Sunday, December 3, 2023

AAVE surges over 103%, price reset likely.

The price of AAVE rocketed over 103% after bottoming at $45.60 on June 18 to almost $95.50 on July 15. It has been up by 25.15% in the last seven days. Aave’s sharp uptrend brought the price closer to the level that had triggered sharp pullbacks since early June.

It is currently dominating the cryptocurrency market with a market dominance of 3.27%. Bulls pushed the price from $90.05 to the highs of $92.45 in just a few hours. At the time of writing this article, Aave was trading at $88.96. It lost 3.67% of its value in the last hour, but gained 6.48% in 24 hours, as per data from CoinMarketCap. After a brief dip, the bulls managed to regain control and pushed the Aave’s price higher.

In the past week, Aave has seen price fluctuation between the $77.66 and $93.83 levels. The price surge took the price to the upper limit of the consolidation range. A further move up may come about in the near term. A breakdown below $67.75 could fling Aave down as much as the height of the flagpole that formed below the bear flag. If that happens, the token could slip to the lows of $35.50 down over 60% from the current price. Analysts say a continued rebound above the bear flag’s upper trendline would invalidate the breakdown setup. As such, the bullish target for Aave will be the $115 – $120 range that served as resistance in June.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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