bullish

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<p><a href="https://captainaltcoin.com/aave-looks-ready-for-next-leg-up-as-bullish-metrics-align-heres-the-price-outlook/" target="_blank" rel="noopener noreferrer nofollow">AAVE is at the center of bullish predictions</a>, as highlighted by the crypto analyst, World of Charts. In a tweet, World of Charts shared insights suggesting that AAVE is about to breakout.&nbsp;</p>
<p>The token has been consolidating within a bullish pennant pattern, with a potential price rally to $180–$200 in the coming days. This prediction stands out as the altcoin market has generally had declines, further emphasizing AAVE’s relative strength in recent months.</p>
<h3 class="wp-block-heading" id="strong-bullish-pennant-formation-in-aave-strong"><strong>Bullish Pennant Formation in AAVE</strong></h3>
<p>Per World of Charts’ analysis, a bullish pennant pattern is building on AAVE’s price chart, which frequently indicates an uptrend continuation.&nbsp; The AAVE chart shows a converging triangle formed by increasing lows and consistent highs.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24Aave&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$Aave</a><a href="https://twitter.com/hashtag/Aave?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Aave</a> On Verge Of Another Breakout Conoslidating Within Bullish Pennant Incase Of Successful Breakout Expecting Move Towards 200$ Aave Shows Strength In Recent Months While Whole Altcoin Market Goes Down &amp; Still Looking Strong To Test 180-200$ In Coming Days <a href="https://t.co/RMYnfyzlQb" target="_blank" rel="noopener noreferrer nofollow">https://t.co/RMYnfyzlQb</a> <a href="https://t.co/BrCYBuo3VF" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/BrCYBuo3VF</a></p>— World Of Charts (@WorldOfCharts1) <a href="https://twitter.com/WorldOfCharts1/status/1833051399133008077?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 9, 2024</a>
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<p>Numerous tests of the upper resistance line at $150 indicate that a breakout over this level may lead to a spike in price. Additionally, the stability of the support level between $120 and $125 supports the optimistic perspective.&nbsp;</p>
<p>According to World of Charts, <a href="https://ambcrypto.com/is-aave-the-next-big-crypto-winner-what-indicators-tell-you/" target="_blank" rel="noopener noreferrer nofollow">AAVE’s rise indicates that the token</a> is ready for a substantial upward advance once the breakout happens, even in spite of the altcoin market’s weakness.</p>
<h3 class="wp-block-heading" id="strong-potential-price-rally-to-200-strong"><strong>Potential Price Rally to $200</strong></h3>
<p>The tweet includes a projected <a href="https://coinmarketcap.com/currencies/aave/" target="_blank" rel="noopener noreferrer nofollow">price estimate for AAVE</a>, predicting a range of $180 to $200. This target is generated from the height of the pennant. This implies that a successful breakout might result in an over 40% increase over the present price.</p>
<p>Additionally, volume plays a crucial role in confirming breakouts. A surge in trading volume would support the idea of a strong upward trend. Consequently, a confirmed breakout could propel AAVE toward the anticipated $180–$200 price range.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/where-is-the-sui-price-headed-next-after-a-20-pump/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Where Is the SUI Price Headed Next After a 20% Pump</em></strong><br></a></p>
<h3 class="wp-block-heading" id="strong-risks-and-market-conditions-strong"><strong>Risks and Market Conditions</strong></h3>
<p>However, the analysis also acknowledges the risks involved. If AAVE is unable to breach the $150 resistance, it might carry on accumulating strength or retreat in the direction of the support line. The bullish setup might be invalidated and further fall could result from a drop below $120.</p>
<p>AAVE has demonstrated durability during a wider market slump, despite these dangers. AAVE has held its place despite the struggles of many other cryptos, indicating a great possibility for growth soon.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>AAVE is currently positioned for a potential breakout, with technical indicators suggesting a rally to $180–$200. World of Charts’ analysis highlights the bullish pennant formation and the significance of the $150 resistance level.&nbsp;</p>
<p>With AAVE showing strength in a weakened market, traders are closely watching for confirmation of the breakout.</p>
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<p>The post <a href="https://captainaltcoin.com/expert-predicts-aave-price-rally-to-200-heres-his-outlook/" rel="noopener noreferrer nofollow">Expert Predicts AAVE Price Rally to $200: Here’s His Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert Predicts AAVE Price Rally to $200: Here’s His Outlook

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