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AAVEUSD.P trade ideas

AAVE has been looking primed for another surge The AAVE price rose from $80 on Feb 4th, 2024, to $160 by March 13th, 2024, in response to the rally of BTC from $38774 to $74025. At the top in BTC, the buyers tried three times to rise, but by April 9th, it failed and declined, which influenced AAVE to decline its 50% gains from $160 to $80, and it was back to its previous support on the daily chart. Thereafter, despite bearish attempts, the support of $80 managed to keep a hold on for longer in AAVE. From the same critical support, the buyers tried again to rise by May 13th, 2024, by following the BTC lead. However, the BTC failed yet again to surpass the supply resistance zone and plummeted, taking BTC and AAVE back to their strong support. At the daily chart, AAVE has been looking primed for another surge this week, as it surged 11.71% in the past week. At press time, the AAVE traded at $91.60 in terms of market cap and held 62nd rank on Coinmarketcap with an MC of $1.357 billion. The volume-to-market cap ratio highlights moderate liquidity. Therefore, if BTC Rises, then the AAVE could gain targets like $115 and $160. however, if the BTC sell pressure increases and slips to the next support at $56677, then the AAVE could slip to $50, as well.
COINBASE:AAVEUSDLong
by Sam_TCR
Will AAVE Bulls Push Its Price To $100?AAVE has a market cap of $1.2 Billion and is currently ranked 64th in the cryptoverse. The volume of the asset has seen a drop of 42% in the past 24 hours. The asset price is currently trading near the value of $81 with a gain of 2% in the intraday session. AAVE is currently forming strong consolidated candles in the daily chart. It is trading below the 50 and 100 EMA on the daily chart. The upside trend of AAVE can see a halt near the value of $100. Meanwhile, the support of the asset price can be observed near $75. The RSI of AAVE is currently near 37 suggesting its presence in the oversold zone. The overall sentiment of the RSI is bearish in nature.
COINBASE:AAVEUSDLong
by Ritika_TCR
he breakout rallies stronglyAn 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.
COINBASE:AAVEUSDLong
by Sam_TCR
Is Technical Data Not In Favor Of AAVE?AAVE has a market cap of $1.2 Billion and is ranked 66th as per their market cap. It has a total supply of 16,000,000 in which 92.5% is circulating in the market. The volume of token has taken a dip of 21% in the intraday session. AAVE coin price is currently near the value of $86.7 with a slight gain in the last 24 hours. The digital asset price is currently trading below the 50 and 200 EMA. If it sees a crossover in the near future than a strong bearish momentum can be seen in the future. The upside trend of AAVE can see a halt near the value of $100. Meanwhile the support for the digital asset price can be seen near $65. RSI of AAVE is near 41 suggesting its presence in the neutral zone. The overall sentiment of the RSI and MACD is neutral in nature.
COINBASE:AAVEUSDLong
by Ritika_TCR
The AAVE asset appears strongly bearishThe AAVE crypto price was in the bull court from September 2023 and skyrocketed from the price of $50.0 to 154 by March 13th, 2024. It performed well in the duration of the last six months, as its gains of six months performance stays at 52.21%, but last week, and month with a -14.36%, and -31.79% declined respectively, implying a robust downtrend. However, the AAVE crypto has revealed a massive slump in price in the last couple of sessions and the price shows struggling signs of bulls and bearish dominance is extremely high. Contingent on seller pressure, the massive drop could shatter more support and could target $85 and $80 support on the daily chart. The AAVE asset appears strongly bearish as it headed downwards after breaching the dynamic supports of 20-day and 50-day EMAs from above and this shows that depending on the seller's surge it has a massive room to fall. Furthermore, the AAVE crypto asset could accelerate this ongoing bearish trend, if the price slips more of its ground support, and coincidingly the MACD has started to decline abruptly from the zero line which is at -2.90 and has cut the signal line sharply from above. Meanwhile, the RSI has moved lower after beating the 14-SMA from above like a falling knife, a push from the bear side could accelerate more deterioration. AAVE Price Forecast At the time of publishing, the AAVE crypto is at $97.68 and shows an intraday decline of 2.40%. Therefore, if the AAVE crypto fails to maintain the $85.0 price level, the price could show a spectacular drop. However, if the price manages to show a resurgence, the price could break out coin the upside and reach $110.0, and $120.0.
COINBASE:AAVEUSDShort
by Sam_TCR
the AAVE asset is showing bullish signs Past Price Analysis Of AAVE Crypto Over 1-D Chart The AAVE price chart highlights that in the past session price rose substantially from the demand zone of $50.0 to $130. However, the crypto asset stumbled as the price failed to leap over it, and presented a price correction in its incline, and the price reduced to form a support near at $80.0. AAVE Price Prediction Of Recent Daily Chart After plummeting, the price of AAVE crypto has formed a mighty comeback, beating its previous high level, beginning from a major support level of around $80.0. The AAVE crypto now appears willing to resume this massive surge as it has already gone past its previous high price mark of $130.0 and is geared up to bang the above resistance level and exhibits a price surge possibility to new peak levels from the current resistance turned support level of $120.0. On observing the price chart data over the daily chart, the AAVE asset is showing bullish signs and the price structure presents the capacity over the daily chart that it has the potential to extend further. It has performed well in the past week, month, and quarter with a 9.63%, 54.31%, and 30.87% surge respectively, implying a solid uptrend. Moreover, the AAVE crypto asset is revealing bullish potency and rising capability as it maintains above major 20 and 50-day EMA bands. At the time of publishing, the crypto had declined by 1.46% in the last 24 hours and was trading at $140.67 at press time. Therefore, if the demand for the AAVE token increases unexpectedly, the asset price could jump back from the current level. Then the next goal for the price could be to reach $190.0 while the resistance would be at $160. However, if the AAVE crypto price fails to stay above the $120.0 level, it could decline further and could reach $100.0 as well.
COINBASE:AAVEUSDLong
by Sam_TCR
The AAVE asset is showing bullish signs Past Price Analysis Of AAVE Crypto Over 1-D Chart The AAVE price chart highlights that in the the past session price rose substantially from the demand zone of $50.0 to $130. However, the crypto asset stumbled as the price failed to leap over it, and presented a price correction in its incline and the price reduced to form a support near at $80.0. AAVE Price Prediction Of Recent Daily Chart After plummeting, the price of AAVE crypto has formed a mighty comeback, beating its previous high level, beginning from a major support level of around $80.0. The AAVE crypto now appears willing to resume this massive surge as it already went past its previous high price mark of $130.0 and is geared up to bang the above resistance level and exhibits a price surge possibility to new peak levels from the current resistance turned support level of $120.0. On observing the price chart data over the daily chart, the AAVE asset is showing bullish signs and price structure presents the capacity over the daily chart that it has the potential to extend further. It has performed well in the past week, month, and quarter with a 9.63%, 54.31%, and 30.87% surge respectively, implying a solid uptrend. Moreover, the AAVE crypto asset is revealing bullish potency and rising capability as it maintains above major 20 and 50-Day EMA bands. At the time of publishing, the crypto had declined by 1.46% in the last 24 hours, and was trading at $140.67 at press time. Therefore, if the demand for the AAVE token increases unexpectedly, the asset price could jump back from the current level. Then the next goal for the price could be to reach $190.0 while the resistance would be at $160. However, if the AAVE crypto price fails to stay above the $120.0 level, it could decline further and could reach $100.0 as well.
COINBASE:AAVEUSDLong
by Sam_TCR