What's The Forecast For AAVE?

Aug 12

Since the AAVE price has shown a run from the range's lower boundary to its higher border, mostly. Then, in the bullish case, the short-term rise could lead towards the upper boundary, delighting traders and cruisers in the asset.

However, the price has been showing a struggle at the upper border, and history has been evidence of it. Based on such a hypothesis, once it clears by piercing it, the bullish arrow could pierce the hurdle, which could lead to capturing the $134.01 and $145.01 price targets.

But, AAVE Dipping below $80.01 would mean deterioration piercing below the lower border of the range. Where $60 could be a support to watch out for.

Indicators, at the time of writing, showcased mixed signals, while price has been suppressed by both the 50-day and 200-day EMA bands, which has been stopping growth.

Meanwhile, the MACD has formed a bearish cross above the zero line with a histogram negative at -1.50. The RSI was above the median line at 47.69.