An analyst crypto poseidon has tweeted on X platformm that the price has been trading in a range of $50.0, to $120.0 for more than 700+ days, and breakout looks imminent after the suucceessful break of $130.0 price level. The Analyst also states that the breakous could be so devastating, it could pulll up to $500.0.
Similarly, based on the analyst tweet, the observed AAVE asset daily chart showed that it has been surging from $80.0 support and remains above the 50-day, and 200-day EMAs.
Likewise, the MACD portrays a bullish cross, with a rising histogram in AAVE at 2.95, and the RSI flashed at 70.05 by bouncing off from 14-SMA.
Therefore, if the breakout rallies strongly and managges to surpass the $130.0 resistance, the next goal for the AAVE price in short-term could be could be to reach the above levels, such as $160.0 and $200.0.
Since, the ETH ETF got approved, it may take few months probably for the ETF products to launch officially, which could drive a significant potential increase. Likewise, the tokens of the Ethereum ecosystem would benefit greatly from it such as AAVE, and as the analyst tweeted it could burst massive up to $500.0 in long-term cpoming sessions.
On the contrary, if the price plunges and instead of breaking the resistance of $130.0 and slips back in to the range, then the support would be at $80.0, and 50.0 level.
Similarly, based on the analyst tweet, the observed AAVE asset daily chart showed that it has been surging from $80.0 support and remains above the 50-day, and 200-day EMAs.
Likewise, the MACD portrays a bullish cross, with a rising histogram in AAVE at 2.95, and the RSI flashed at 70.05 by bouncing off from 14-SMA.
Therefore, if the breakout rallies strongly and managges to surpass the $130.0 resistance, the next goal for the AAVE price in short-term could be could be to reach the above levels, such as $160.0 and $200.0.
Since, the ETH ETF got approved, it may take few months probably for the ETF products to launch officially, which could drive a significant potential increase. Likewise, the tokens of the Ethereum ecosystem would benefit greatly from it such as AAVE, and as the analyst tweeted it could burst massive up to $500.0 in long-term cpoming sessions.
On the contrary, if the price plunges and instead of breaking the resistance of $130.0 and slips back in to the range, then the support would be at $80.0, and 50.0 level.