Aave

Elite

Sherpa

Dogecoin

<p><a href="https://captainaltcoin.com/aave-price-surges-past-145-resistance-is-injective-inj-primed-for-rally/" target="_blank" rel="noopener noreferrer nofollow">Aave (AAVE)</a> has continued to interest crypto experts as it approaches a critical technical level. According to data from CoinGecko at press time, AAVE trades at $149.13.</p>
<p><a href="https://www.coingecko.com/en/coins/aave" target="_blank" rel="noopener noreferrer nofollow">This value reflects</a> a slight 0.27% decline over the past day but a 14.10% increase over the last week. With the 200-week exponential moving average (EMA) looming, analysts have weighed in on the next potential move for the token.</p>
<h2 class="wp-block-heading" id="strong-aave-s-price-analysis-strong"><strong>AAVE’s Price Analysis</strong></h2>
<p>Altcoin Sherpa, a crypto expert, offered observations on AAVE’s price movement stressing the token’s proximity to the 200-week EMA. AAVE was trading about $153.72 at the time of his analysis, displaying strength but perhaps encountering opposition from a wick near the top of the price chart.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$AAVE</a> still undeniably v strong but this is not the area to buy imo. Wick high + 200 W EMA. Would look for a minor dip at $135 to buy OR I would buy this a bit higher. This thing chopped for 2+ years, it looks ready <a href="https://t.co/jvI1HtRJHA" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/jvI1HtRJHA</a></p>— Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1834112434312708171?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 12, 2024</a>
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<p>This wick, according to the analyst, could indicate short-term exhaustion for the token. Altcoin Sherpa pointed out that AAVE has been in a consolidation phase for over two years, as seen by the accumulation volume over 122 bars (approximately 854 days).&nbsp;</p>
<p>Moreover, he suggests that traders may want to consider a buy-in at $135 or wait for a confirmed breakout above the current resistance level. The consolidation and buildup suggest readiness for a major move, but caution is advised until clearer signals emerge.</p>
<h2 class="wp-block-heading" id="strong-aave-s-yearly-highs-and-support-levels-strong"><strong>AAVE’s Yearly Highs and Support Levels</strong></h2>
<p>Another crypto analyst, Daan Crypto Trades, also provided commentary on AAVE’s price action, noting that the token continues to make fresh yearly highs. However, AAVE recently faced rejection near the $154 mark.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$AAVE</a> Still just minding its own business and making fresh cycle/yearly highs. Did reject for now.<br><br>Hold above $154 and this should start accelerating quickly.<br><br>Just needs <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> to hold up. <a href="https://t.co/QbOiDm786P" target="_blank" rel="noopener noreferrer nofollow">https://t.co/QbOiDm786P</a> <a href="https://t.co/NYI2029xY9" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/NYI2029xY9</a></p>— Daan Crypto Trades (@DaanCrypto) <a href="https://twitter.com/DaanCrypto/status/1833928745444425733?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 11, 2024</a>
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<p>Daan Crypto suggests that a hold above $154 could accelerate the price higher, contingent on Bitcoin’s stability, which often influences market-wide sentiment.</p>
<p>With the token’s recent price movements and key support around $154, the coming days will be critical for AAVE. Traders should monitor this level closely, as a sustained hold above $154 could potentially trigger more upward momentum.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/why-is-sui-price-up-this-trader-makes-bold-sui-price-prediction/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Why Is SUI Price Up? This Trader Makes Bold SUI Price Prediction</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-market-performance-and-technical-overview-strong"><strong>Market Performance and Technical Overview</strong></h2>
<p>In terms of broader market performance, AAVE’s daily trading volume stands at $438,941,860, a reflection of growing interest in the token despite minor price shifts. The long-term accumulation phase, as discussed by Altcoin Sherpa, aligns with the token’s readiness for a major breakout.</p>
<p>With AAVE trading near its 200-week EMA, technical signals are mixed. While there is evident strength in the token’s price action, key levels like $135 and $154 will determine whether AAVE can push higher or if it will see a temporary pullback.</p>
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<p>The post <a href="https://captainaltcoin.com/elite-crypto-trader-says-aave-price-is-strong-but-heres-why-its-not-a-buy/" rel="noopener noreferrer nofollow">Elite Crypto Trader Says AAVE Price Is Strong, But Here’s Why It’s ‘Not a Buy’</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Elite Crypto Trader Says AAVE Price Is Strong, But Here’s Why It’s ‘Not a Buy’

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