AAVE Could Rise to $236 If THIS Condition Is Met

AAVE Could Rise to $236 If THIS Condition Is Met

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  • AAVE’s prospects hinge on crucial benchmarks, making ⁤its ability to break through a key resistance level⁤ vital for any potential rally.
  • If AAVE fails to breach this resistance, it could see a decline towards $116​ or even $113.5.

As of the latest update, Aave [AAVE] ⁣has seen an increase of 6.63% over ‌the last day despite mixed results earlier in the week.

Sustaining this upward⁣ trend could negate weekly losses and position AAVE on an upward path compared to its performance during the previous two weeks.

The next moves for AAVE remain uncertain—is there a possibility of a substantial rally soon ⁤or is it still quite distant?

AAVE’s bounce appears probable

Currently, AAVE seems to be gaining traction in its push against the resistance at $153.72—a price point ‍characterized by significant selling pressure that caused declines in prior attempts.

If this hurdle⁤ is successfully surpassed, AAVE’s next objective will be⁢ $236.45 where there’s considerable ‍liquidity indicated on the chart.

A more immediate goal lies at $162.60 which features close resting liquidity as identified​ by Hyblock.

If trader interest wanes here, however, ⁤prices could drop ⁢towards ‌$113.50—another level where ⁢liquidity accumulates significantly.

p > Source: Hyblock Capital p > div >

Investors continue accumulating profitable positions ​on AAVE b > h2 >

Profit ‌Graph{/* Placeholder image should⁢ be replaced */}
At present, approximately 9.06k addresses (or 71.04%) reflect profitability—indicating investors may maintain momentum pushing prices higher. span >
p > Source: IntoTheBlock. div >

This notable reduction of⁣ active addresses ⁤by 46.48%⁢ signals a bullish trend; fewer holders seem inclined to sell their assets and prefer retaining them instead.) Meanwhile., circulating supply ​has decreased across exchanges over just the past day—a clear ‌reflection of steadfast holding behavior ⁤among investors.

> The possibility of dropping down to $116 poses risks for growth​ momentum ​ahead,

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