AAVE Price Prediction: Recent Fall Appears Temporary

Sep 16

In the first quarter of 2024, AAVE's price peaked at $153 but then succumbed to bearish pressure in the second quarter, dropping to the $80 demand area.

However, the crypto showed a strong recovery in the third quarter, bouncing back from this critical demand zone. During this period, AAVE's price surged past its yearly highs, reaching $158.43.

Despite encountering resistance at this level, it managed to stay above the 20-day EMA, indicating weak selling pressure and strong long-term bullish momentum.

Currently trading at $140.11, AAVE is anticipated to experience another pullback. This might potentially push its price beyond $158 and aim for a 45% gain, which would bring it close to the $200 mark.

According to AAVE price predictions, it is set for a significant rally that could break through resistance levels and reach new heights. However, if bearish sentiment intensifies, the support levels to watch are $125 and $115.