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The Aave price forecast shows that AAVE is likely to break above the moving averages as the coin prepares to peak above $105.
Aave prediction stats:
- Aave price now – $100.5
- Market cap of Aave – $1.5 billion
- Circulating supply of Aave – 14.7 million
- Total supply Aave – 16 million
- Aave Coinmarketcap Ranking – #50
AAVE/USD market
Key Levels:
Resistance levels: $115, $120, $125
Support levels: $84, $80, $76
AAVE/USD is refreshing to a new high after hitting the daily high at $103.8. The coin is currently trading at $100.5 with a bullish crossover and trend on the intraday. Today, Aave price is likely to move above the 9-day and 21-day moving averages as higher resistance is expected at the $110 resistance level.
Aave Price Prediction: Aave Price Poised to Peak
At the time of writing, Aave price is likely to increase the bullish move if the price breaks above the moving averages. Currently, the market is likely to experience a bullish move as buyers increase pressure. This could send bullish signals to encourage more buyers to enter the market.
Meanwhile, as the 9-day MA falls below the 21-day MA, the coin may move towards the downside and the price could reach the support levels of $84, $80, and $76 respectively. Furthermore, if the bulls push the coin above the $110 resistance level, a strong bullish move could emerge that could push the market towards the $115, $120, and $125 resistance levels.
AAVE/BTC may consolidate upwards
Relative to Bitcoin, Aave price is heading towards the 9-day and 21-day moving averages as the price moves higher. However, the bulls may need to push the coin above the moving averages to regain the daily high of 2273 SAT. Meanwhile, as the market continues to vary, the crypto is likely to make a bullish cross above the 9-day and 21-day moving averages to confirm the bullish move.
Nevertheless, if the buyers push the market price towards the upper limit of the channel, AAVE/BTC may reach the resistance level of 2600 SAT and above. On the other hand, strong selling pressure could push the price below the channel lower limit, and this could attract new sellers entering the market with the next focus on the support level of 1700 SAT and below.
Aave Alternatives
Based on the daily chart analysis, if Aave’s price were to cross the $65.4 resistance level in conjunction with the 9-day and 21-day moving averages, it is poised for a bullish rally. Currently, the bullish momentum could escalate, attracting a wave of buyers to the market.
Meanwhile, Bitcoin Minetrix stands out as an innovative token compared to Aave (AAVE), which has a $1.5 billion market cap that may limit earnings growth. In contrast, Bitcoin Minetrix, with its decentralized cloud mining platform, has collected an impressive $8.2 million during presale, indicating a promising future.
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- Native token now on pre-sale – BTCMTX
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