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- 1 AAVE price prediction suggests a rise in the coming months if certain conditions are met.
- 2 The EMAs in AAVE crypto reversing upward showcase signs of a trend reversal.
- 3 AAVE price holds $70.00 support and buyers are trying their best to rebound.
AAVE price prediction remains bullish till it sustains above $60.00 and suggests a rise in the long run. AAVE crypto is in recovery mode and rising upward by forming higher high swings.
AAVE price sustaining above the 50-day EMA and 200-day EMA shows that the positional trend has reversed upward. However, the 200-day EMA is sloping sideways indicating that the prices lacked direction and might spend some time in consolidation.
In the mid of June, the correction in AAVE crypto price halted near $50.00 and some buyers came forward to push the prices higher. Slow and steady prices recovered and managed to climb above the 50-day EMA.
Meanwhile, a sudden rise in the buying volume is also visible indicating some genuine buyers might have accumulated from lower levels.
A few weeks ago, AAVE crypto bulls attempted to break out of the $85.00 hurdle to bring back the confidence of investors. Sadly, the attempt failed and prices witnessed profit booking.
AAVE’s price is trading at $74.20 with an intraday decline of -0.23. The 24-hour volume to market cap is 5.01%.
Will AAVE Price continue the recovery or revert down?
AAVE price prediction looks bullish for both the short and long term. Buyers defend the $70.00 support and prices are again reversing upward. The short-term correction in AAVE crypto seems to be over and prices are likely to bounce back again.
Till the AAVE price is sustained above $60.00 the prices are in a bullish grip and the possibility of reaching $100.00 remain high.
The next phase of the rally in AAVE will begin when buyers are able to break out of the $100 hurdle. On the other hand, if the price drops below $60.00 then bears may try to hit new lows.
AAVE Crypto Price Update with BTC pair
AAVE crypto formed a bullish candle on the weekly time frame. It shows that buyers are returning to a bullish track. The pair of AAVE/BTC is trading at 0.002533 with an intraday rise of 0.04%.
This pair is also forming a similar pattern to the USDT pair and the presence of buyers is also visible. The MACD curve is reversing upward and might generate a positive crossover in the coming weeks.
Conclusion
AAVE price prediction is bullish and suggests that it might generate a decent return for its long-term investors. The technical analysis suggests, AAVE crypto is recovering and might reach $100.00 before $50.00.
Technical levels
- Resistance levels: $85.00 and $95.00
- Support levels: $60.00 and $48.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
