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.

For further insights or questions, you will receive 30 days of access to our premium environment for just 1 euro, where our experienced analysts will be happy to help you. Please note: Our analysts are not financial advisors and this information is for guidance only.

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.

Good news for Dutch crypto traders

The new partnership between Bybit and SATOS, which has a license from the Dutch bank, gives Dutch traders access to 400 new cryptocurrencies. Bybit offers the largest range of cryptocurrencies in the Netherlands. Don't have a Bybit account yet? Register using this link and receive 20 euros in crypto as a welcome gift.

Read Also:  Microsoft Office 2024: Release, subscription and one-time purchase, Windows 10 support, price

Do you need help?

In our premium environment you will find our extensive trading plan with the latest updates. As a Premium Member, you enter a safe place where traders of all experience levels share knowledge. Ask experienced analysts and top traders about trading, market trends and crypto topics in a lively community. We also organize weekly live streams and webinars for traders who want to delve deeper into technical analysis.

Try it for 1 euro for 30 days


Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. These therefore serve exclusively educational purposes.

Post views: 61

Recent Articles

Related News

Leave A Reply

Please enter your comment!
Please enter your name here