView.com

The AEVO token price traded below the 50-day EMA, followed by a bearish crossover of the 50-day and the 200-day EMA.

The MACD and the signal line overlapped at the median level, showing neutrality in price.

The RSI seemed volatile as it failed to sustain above the 50-level and declined below the 14-day SMA.

AEVO Struggling To sustain the Breakout

The AEVO token has been struggling to sustain its recent breakout, with the price down 88% from its all-time high. High volatility and a bearish sentiment dominate despite strong liquidity and market cap.

Technical indicators suggested neutrality, and the token’s future performance remained uncertain amidst fluctuating market conditions.

The support level for the AEVO token price is 0.3390 and $0.440, followed by the resistances of $1.060 and $1.520.

This article is for informational purposes only and does not provide any 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 own research before making any financial decisions.

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