Aave Price Prediction for Today, September 28 – AAVE Technical Analysis

Aave price prediction shows that AAVE continues its rally as the coin spikes higher to touch the resistance level of $172.49.

Aave Price Prediction Statistics Data:

• Aave price now – $169.52
• Aave market cap – $2.52 billion
• Aave circulating supply – 14.9 million
• Aave Coinmarketcap ranking – #38

This Aave’s price has shown notable volatility, with a 24-hour range between $163.63 and $172.00 . Despite its current value, the token once peaked at an all-time high of $666.86 on May 18, 2021, but is now down by 74.85%. This significant drop from its peak highlights the dynamic nature of its performance, offering potential future opportunities for those keeping a close eye on the market.

AAVE/USD Market

Key Levels:

Resistance levels: $195, $200, $205

Support levels: $145, $140, $135

AAVEUSD – Daily Chart

AAVE/USD trades near significant resistance levels above the 9-day and 21-day moving averages . On the daily chart, Aave is approaching the upper boundary of a long-term ascending channel, a level that has previously acted as resistance multiple times. The price action suggests AAVE/USD may face a potential rejection, but its proximity to the resistance warrants close observation. Meanwhile, on the daily chart, the price has been moving near the resistance level for two consecutive days, with a recent candlestick showing rejection. Although, AAVE remains close to the threshold.

Aave Price Prediction: What to Expect from Aave

In the last few days, Aave has moved from $160 to $172 and could make a bullish cross above the upper boundary of the channel if the buyers increase the pressure. However, a significant technical development is the breakout above the moving averages. This breakout is considered a bullish signal and indicates a potential shift in AAVE’s trend direction. Meanwhile, traders are closely watching to see if a break above the channel could translate into a successful move beyond the current resistance levels.

Nonetheless, if the bulls put more effort, it could hit additional resistance levels at $195, $200, and $205 respectively. On the contrary, a bearish drop may roll the market back below the 21-day moving average and to the initial support level of $163. Whereas, the critical support levels could be found at $145, $140, and $135. Therefore, as the trading volume increases, the technical indicator 9-day MA is seen above the 21-day MA as this could still supply more bullish signals into the market.

AAVE/BTC Maintains the Bullish Movement

Against Bitcoin, the Aave price is still trading near the upper boundary of the channel above the 9-day and 21-day moving averages . The price changes hands at 2553 SAT as the technical indicator’s 9-day moving average remains above the 21-day moving average. Meanwhile, the daily chart reveals that buyers may continue to dominate the market as the market price seems to break above the channel.

AAVEBTC – Daily Chart

Positively, the resistance levels to be reached are 3100 SAT and above. In other words, if the bears return to the market, a lower sustainable move may cancel the bullish pattern and could attract new sellers to the market with the next focus on 2000 SAT and below.

Meanwhile, @SatsDoji, who has over 12,000 followers on X (formerly Twitter), shared an analysis indicating that $AAVE remains highly bullish. According to him, the token appears to have broken out of its accumulation phase and shows signs of expansion. A retest of this accumulation zone would provide a strong opportunity to add more, in his opinion. Notably, $AAVE has been in accumulation for over two years, and @SatsDoji speculates that the market maker may have finished accumulating, signaling the potential for a significant move ahead.

Alternatives to Aave

As indicated by its daily chart, Aave (AAVE) is at a critical juncture, with the price testing significant resistance levels above key moving averages. If AAVE/USD successfully surpasses this resistance within its long-term ascending channel, it could aim for a technical target near $180, with a potential extended target of $190. On the other hand, the Pepe blockchain, also known as “Pepe Unchained,” is making waves in the meme coin space . It has attracted widespread interest, raising over $15.7 million, and allows users to stake tokens and earn passive income.

THE PEPE BLOCKCHAIN IS EXPLODING. GET READY FOR $PEPU

Pepe Unchained is rapidly emerging as the next big thing in meme coins, with over $15 million raised and incredible opportunities for early investors. Built as a layer-2 blockchain, it offers unmatched speed, low fees, and seamless bridging with Ethereum, making it a game-changer in crypto. The presale is still ongoing, but prices will increase as the project progresses, so the earlier you get in, the more you stand to gain . With staking rewards as high as 139% APY, this is the perfect moment to maximize your passive income and be part of a revolutionary project. Don’t miss your chance to invest in the future of meme coins – Pepe Unchained.

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