Aave price remains stable and optimistic despite a bearish market

Aave (AAVE), known for its contribution to DeFi, is examined in our analysis today. The focus is on the price prediction for AAVE for the near future. This article contains analysis from our premium environment.

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Technical analysis of aave (AAVE) price

The analysts at Crypto Insiders have once again done their best with a new analysis for AAVE. They recently shared the following in the Premium environment:

“Our current opinion on AAVE remains unchanged as long as the price remains above the invalidation level. Despite the recent challenges for altcoins, we remain bullish on AAVE, especially as long as the price remains above $82.

This stability gives us confidence in AAVE's potential. Recently we observed an ABC Elliott wave pattern that we interpret as part of wave 2 of a larger 12345 Elliott wave pattern.

This leads us to expect an upward movement. We expect this increase could take us to at least $140 in the medium term. While it is possible that we may initially see a period of sideways price action, the outlook for AAVE is generally positive.”

Date of analysis: January 20th. Link to trading view:

The charts are from TradingView. This allows you to easily perform crypto analysis, such as an ETH-USD chart.

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