The Aave price prediction shows that AAVE will likely break above the moving averages as the coin prepares for a spike above $105.

Aave Prediction Statistics Data:

• Aave price now – $100.5
• Aave market cap – $1.5 billion
• Aave circulating supply – 14.7 million
• Aave total supply – 16 million
• Aave Coinmarketcap ranking – #50

AAVE/USD Market

Key Levels:

Resistance levels: $115, $120, $125

Support levels: $84, $80, $76

AAVE/USD is refreshing to a new high after touching the daily high at $103.8. The coin is currently trading at $100.5 with a bullish crossover and trend the intraday. Today, the Aave price is likely to cross above the 9-day and 21-day moving averages as the higher resistance is expected at the $110 resistance level.

Aave Price Prediction: Aave Price Ready to Spike

At the time of writing, the Aave price is likely to increase the bullish movement if the price crosses above the moving averages. Currently, the market is likely to experience a bullish movement if the buyers increase the pressure and this could send bullish signals to encourage more buyers to enter the market.

Meanwhile, as the 9-day MA slides below the 21-day MA, the coin may visit the downside and the price could hit the support levels at $84, $80, and $76 respectively. Moreover, if the bulls push the coin above the resistance level of $110, there may be a strong bullish movement which could push the market to the resistance levels of $115, $120, and $125.

AAVE/BTC May Consolidate to the Upside

Against Bitcoin, the Aave price is heading toward the 9-day and 21-day moving averages as the price moves to break into the upside. However, the bulls may need to push the coin above the moving averages to reclaim the daily high of 2273 SAT. Meanwhile, the fact that the market keeps ranging, the crypto is likely to make a bullish cross above the 9-day and 21-day moving averages to confirm the bullish movement.

Nevertheless, if the buyers push the market price toward the upper boundary of the channel, AAVE/BTC may touch the resistance level of 2600 SAT and above. On the other hand, strong selling pressure could bring the price below the lower boundary of the channel, and this could attract new sellers coming into the market with the next focus on the support level of 1700 SAT and below.

Aave Alternatives

Based on the daily chart analysis, should Aave’s price surpass the resistance level of $65.4 in conjunction with the 9-day and 21-day moving averages, it is poised for a bullish rally. Currently, bullish momentum could escalate, attracting a surge of buyers to the market.

Meanwhile, Bitcoin Minetrix stands out as an innovative token compared to Aave (AAVE), which has a $1.5 billion market cap potentially limiting its profit growth. In contrast, Bitcoin Minetrix, with its decentralized cloud mining platform, has gathered an impressive $8.2 million during its presale, indicating a promising future.

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
• Source: https://insidebitcoins.com/news/aave-price-prediction-for-today-january-10-aave-technical-analysis