Elite Analyst Predicts Major Rally for AAVE – Here’s the Outlook

2024-10-29 23:30

Top analyst, World of Charts, shared that AAVE’s price may be positioned for a move similar to its previous rally of over 45% after a bullish breakout, suggesting that the token could reach the $220 range. The setup on the chart supports this projection, with historical price action and strong technical indicators pointing toward a promising outlook for AAVE.

.rh-colortitlebox{margin-bottom:30px;background:#fff;line-height:24px;font-size:90%}.rh-colortitlebox .rh-colortitle-inbox{display:flex;align-content:center;padding:15px;font-weight:700;font-size:110%; line-height:25px}.rh-colortitlebox .rh-colortitle-inbox i{line-height:25px; margin:0 10px; font-size:23px}.rh-colortitlebox .rh-colortitle-inbox svg{width:25px;margin-right:10px}.rh-colortitlebox .rh-colortitle-inbox-label{flex-grow:1}.rh-colortitlebox .rh-colortitlebox-text{padding:20px}.rh-colortitlebox-text>*{margin-bottom:20px}.rh-colortitlebox-text>:last-child{margin-bottom:0} Celebrate Dogecoin and Make Big Gains with Doge2014!.rh-toggler-open{height:auto !important} .rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important} .rh-toggler-open .rh-tgl-hide{display:block !important} .rh-tgl-show, .rh-tgl-hide{cursor:pointer} .rh-contenttoggler *{box-sizing: border-box !important} .rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;} .rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}

Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!

Show more +Show less – AAVE Chart Analysis: Bullish Ascending Triangle Signals Potential Upside

The recent price movements for AAVE show the formation and breakout of an ascending triangle pattern, a classic bullish indicator. This structure typically involves a rising support line pushing against a flat resistance line, with the convergence often leading to an upward breakout. 

AAVE’s price has already surged after breaking out of this pattern, confirming the bullish trend. This setup is reminiscent of the previous breakout seen in September, where AAVE gained momentum and surged past its consolidation zone. World Of Charts suggests that, if this pattern continues, AAVE could achieve further gains and potentially approach the $220 mark.

Image Source: X/WorldofCharts Key Support and Resistance Levels

In this breakout structure, the levels around $160 to $170 have acted as a significant resistance point, marking a psychological barrier for AAVE’s price. The upward surge above this zone indicates strengthened buying pressure. 

The ascending support line, which has consistently held as a foundation for AAVE’s price action, confirms the growing interest from buyers at every price dip. This dynamic support line enhances the bullish outlook, reinforcing the potential for further gains if AAVE remains above this level.

Read Also: Why Is THORChain (RUNE) Price Up? Here’s the Bullish Outlook!

Tweet Analysis and Market Sentiment

The tweet from World Of Charts underscores the optimistic sentiment surrounding AAVE’s current setup. Describing the structure as a “bullish pennant,” the analyst anticipates that, with a successful breakout, AAVE could replicate its previous gains. 

Such statements from experienced analysts amplify the market interest, driving attention to AAVE’s potential rally. This forecast aligns with technical indicators observed on the chart, reinforcing a positive outlook if bullish momentum sustains.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.

The post Elite Analyst Predicts Major Rally for AAVE – Here’s the Outlook appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Aave (LEND) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.5143
Капитализация $0 Rank 99999
Доступно / Всего 0 LEND

aave rally analyst previous bullish token 220

Источник: captainaltcoin.com

aave rally → Результатов: 92


дальше еще 43 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Is SUI Price Getting Ready for a Massive 2025?

The crypto market has its eyes on SUI, as it is showing promising signs of breakout potential. Analyst Paraboli8crypto explained SUI’s prolonged consolidation phase on X (formerly Twitter), drawing parallels to a similar trend earlier this year that led to a significant price surge.