AAVE’s price has consistently stayed above its crucial support trendline, indicating a strong bullish outlook for the altcoin in the cryptocurrency market. With sentiment turning positive, AAVE is expected to gain significant traction in the upcoming altcoin season.
Given the current market conditions, will AAVE’s price rally towards a new all-time high this altcoin season? In this article, CoinPedia’s expert panel delves into the potential short-term price movements of the Aave (AAVE) cryptocurrency.
AAVE Coin Price Retests Its Crucial Support Zone of $290!
The Aave token has successfully held above the $290 mark with a 5.32% intraday increase. Additionally, boasting a 24-hour trading volume of $594.73 million, AAVE has a market capitalization of $4.44 billion, securing the 31st spot in the global crypto market.
The Relative Strength Index (RSI) displays a bullish curve in the daily timeframe, with its average trendline hinting at a potential positive crossover. This indicates a rise in buying pressure for AAVE in the market.
Moreover, the 50-day EMA is on the brink of a bullish convergence in AAVE’s price chart, signaling a potential continued uptrend for the altcoin.
Will Aave Crypto Rise Back Up?
If bulls regain control, AAVE’s price could reclaim the $300 resistance level. A surge in bullish sentiment might propel the price towards the upper resistance of $350 this month.
Conversely, if bears take charge, AAVE’s price could dip below its crucial support zone and descend towards the lower support level of $250 in the near future.
Thinking about acquiring AAVE tokens before the altcoin season begins? Check out our AAVE Price Prediction!
FAQs
With a potential surge, AAVE’s price could surpass the $1000 mark by 2029.
If bullish sentiment persists, AAVE’s price could reach as high as $526 by the end of 2025.
With a 24-hour trading volume of $594.73 million, AAVE is currently valued at $296.14.
