In the first quarter of 2024, AAVE's price peaked at $153 but then succumbed to bearish pressure in the second quarter, dropping to the $80 demand area.
However, the crypto showed a strong recovery in the third quarter, bouncing back from this critical demand zone. During this period, AAVE's price surged past its yearly highs, reaching $158.43.
Despite encountering resistance at this level, it managed to stay above the 20-day EMA, indicating weak selling pressure and strong long-term bullish momentum.
Currently trading at $140.11, AAVE is anticipated to experience another pullback. This might potentially push its price beyond $158 and aim for a 45% gain, which would bring it close to the $200 mark.
According to AAVE price predictions, it is set for a significant rally that could break through resistance levels and reach new heights. However, if bearish sentiment intensifies, the support levels to watch are $125 and $115.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.