The Aave price prediction shows that AAVE could be ready for the uptrend, and it may fundamentally break above the channel.

Aave Prediction Statistics Data:

• Aave price now – $115.1
• Aave market cap – $1.7 billion
• Aave circulating supply – 14.6 million
• Aave total supply – 16 million
• Aave Coinmarketcap ranking – #50

AAVE/USD Market

Key Levels:

Resistance levels: $140, $145, $150

Support levels: $95, $90, $85

AAVE/USD is likely to cross above the upper boundary of the channel to increase the bullish movement. Meanwhile, the cryptocurrency might begin another bullish run back above $129 if the market price crosses above the channel. Meanwhile, any positive break above this barrier is the first signal needed for the buyers to press higher.

Aave Price Prediction: Aave (AAVE) Spikes to the Upside

The Aave price is currently hovering above the 9-day and 21-day moving averages. If the buyers continue to grind higher, the first resistance level may come at $130 as this could also be followed by $135. However, additional resistance levels can then be found at $140, $145, and $150. On the other side, if the Aave price slides toward the lower boundary of the channel, it could hit the first support level at $110.

However, crossing below the lower boundary of the channel may lead to the critical support levels at $95, $90, and $85 respectively. The 9-day MA keeps hovering above the 21-day MA, which indicates that buyers may begin to gain control of the market, and this could mean that another signal of AAVE could be pushing toward the north soon.

AAVE/BTC Trades Bullishly

Against Bitcoin, the daily chart shows that the Aave price stays above the 9-day and 21-day moving averages. As the price stables above this barrier, there is a possibility that additional gains could be obtained. Therefore, the next resistance level is close to the 3000 SAT level. If the price keeps rising, it could even break the 3300 SAT and above.

However, if the bears regroup and slide below the 9-day and 21-day moving averages, 2400 SAT support may play out before rolling to the critical support at 2200 SAT and below. Meanwhile, the 9-day moving average remains above the 21-day moving average, suggesting bullish movement.

Alternatives to Aave

Upon examining the daily chart, it appears that the Aave price is poised for a bullish surge, especially if it manages to surpass the channel’s upper boundary and reclaim the $129.8 resistance level. Currently, bullish momentum could intensify, enticing more buyers to join the market.

As this unfolds, traders have the opportunity to delve into $BTCMTX, offering a distinct cryptocurrency prospect. In contrast, the Aave’s substantial $1.7 billion market cap might somewhat diminish its market impact due to its vast size. Yet, with $BTCMTX surpassing $6.5 million during its presale phase and boasting a more modest market cap, it underscores significant growth potential for the token.

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• Source: https://insidebitcoins.com/news/aave-price-prediction-for-today-december-28-aave-technical-analysis