AAVE (AAVE) Price Prediction 2023-2025: Where Will the AAVE Price Head

Aave (AAVE) price has witnessed a strong uptrend. This uptrend was marked by a consistent surge and led to an advance of 180% in the price over the past year.

Aave (AAVE) price has witnessed a strong uptrend. This uptrend was marked by a consistent surge and led to an advance of 180% in the price over the past year.

The impressive rise has garnered the attention of investors and analysts. It raised the question: Where will the AAVE price head in with this strong momentum?

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AAVE Price Witnessed Increased Market Activity

At press time, the market cap ranking of AAVE crypto was #35, followed by a market cap dominance of 0.11%. Also, the token’s market cap value was worth $2.22B, which advanced by 6.9% in the last 24 hours.

The traders’ engagement advanced in the token in the last 24 hours following a surge of 80% in traded volume. The token’s market cap was worth $505.252M, 23% of its market cap.

This showed huge volatility in the AAVE price, making it easier to buy or sell in different market conditions.

Moreover, the tokens’ supply inflation was 2.71%, followed by a circulating supply of 14.929 Million AAVE. At the same time, the token was down by 77% from the all-time high price.

The token’s derivatives traded volume witnessed a considerable advance of 130%, resulting in a traded value of $1.35B. This showed a rise in traders’ interest in token derivatives as the open interest advanced by 32.0%.

What Does Financial Data Of AAVE Token Indicate?

The AAVE crypto had 169K holders; its top 10 holders held 55.40% of the total supply. The holders’ chart showed a rise in the total number of token holders over time. At press time, 60% of the token’s holders were in profit, while 37% witnessed a loss.

The large holder concentration in the AAVE crypto was 79%, and 77% of the token holders held it for more than 1 year. The token also witnessed total exchange inflows of $82.49M.

What Does Technical Charts Of AAVE Token Represent?

The AAVE price has recently experienced a notable 60% surge. A breakout from a previous descending triangle pattern drove it. This surge represented a critical phase for AAVE, as the token faced a similar pattern emerging on the daily chart.

Over the last two days, the token has maintained steady gains. It has pushed the AAVE price to new higher highs on the chart. This upward movement reflected strong bullish momentum, further reinforced by the token breaking through key resistance levels.

As AAVE crypto continues to exhibit this bullish behavior, the price action signals the potential for further growth. This was accompanied by the traders closely watching the evolving pattern for confirmation of continued strength.

AAVE Token’s Technical Indicators Show Strong Potential In Price

The 20, 50, and 200-day EMAs have recently formed a golden cross, a bullish indicator, with the price trading above these key moving averages. This alignment signals a strong surge in AAVE’s price strength, reinforcing positive sentiment in the market.

AAVE/USD Chart by TradingView

Additionally, the MACD and signal line are trending in a bullish direction, although the histograms on the chart remain uncertain. However, some metrics are indicating a bearish crossover. This could lead to increased volatility in the short term, creating a mixed outlook for traders.

The RSI has remained above the 50 level, signaling a bullish cycle, and has recently entered the overbought zone. This movement reflected the underlying strength in AAVE’s price action.

Looking at key levels, AAVE finds support at $76.00 and $117.00, while resistance is at $153.00 and $200.00. These levels will be critical in determining the token’s next move in the market.

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

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