Aave price analysis: Bears resolute at demoting AAVE/USD below $399

TL;DR Breakdown The latest Aave price analysis shows further decline in price.Price levels have stooped down to meet $399.6.Support levels are still strong at $381. The Aave price analysis is indicating that the bears are once again taking the lead after overcoming a bullish strike. The trend is once again bearish for cryptocurrency, as the latest update shows that the bears are taking the price levels down. This has resulted in a decrease in coin value up to $399, and the momentum is strong enough to reduce it further in the future. Nevertheless, the bears have availed their chance by winning back momentum after a bullish return. AAVE/USD 1-day price chart: Bears determined to pull back price levels to former low The 1-day AAVE/USD analysis is indicating a downfall in the price today after the bears have successfully dodged the intensifying bullish momentum. The bears have taken the price down to $399.25 of value, and it is expected that further decline will be observed. The moving average (MA) is an important indicator, and in the 1-day price chart, it is present at $380, far below the current price value. Meanwhile, the Bollinger’s bands are found to be at an average position of $389.46. AAVE/USD 1-day price chart. Source: TradingView The volatility is decreasing as the Bollinger bands are narrowing down, and the upper Bollinger band has reached $427.35 and the lower Bollinger band has reached $351.56 of values respe...