Is AAVE the Next Big Altcoin Pump?
AAVE price is sending strong bullish signals on both the daily and hourly charts. After months of consolidation and decline, the recent breakout above key resistance levels hints at a potential trend reversal. Let’s decode the price action using the latest TradingView data and determine where Aave price might head next.
Aave Price Prediction: What Does the Daily Chart Reveal?
AAVE/USD Daily Chart- TradingView
The daily chart of AAVE price shows a robust breakout pattern. Price is currently trading at $259.88, up 2.16% on the day. More importantly, AAVE price has broken above its 100-day and 200-day moving averages , which are currently around $231.49 and $223.62, respectively. This move is technically significant as it marks a shift from bearish to bullish momentum.
Notably, the moving average ribbon (20, 50, 100, 200 SMAs) is beginning to flip, with the shorter-term MAs now sloping upwards and preparing to cross over the long-term MAs. This MA compression and potential crossover is often seen before a sustained rally.
The Heikin Ashi candles reflect strong bullish momentum with consecutive green bodies and no lower wicks, suggesting minimal selling pressure. The breakout above the horizontal resistance at $250–$255, now turned into support, gives bulls more control.
What is the Hourly Chart Telling Us?
AAVE/USD 1 Hr Chart- TradingView
Zooming into the hourly chart, AAVE price has been consolidating above its key short-term support at $257.52 (50 SMA) and $259.28 (20 SMA), forming a tight bullish flag. This consolidation, following a breakout, often precedes another upward impulse.
Price touched a high of $264.75 and has pulled back slightly, now hovering around $264.27. If bulls manage to break and close above $265, the next key psychological and technical level is $280, followed by the $300 mark.
The short-term price structure shows higher highs and higher lows, a textbook bullish formation. This structure, combined with price hugging the upper Bollinger Band and consistently testing resistance, confirms accumulation.
What Are the Key Levels to Watch?
Let’s break down the levels using Fibonacci and price structure:
- Support 1: $257 – Current SMA cluster and breakout retest zone
- Support 2: $231 – Confluence of 200 SMA on daily
- Resistance 1: $265 – Intraday high and immediate breakout zone
- Resistance 2: $280 – April swing high
- Resistance 3: $300 – Major psychological barrier
A quick Fibonacci extension from the recent swing low at $165 (early April bottom) to the swing high at $264 gives a 1.618 extension target at $305, lining up with the psychological $300 zone.
Calculation:
$264 − $165 = $99 (swing range)
1.618 × $99 = $160.68
Target = $165 + $160.68 ≈ $325 (Aggressive bull target)
But conservative projection at 1.272 extension = $165 + (1.272 × $99) = $291
What’s the Aave Price Prediction for the Next 7 Days?
If Aave price maintains its hold above the $257–$260 range , it is likely to test $265–$270 early in the week. A breakout above $270 can accelerate the move toward $290–$300. The momentum is strong, but a failure to close above $265 may trigger a retest of $250.
Given the bullish price action, upward-sloping moving averages, and strong market structure, the probability of testing $300 in the next 7–10 days is high, especially if broader market sentiment stays favorable.
Final Take: Is Now a Good Time to Buy AAVE?
AAVE price appears to be in the early stages of a new bullish trend . The daily chart breakout, bullish structure on the hourly, and rising moving averages all suggest strength. As long as Aave price stays above $250, the bulls are in control.
Short-term traders may target $280–$300, while long-term investors should watch for a retest of $231 as a strong buy-the-dip zone. A decisive daily close above $265 could unlock rapid upside potential, making now a critical time for AAVE watchers.
AAVE price is sending strong bullish signals on both the daily and hourly charts. After months of consolidation and decline, the recent breakout above key resistance levels hints at a potential trend reversal. Let’s decode the price action using the latest TradingView data and determine where Aave price might head next.
Aave Price Prediction: What Does the Daily Chart Reveal?
AAVE/USD Daily Chart- TradingView
The daily chart of AAVE price shows a robust breakout pattern. Price is currently trading at $259.88, up 2.16% on the day. More importantly, AAVE price has broken above its 100-day and 200-day moving averages , which are currently around $231.49 and $223.62, respectively. This move is technically significant as it marks a shift from bearish to bullish momentum.
Notably, the moving average ribbon (20, 50, 100, 200 SMAs) is beginning to flip, with the shorter-term MAs now sloping upwards and preparing to cross over the long-term MAs. This MA compression and potential crossover is often seen before a sustained rally.
The Heikin Ashi candles reflect strong bullish momentum with consecutive green bodies and no lower wicks, suggesting minimal selling pressure. The breakout above the horizontal resistance at $250–$255, now turned into support, gives bulls more control.
What is the Hourly Chart Telling Us?
AAVE/USD 1 Hr Chart- TradingView
Zooming into the hourly chart, AAVE price has been consolidating above its key short-term support at $257.52 (50 SMA) and $259.28 (20 SMA), forming a tight bullish flag. This consolidation, following a breakout, often precedes another upward impulse.
Price touched a high of $264.75 and has pulled back slightly, now hovering around $264.27. If bulls manage to break and close above $265, the next key psychological and technical level is $280, followed by the $300 mark.
The short-term price structure shows higher highs and higher lows, a textbook bullish formation. This structure, combined with price hugging the upper Bollinger Band and consistently testing resistance, confirms accumulation.
What Are the Key Levels to Watch?
Let’s break down the levels using Fibonacci and price structure:
- Support 1: $257 – Current SMA cluster and breakout retest zone
- Support 2: $231 – Confluence of 200 SMA on daily
- Resistance 1: $265 – Intraday high and immediate breakout zone
- Resistance 2: $280 – April swing high
- Resistance 3: $300 – Major psychological barrier
A quick Fibonacci extension from the recent swing low at $165 (early April bottom) to the swing high at $264 gives a 1.618 extension target at $305, lining up with the psychological $300 zone.
Calculation:
$264 − $165 = $99 (swing range)
1.618 × $99 = $160.68
Target = $165 + $160.68 ≈ $325 (Aggressive bull target)
But conservative projection at 1.272 extension = $165 + (1.272 × $99) = $291
What’s the Aave Price Prediction for the Next 7 Days?
If Aave price maintains its hold above the $257–$260 range , it is likely to test $265–$270 early in the week. A breakout above $270 can accelerate the move toward $290–$300. The momentum is strong, but a failure to close above $265 may trigger a retest of $250.
Given the bullish price action, upward-sloping moving averages, and strong market structure, the probability of testing $300 in the next 7–10 days is high, especially if broader market sentiment stays favorable.
Final Take: Is Now a Good Time to Buy AAVE?
AAVE price appears to be in the early stages of a new bullish trend . The daily chart breakout, bullish structure on the hourly, and rising moving averages all suggest strength. As long as Aave price stays above $250, the bulls are in control.
Short-term traders may target $280–$300, while long-term investors should watch for a retest of $231 as a strong buy-the-dip zone. A decisive daily close above $265 could unlock rapid upside potential, making now a critical time for AAVE watchers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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