Aave

Convergence

bullish

Divergence

Aave (AAVE) price has recently experienced a notable increase in its value, showing upward as other cryptocurrencies struggle to stabilize. The currency maintains its bullish momentum, positioned well above key support levels. This strength comes after a correction period, suggesting potential for further gains. 
<h2 id="strong-aave-price-leads-as-top-performer-today-strong">Aave Price Leads as Top Performer Today</h2> 
Aave price has experienced a significant upswing, making it today’s top performer in the cryptocurrency market. This growth contrasts with the declines seen in other digital currencies.&nbsp; 
Currently, the BTC price remains just under the $60,000 mark. Meanwhile, the Ethereum price is steady, hovering around $2,500. Most<a href="https://coingape.com/cryptocurrency-prices-today-aug-30-btc-eth-fight-turbulence-beam-egld-soar-4/"> crypto market coins</a>, except for Aave, have seen a downturn in their values. This trend underscores Aave’s standout performance amidst a general market retreat. 
<h2 id="strong-can-the-current-momentum-breach-the-150-mark-soon-strong">Can the Current Momentum Breach the $150 Mark Soon?</h2> 
Over the past 24 hours, the Aave has exhibited a robust performance, with its price trajectory indicating an upward trend. The bulls have maintained their momentum, consistently keeping the price above the $100 mark. The <a href="https://coingape.com/price/aave/">AAVE price </a>hovered at $132.27, making a strong surge of approximately 8% during the European trading session.&nbsp; 
The 4-hour <a href="https://coingape.com/best-indicators-for-crypto-trading/">technical indicators</a> for AAVE price show a bullish trend, with the asset experiencing significant gains within a channel pattern. The Moving Average Convergence Divergence (MACD) recently crossed its signal line, pointing toward potential upward momentum. This comes after a period of consolidation, as indicated by the flat movement in the histogram just before the crossover. 
<figure id="attachment_214822" aria-describedby="caption-attachment-214822" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-214822" src="https://coingape.com/wp-content/uploads/2024/08/AAVEUSD_2024-08-31_11-43-40.png" alt="Will Aave Price Hit $200 by End of September" width="1154" height="622" srcset="https://coingape.com/wp-content/uploads/2024/08/AAVEUSD_2024-08-31_11-43-40.png 1154w, https://coingape.com/wp-content/uploads/2024/08/AAVEUSD_2024-08-31_11-43-40-300x162.png 300w, https://coingape.com/wp-content/uploads/2024/08/AAVEUSD_2024-08-31_11-43-40-768x414.png 768w, https://coingape.com/wp-content/uploads/2024/08/AAVEUSD_2024-08-31_11-43-40-150x81.png 150w" sizes="(max-width: 1154px) 100vw, 1154px">
 <figcaption id="caption-attachment-214822" class="wp-caption-text">
 Aave Price Chart| Source: <a rel="nofollow" href="https://www.tradingview.com/x/XjuRoPm4/">TradingView</a>
 </figcaption>
</figure> 
According to <a rel="nofollow" href="https://www.coinglass.com/currencies/AAVE">Coinglass</a>, Aave has recently experienced significant trading activity. The trading volume for Aave surged by 50%, reaching a substantial $358.65 million. Additionally, the open interest in Aave derivatives has also seen a notable increase, climbing by 21.20% to $133.62 million. These metrics indicate a heightened investor interest and market movement surrounding Aave. 
<figure id="attachment_214823" aria-describedby="caption-attachment-214823" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-214823" src="https://coingape.com/wp-content/uploads/2024/08/Source-Coinglass-29.png" alt="Will Aave Price Hit $200 by End of September" width="1359" height="324" srcset="https://coingape.com/wp-content/uploads/2024/08/Source-Coinglass-29.png 1359w, https://coingape.com/wp-content/uploads/2024/08/Source-Coinglass-29-300x72.png 300w, https://coingape.com/wp-content/uploads/2024/08/Source-Coinglass-29-1224x292.png 1224w, https://coingape.com/wp-content/uploads/2024/08/Source-Coinglass-29-768x183.png 768w, https://coingape.com/wp-content/uploads/2024/08/Source-Coinglass-29-150x36.png 150w" sizes="(max-width: 1359px) 100vw, 1359px">
 <figcaption id="caption-attachment-214823" class="wp-caption-text">
 Source- Coinglass
 </figcaption>
</figure> 
Aave price is showing signs of entering a bullish market phase. The current uptrend indicates a possible breach of the $150 resistance level soon. If this upward momentum persists, the<a href="https://coingape.com/best-altcoins/"> top altcoin </a>price may soon reach $160. There’s potential for the price to hit $200, marking a gain of more than 98% by the end of September. 
The post <a href="https://coingape.com/markets/will-aave-price-hit-200-by-end-of-september/">Will Aave Price Hit $200 by End of September</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Will Aave Price Hit $200 by End of September

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