Aave

Boost

Resistance

Million

when

<ul class="list-ic vertical">
 <li><span>1</span> <a>The MVRV ratio over the last 30 days represents a possible scenario that the AAVE price could continue rising, as more investors are making money.</a></li>
 <li><span>2</span> <a>The rising social dominance may create more demand and assist the AAVE asset price to rise.</a></li>
</ul>
<p>AAVE is powered by the Aave protocol and it is designed to be a permissionless and secure platform for lending and borrowing. In particular, the protocol is secured by a model called a collateral model, which requires its users to provide necessary collateral for their loans to reduce the risk of defaults.</p>
<h2 class="wp-block-heading" id="strong-past-price-analysis-of-aave-crypto-over-1-d-chart-strong"><strong>Past Price Analysis Of AAVE Crypto Over 1-D Chart</strong></h2>
<p>The AAVE price chart highlights that in the past session price rose substantially from the demand zone of $50.0 to $130. However, the crypto asset stumbled as the price failed to leap over it, and presented a price correction in its incline, and the price reduced to form support near $80.0.</p>
<h3 class="wp-block-heading" id="strong-aave-price-prediction-daily-chart-strong"><strong>AAVE Price Prediction (Daily Chart)</strong></h3>
<p>After plummeting to around $80 which is a major support level, AAVE made a comeback and beat its previous high. The AAVE crypto now appears willing to resume this massive surge as it has already gone past its previous high price mark of $130.0 and is geared up to bang the above resistance level and exhibits a price surge possibility to new peak levels from the current resistance turned support level of $120.0.</p>
<p>On the daily chart, the <a href="https://www.thecoinrepublic.com/2024/02/29/aave-axs-and-xtz-crypto-flighting-gains-a-weekly-outlook/" target="_blank" rel="noopener noreferrer nofollow">AAVE asset </a>is showing bullish signs, it has the potential to extend the rally. It has performed well in the past week, month, and quarter with a 9.63%, 54.31%, and 30.87% surge respectively, implying a solid uptrend. Moreover, the AAVE crypto asset is revealing bullish potency and rising capability as it maintains above major 20 and 50-Day EMA bands.&nbsp;</p>
<p>At the time of publishing, the crypto had declined by 1.46% in the last 24 hours and was trading at $140.67. Therefore, if the demand for the AAVE increases unexpectedly, the asset price could jump back from the current level. Then the next goal for the price could be to reach $190.0 while the resistance would be at $160.</p>
<p>However, if the AAVE crypto price fails to stay above the $120.0 level, it could decline further and could reach $100.0 as well.</p> 
<p><a href="https://in.tradingview.com/chart/AAVEUSD/rkxTOTd1-the-AAVE-asset-is-showing-bullish-signs/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<h3 class="wp-block-heading" id="strong-aave-price-vs-volume-vs-social-dominance-chart-strong"><strong>AAVE Price Vs Volume Vs Social Dominance Chart</strong></h3>
<p>The AAVE protocol chart presents the correlation between the volume and price. In January 2024 last week, both the AAVE asset volume and price were relatively low, revealing a lack of interest and activity. The volume mostly remained under $100 Million, and the price hovered around $85.0 in that period.</p>
<p>However, in the first week of February, volume and price continued to rise abruptly, indicating increased demand and excitement about AAVE crypto price. The trading volume exceeded $150 Million and the price rose drastically from $85 to $150 price point.&nbsp;</p>
<p>Similarly, the price vs volume chart describes an increase in price along with the volume rise, implying that the continuation of the ongoing trend.&nbsp;</p>
<p>In the same way, the social dominance highlights the increasing or decreasing acceptance of AAVE crypto among users and the social dominance chart displays a positive surge over the period.&nbsp;</p>
<p>Moreover, the rising social dominance may also have a positive impact on the AAVE price as the participation of users increases, which may create more demand and assist the AAVE asset price rise.</p> <iframe loading="lazy" title="Santiment Chart: Price (AAVE), Volume (AAVE), Social Dominance (AAVE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=aave&amp;pt=AAVE&amp;df=2023-11-15T00%3A00%3A00.000Z&amp;dt=2024-03-14T18%3A29%3A59.590Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd%3Bsocial_dominance_total&amp;wax=0%3B1%3B2&amp;wc=%232e934a%3B%231b2f87%3B%23ddcf42&amp;ws=%7B%22node%22%3A%22area%22%7D%3B%3B%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22area%22%7D" scrolling="no"></iframe>
<h3 class="wp-block-heading" id="strong-30-day-mvrv-market-value-to-realize-value-indicates-aave-price-is-likely-to-incline-strong"><strong>30-Day MVRV (Market Value to Realize Value) Indicates AAVE Price is Likely to Incline</strong></h3>
<p>The MVRV ratio over the last 30 days represents the average P&amp;L of investors who purchased the AAVE asset over the last 30 days. Moreover, the chart shows that the AAVE protocol’s price and MVRV rate are positively correlated which signifies that they are moving in the same direction.</p>
<p>In particular, when the AAVE price increases, the MVRV ratio also increases, which implies that more investors are making money and may sell. Similarly, when the AAVE protocol price decreases, the ratio also decreases, which implies that more investors are losing money.</p> <iframe loading="lazy" title="Santiment Chart: Price (AAVE), MVRV Ratio (AAVE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=aave&amp;pt=AAVE&amp;df=2023-11-15T00%3A00%3A00.000Z&amp;dt=2024-03-14T18%3A29%3A59.590Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bmvrv_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23FFAD4D&amp;ws=%3B" scrolling="no"></iframe>
<h3 class="wp-block-heading" id="strong-active-wallet-address-analysis-of-aave-crypto-strong"><strong>Active Wallet Address Analysis Of AAVE Crypto</strong></h3>
<p>Furthermore, the number of distinct addresses in the AAVE asset that participated in a transfer for the given asset in the past 24-hour window is 1023 transactions, the 7-day window is 4768 transactions, and the 30-day window is 14.2 K transactions.</p>
<p>Likewise, the chart gives clarity from the growing number of active addresses of AAVE crypto.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>As per the AAVE price prediction, the price vs volume chart describes an increase in price along with the volume rise, implying the continuation of the ongoing trend. Moreover, the rising social dominance may create more demand and assist the AAVE asset price to rise.</p>
<p>Similarly, the MVRV ratio over the last 30 days represents a possible scenario that the AAVE price could continue rising, as more investors are increasing and making money.</p>
<p>in addition, the price structure of AAVE crypto has formed a mighty comeback, beating its previous high level, beginning from a major support level of around $80.0. On the daily chart, it is showing capacity that it has the potential to extend its gains further.</p>
<p>Therefore, if the demand for the AAVE increases unexpectedly, the asset price could jump back from the current level. Then the next goal for the price could be to reach $190.0 while the resistance would be at $160.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $120</p>
<p><strong>Resistance Levels</strong>: $160</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Active Addresses & 30-Day MVRV Rises, Can AAVE Price Boost More?

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