• Home
  • AAVE Eyes $180-$200 Amid Bullish Technical Signals

AAVE Eyes $180-$200 Amid Bullish Technical Signals

The Key Points in Brief

  • AAVE is on the verge of a potential price increase, with analysts forecasting a target of 180 to 200 USD.
  • Technical indicators such as the MACD and Bollinger Bands support the bullish trend.
  • Trading volume shows strong buyer interest, although there are signs that the pressure may ease.
  • AAVE user activity remains stable and continues to show growth.

Technical Analysis Shows Bullish Momentum

According to the analyst “World of Charts,” the cryptocurrency AAVE is in a phase that points to an imminent price increase. The current price target is between 180 and 200 USD, provided the bullish pattern, known as a “Pennant,” is successfully completed. At the time of the analysis, AAVE was trading at 134.67 USD, which represents an increase of 6.3% in the last 24 hours and 9.4% over the last seven days.

This development follows an earlier forecast by the same analyst, published on September 4, 2024. At that time, AAVE gained nearly 24% before entering another bullish pattern. If the current trend continues, another increase of 20 to 25% is expected.

Indicators Point to Continued Upward Movement

Technical analysis shows that AAVE recently broke through the important resistance level at 130 USD. The Bollinger Bands, an indicator of volatility, are widening, which suggests increased market activity. The price is moving near the upper boundary of the bands, which could indicate overbought conditions. However, the 20-day moving average continues to provide support, indicating a continuation of the bullish trend.

alert-circle
You can also find us on Telegram: Click here to follow our Telegram channel.

The MACD (Moving Average Convergence Divergence) also shows a positive signal. The MACD line has crossed above the signal line, which is considered a bullish sign. Although the histogram bars are shrinking, indicating a weakening of momentum, traders are closely watching for a potential bearish crossover. Such a crossover could signal a short-term trend reversal.

Trading Volume and User Activity Remain Strong

Another important factor contributing to AAVE’s recent price increase is the rise in trading volume. In the last 24 hours, the volume reached 338,983,007 USD, indicating strong buyer interest. However, there are early signs that the volume is slightly decreasing, raising concerns that buying pressure may be easing. Analysts are closely monitoring whether there will be another increase in volume, which could either confirm the uptrend or signal a correction.

AAVE network activity also remains stable. By September 2024, the number of addresses holding a balance rose to approximately 161,950. This shows that interest in AAVE remains high despite price fluctuations, and the network continues to display strong user engagement.

Key Support and Resistance Levels

The AAVE/USDT pairing continues to show a pattern of higher highs and higher lows, indicating a positive price trajectory. The weekly candlestick chart recently closed above a consolidation zone that lasted over 800 days. Should a pullback occur, analysts see the support at 108 USD as crucial to maintaining the uptrend.

Our Assessment

AAVE currently shows strong signs of continuing its upward trend. The technical indicators and increased trading volume support this forecast. However, investors should be cautious as the volume is slightly decreasing, and overbought conditions may be present. A pullback to the support level at 108 USD is possible before the next significant rise occurs. It will be interesting to see if AAVE can reach the forecasted price target of 180 to 200 USD.

100% without limit + 100 Free Spins
Welcome bonus
Cryptocurrencies (20)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Bonk Coin Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Floki Coin Logo
  • Litecoin Casino
  • Pepe Coin Logo
  • Polygon (MATIC) Signet
  • Ripple XRP Logo
  • Tamadoge Logo
  • Tether (USDT) Logo
  • Toncoin Logo
  • tron-logo
  • usd-coin-logo
CoinKings review
Bonus Information CoinKings
Wagering requirements 35x bonus
35x free spins winnings
Minimum deposit €20
Maximum bet €5
Bonus validity 30 days to claim
14 days to wager / 7 days for free spins
  • There is no maximum bonus amount.
  • 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
How did we rate this casino

In addition to an unlimited bonus, Coinkings.io has a lot to offer. We have a high tolerance for VPNs, an impeccable selection of cryptocurrencies and, above all, an experienced team that immediately provided a wide range of games. In combination, all of this is very convincing.

Author & Responsibility: Gregor Ziegler
Last update by Christian Dräger on 3. October 2024
Anjuan Gaming
Anjouan
Licence
Curaçao License
Curaçao
Licence
Up to 1.03 BTC + 225 Free Spins
Welcome bonus
Cryptocurrencies (29)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Bonk Coin Logo
  • Chainlink_Logo
  • dai-logo
  • Dogecoin Logo
  • Ethereum Logo
  • Floki Coin Logo
  • Litecoin Casino
  • Pepe Coin Logo
  • Polygon (MATIC) Signet
  • Ripple XRP Logo
  • Tether (USDT) Logo
  • Toncoin Logo
  • tron-logo
  • usd-coin-logo
  • Zcash Signet (black)
Bets.io review
Bonus Information Bets.io
Wagering requirements 40x bonus
40x free spins winnings
Minimum deposit 0.0005 BTC
Maximum bet 0.00004 BTC
Bonus validity 30 days after registration
14 days (1st), 7 days (2nd), 1 day (3rd)
  • To get the bonus, enter the bonus code before the deposit.
  • Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
  • Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
  • Free spins are provided in batches of 25 per day.
  • Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
How did we rate this casino

Bets.io stands out as one of our top-rated crypto casinos. It combines everything you love about Dama casinos — like a stellar game selection and rock-solid reliability — with a refreshing twist: no frustrating KYC processes and no outdated payment methods.

Author & Responsibility: Steven Harper
Last update by Isabella Brown on 16. September 2024
Anjuan Gaming
Anjouan
Licence
100% up to 1 BTC
Welcome bonus
Cryptocurrencies (9)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Tether (USDT) Logo
  • tron-logo
  • usd-coin-logo
Metaspins review
Bonus Information Metaspins
Wagering requirements 40x bonus
Minimum deposit 0,1 mBTC
Maximum bet $5 per spin
Bonus validity 7 days to wager
  • There is no cap on winnings or withdrawals.
How did we rate this casino

Metaspins is still a very young crypto casino, but it can already convince with a very modern website, a good selection of games and, above all, an excellent bonus.

Isabella Brown
Author & Responsibility: Isabella Brown
Last update by Gregor Ziegler on 12. September 2024
Curaçao License
Curaçao
Licence

Latest News

Isabella Brown

Created by

Online Gambling, Greece and my dog Gringo are my three favorite things in my life. Before working for Kryptocasinos.com I was leading the content team of an iGaming Online magazine where I was focused on researching casinos, their licenses and the connection between the members of the industry.
Reviewed by
Slot-Enthusiast and Developer

Last update: 25. September 2024

kryptocasinos.com Logo Advertising transparency

We are independent, transparent and funded by revenue we generate when you sign up at a casino through us.

Our goal is to help you make better decisions when choosing a casino by offering different information, providing filters and comparison tables, and publishing objective content. Thus, we give you the opportunity to research for free, compare casinos and make your decision based on that.

We cannot guarantee that a casino that is very good for us will fit your type of player and your circumstances.

Why trust us?

We work according to transparent editorial guidelines and disclose our testing methods as well as funding. This article may contain links to our partners, but this does not influence our objective view in any way.

🍪
We use cookies. By using this site, you accept them.

Compare Casinos Choose up to 3 casinos to compare