The Aave price prediction shows that the coin could be ready for the uptrend, and it may fundamentally break above $3000 respectively.
Aave Prediction Statistics Data:
- Aave price now – $94
- Aave market cap – $1.3 billion
- Aave circulating supply – 13.9 million
- Aave total supply – 16 million
- Aave Coinmarketcap ranking – #42
Resistance levels: $115, $125, $135
Support levels: $70, $60, $50
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AAVE/USD is likely to cross above the 21-day moving average to increase the bullish movement. Meanwhile, the cryptocurrency might kick-start another bullish run back above $95 if the market price moves toward the upper boundary of the channel. Consequently, any positive break above the 21-day MA is the first signal needed for a bullish to press higher. Nevertheless, the coin has to break beyond $100 before hitting the $110 resistance level.
Aave May Gain More Upsides; Tamadoge (TAMA) Trades Positively
Looking at the daily chart, the Aave price is currently crossing above the 9-day moving average. If the buyers continue to grind higher, the first resistance level may be located at $100 as this could also be followed by $110. However, additional resistance levels may also be found at $115, $125, and $135 respectively. On the other side, if the Aave price slides below the lower boundary of the channel, it could hit the first support level at $90.
However, sliding below the lower boundary of the channel may lead the coin to the critical support levels at $70, $60, and $50. The technical indicator Relative Strength Index (14) is moving to cross above the 50-level, which indicates that buyers may begin to gain control of the market, and this, could also mean that another signal of the coin could be pushing towards the resistance level of $100 soon.
When compared with Bitcoin, the daily chart shows that the current market price is attempting to stay above the 9-day and 21-day moving averages. As soon as the price stables above this barrier, there is a possibility that additional gains could be obtained. Therefore, the next resistance level is close to the 4500 SAT level. If the price keeps rising, it could even break the 5200 SAT and above.
However, if the bears regroup and stay below the moving averages, 4000 SAT support may play out before rolling to the critical support at 3500 SAT and below. Meanwhile, the Relative Strength Index (14) is crossing above the 50-level, suggesting bullish movement.
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