Aave price prediction for today, December 28 – Aave technical analysis

Aave price prediction shows that AAVE is poised for an uptrend and could fundamentally break out of the channel.

Aave predicted statistical data:

• Current Aave price – $115.1
• Aave market cap – $1.7 billion
• Aave Circulating Supply – 14.6 million units
• Aave total supply – 16 million
• Aave Coinmarketcap Ranking – #50

AAVE/USD market

Main level:

Resistance levels: $140, $145, $150

Support levels: $95, $90, $85

AAVE/USD is likely to cross the upper boundary of the channel to increase the bullish move. Meanwhile, if the market price breaks above the channel, the cryptocurrency may see strength again above $129. Meanwhile, a positive break above this barrier is the first signal buyers need to apply higher pressure.

Aave price prediction: Aave (AAVE) rises sharply

Aave price is currently hovering above its 9- and 21-day moving averages. If buyers continue to hold the price higher, the first resistance level could be $130, followed by $135. However, additional resistance levels can be seen at $140, $145, and $150. On the other hand, if Aave price declines towards the lower boundary of the channel, it could reach the first support level at $110.

However, a crossover below the lower limit of the channel could lead to important support levels of $95, $90, and $85, respectively. The 9-day MA continues to hover above the 21-day MA, which indicates that buyers may be starting to take control of the market, which could mean another signal for AAVE to push north soon.

AAVE/BTC is trading bullishly

Looking at the daily chart for Bitcoin, we see that Aave price is hovering above its 9- and 21-day moving averages. There is also the possibility of additional profits as prices stabilize above this barrier. So, the next resistance level is close to the 3000 SAT level. If the price continues to rise, it may break above 3300 SAT.

However, if the bears regroup and slide below the 9- and 21-day moving averages, support at 2400 SAT could emerge before turning into significant support below 2200 SAT. Meanwhile, the 9-day moving average remains above the 21-day moving average, suggesting a bullish movement.

Alternatives to Aave

Looking at the daily chart, it appears that Aave price is poised for a surge, especially if it breaks above the channel upper limit and reclaims the $129.8 resistance level. The current bullish momentum may strengthen, attracting more buyers to join the market.

As this unfolds, traders will have the opportunity to explore $BTCMTX, which offers distinct cryptocurrency prospects. In contrast, Aave has a significant market capitalization of $1.7 billion, so its size may reduce its market influence somewhat. However, $BTCMTX surpasses $6.5 million in the pre-sale phase and boasts a more modest market cap, highlighting the token’s significant growth potential.

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