Aave

Dogecoin

bullish

Captain

<p>The price of Aave could be ready for a rally as it is seen retesting a key support level on the daily time frame. A successful retest could see the price spike to the last swing high at around $150.</p>
<p>On the monthly timeframe, there is an ongoing breakout from an accumulation zone around the same $131 area. This could be a trigger for a more long-term rally.</p>
<p>Going by the information on the daily time frame, a successful retest of this $131 zone should see a rally toward $150 by the end of this week.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="480" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-50-1024x480.png" alt="" class="wp-image-551099" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-50-1024x480.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-50-300x141.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-50-768x360.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-50-1536x720.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-50-2048x960.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-50-320x150.png 320w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-50-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-50-746x350.png 746w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-50-788x369.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-50.png 1802w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><strong><em>Read Also: <a href="https://captainaltcoin.com/why-is-mantra-om-price-up-analyst-eyes-big-move-soon/" target="_blank" rel="noopener noreferrer nofollow">Why Is Mantra (OM) Price Up? Analyst Eyes ‘Big Move Soon’</a></em></strong></p>
<h2 class="wp-block-heading" id="indicators-support-bullish-outlook">Indicators Support Bullish Outlook</h2>
<p>The <a href="https://fxopen.com/blog/en/what-is-rsi-in-crypto-and-how-to-use-the-indicator-in-trading/" target="_blank" rel="noopener noreferrer nofollow">relative strength index</a> is looking favorable with a reading of 57. This shows that the price is in the buyer zone and has a lot of room to run before it becomes overbought in the case of bullish spikes.</p>
<p>The <a href="https://kriptomat.io/finance-investing/how-to-use-moving-averages-for-crypto-trading/" target="_blank" rel="noopener noreferrer nofollow">50-day simple moving average</a> is below the price and could potentially serve as support in case of further drops. This position also suggests that the price is bullish in the short term.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="480" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-52-1024x480.png" alt="" class="wp-image-551115" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-52-1024x480.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-52-300x141.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-52-768x360.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-52-1536x720.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-52-2048x960.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-52-320x150.png 320w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-52-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-52-746x350.png 746w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-52-788x369.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-52.png 1802w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Medium-term and long-term 100-day and 200-day simple moving averages are showing a bullish signal but provide more room for the price to retrace in case it continues to drop.</p>
<h2 class="wp-block-heading" id="aave-broader-price-outlook">AAVE Broader Price Outlook</h2>
<p>Looking at the Aave price from a broader perspective, the price broke out of a 4-month accumulation zone in mid-August, and this was followed by a spike to the $150 area. Then the price came back for a retest, which also followed about a week of accumulation.</p>
<p>The price broke out from the 1-week-long accumulation yesterday, and a successful restest today should see a continued rise.</p>
<p><strong><em>Read Also:<a href="https://captainaltcoin.com/is-dogecoin-dead-this-sign-suggest-a-potential-doge-price-rebound-is-on-the-horizon/" target="_blank" rel="noopener noreferrer nofollow"> Is Dogecoin Dead? This Sign Suggests a Potential DOGE Price Rebound Is On The Horizon</a></em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="480" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-53-1024x480.png" alt="" class="wp-image-551125" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-53-1024x480.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-53-300x141.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-53-766x359.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-53-1536x720.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-53-2048x960.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-53-320x150.png 320w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-53-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-53-747x350.png 747w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-53-788x369.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-53.png 1803w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The weekly time frame also tells the story better with a breakout candle, a retest candle, and the candle we have already this week is a continuation candle.</p>
<p>If the price goes back into the accumulation zone below $116, this price outlook will become invalid.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/aave-looks-ready-for-next-leg-up-as-bullish-metrics-align-heres-the-price-outlook/" rel="noopener noreferrer nofollow">AAVE Looks Ready for Next Leg Up as Bullish Metrics Align: Here’s the Price Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

AAVE Looks Ready for Next Leg Up as Bullish Metrics Align: Here’s the Price Outlook

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