Aave

bullish

Convergence

Billion

Rise

<p>The post <a href="https://coinpedia.org/price-analysis/aave-price-regains-100-eyes-to-surge-30-this-august/" rel="noopener noreferrer nofollow">AAVE Price Regains $100, Eyes To Surge 30% This August?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Despite increased bearish price action in the crypto market, the AAVE price has continued trading under a bullish sentiment, indicating a positive influence for the altcoin in the cryptocurrency space.</p>
<p>Positively, these altcoins have displayed a strong bullish sentiment over the past few days. This has resulted in it securing the 47th position in the global crypto-list with a market capitalization of $1.614 Billion and a 24-hour trading volume of $213.616 Million.</p>
<p>Dive in as, in this article, we have covered the market sentiments, price action, and possible short-lived price targets of the Aave (AAVE) crypto token.</p>
<h2 class="wp-block-heading" id="h-aave-crypto-price-records-increased-bullish-action">Aave Crypto Price Records Increased Bullish Action:</h2>
<p>With a jump of over 8% within the past day, the <a href="https://coinpedia.org/price-prediction/aave-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Aave price</a> continues trading under a bullish sentiment. Notably, the altcoin has approximately 16% over the past week, highlighting a rising interest of investors in it. Further, it has formed an ascending channel pattern, suggesting a positive outlook.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdyV1eWXL_EkGvaqko_vMLd1xbNwHHB8RJBFZJzT3hGT1PmqWD6nMcO6VmJ6-2-i_MQkQn0T2FOvB4CFlMLsYAkJvsTOXPrRZyudw28wEjU_dAmWGTgLPfe8fVDpuksL79lqxcH8I_z2K9X9y1ERGBQmM9E?key=sVNmzFlFdqO16bVHRrmvkg" alt="AAVE Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: AAVE/USDT
 </figcaption>
</figure>
<p>The Moving Average Convergence Divergence (MACD) has displayed a constant rise in the green histogram. Moreover, the averages record a high possibility of a bullish convergence, indicating an increase in the buying pressure for the <a href="https://markets.coinpedia.org/aave/" target="_blank" rel="noopener noreferrer nofollow">AAVE price</a> within the crypto space.&nbsp;</p>
<p>Further, the EMA 50/200-day shows bullish action, suggesting that the Aave coin price will continue to gain value in the coming time.</p>
<h2 class="wp-block-heading" id="h-will-aave-price-rise-back-up">Will AAVE Price Rise Back Up?</h2>
<p>If the market holds the AAVE price above its support level of $105.50, the bulls will prepare to test its resistance level of $118.50. Maintaining the price at that level will set the stage for Aave crypto to head toward its upper high of $131.</p>
<p>Conversely, if the bears regain momentum, the altcoin will plunge toward its support level of $93.75 during the upcoming weeks.</p>

AAVE Price Regains $100, Eyes To Surge 30% This August?

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