The AAVE price has embarked on a challenging growth path

26 Jun 2023

Over the weekend, unexpectedly for many, including us, the AAVE price showed a +40% increase.
However, so far, buyers have not been able to gain a foothold above the trend line, which has been in place since 2021.

AAVE buyers still have many tasks ahead of them to develop a positive scenario for the AAVEUSDT price movement:
1. To prevent the price from falling below $59
2. Break through trend line and gain a foothold above $68
3. Start cascading break out the short positions. Each closing of a short position by a stop order = buying on the market order = accelerating growth.
4. Above $85, growth can accelerate significantly.
5. If the above conditions are fulfilled, the medium-term target is $125-126 by AAVE
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more

9 Nov 2023

Trade aktif

Do you think the AAVE price will have time to rise to $126 before the correction begins?