bullish

DeFi

Bitcoin

Rise

The post <a href="https://coinpedia.org/price-analysis/bulls-aim-for-a-15-rise-in-the-next-24-hours-will-aave-price-hit-180-in-september/">Bulls Aim for a 15% Rise in the Next 24 Hours: Will AAVE Price Hit $180 in September?&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The <a href="https://coinpedia.org/price-prediction/aave-price-prediction/" target="_blank" rel="noreferrer noopener">AAVE price</a> gained immense strength after the price underwent a parabolic recovery following a rejection of around $145. Although the token failed to clear the yearly highs in its recent attempt, the upcoming rise may offer a fine boost to the growing buying pressure. The price has printed a couple of huge bullish candles and the technicals also remain in their favour, suggesting the token could be primed to close the monthly trade on a bullish note.&nbsp; 
Historically, September is considered to be a bearish month, with the Bitcoin price facing a more than 20% pullback. In the meantime, the AAVE price, which has gained immense strength, is believed to form a new yearly above $150 anytime from now. With a rise of over 15% in the past couple of days and 8% in the past 24 hours, the price is believed to maintain a healthy uptrend in the coming month.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXet9WuRQVaIRIlh1RfkkZ73Ehg1oV06xZ9eiQk94F0NjBVLkLV5a_K27vom9ZGhFMqEtW-uI-X98wvuR8k7L9Awaaw2KSgcOkqYBhXB1uO4qlM73Uyj7t_ETDRkYoaedMRPZB3XBxQk6JWr0wm7epZKcEgu?key=6NrItTW0K-dctyB_IIs7sQ" alt="">
</figure> 
As seen in the above chart, the AAVE price is about to test the upper resistance zone after completing a parabolic recovery. The MACD has displayed a slight rise in bearish pressure but is about to display a bullish crossover. Besides, the +Di &amp; -Di, which were about to undergo a bearish crossover, have detached from each other. Therefore, it substantiates the bullish possibility for the AAVE price rally, which appears to be poised to reclaim the lost levels above $160.&nbsp; 
The crypto market has shown some resilience in recent times, holding off further declines. The total market volume has dipped by 0.77% to $66.35 billion. Despite this, AAVE prices are catching eyes with significant price jumps. After bouncing back strong from $118, the popular DeFi token is setting its sights on $155 and later at $183. With the RSI and EMA displaying bullish vibes, momentum could push AAVE past $200 very soon.&nbsp;

Bulls Aim for a 15% Rise in the Next 24 Hours: Will AAVE Price Hit $180 in September?

CoinPedia News

Other articles published on Aug 31, 2024

Marathon Digital Partners with Kenyan Government for Renewable Energy Bitcoin Mining

RCO Finance (RCOF) Steals the Spotlight with Its Unique Crypto AI Features, A Deep Dive into This...

Crypto Hacks On The Rise in 2024 With $1.2 Billion Lost Till Now

Vitalik Buterin Moves 3,000 ETH, Crypto Community Panics

Solana Faces Decline in Price and Buyer Interest

16.33 Billion Cardano (ADA) in 24 Hours, Are Bulls Back?

Join our free newsletter for daily crypto updates!