Aave Price Prediction: AAVE Rises 9% – Can It Set New Benchmarks?

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Aave (AAVE) price remains bullish even after a 35% fall between July and September 12. However, the altcoin has recorded massive volatility with a spiraling price action across a rather expansive market range. This constituted orders filled and inefficiencies balanced, and now AAVE is coiling up for its next move.

Meanwhile, traders have identified the profit potential of AAVE, positioning it at the forefront of decentralized finance (DeFi) projects.

2020: #DeFi explodes with billions 🤯 #Compound, #Aave show open finance potential 💸 #BuiltOnEthereum #billionsclub

— Crypto Facts (@cryptofacts888) September 29, 2023

More interestingly, some analysts have identified a bullish flag forming for Aave price, which, if activated, could send AAVE above $80.00 in value.

$AAVE bull flag break out ✅

hadn´t much time to enter a trade yesterday but this looks hot #AAVE https://t.co/V12yO0aQFn pic.twitter.com/XIbp8xFd2b

— Pick (@niklas_zamzow) September 29, 2023

According to data on CoinMarketCap, the AAVE network is recording a significant rise in trading volume, up 60% in the last 24 hours. This has catapulted its market capitalization by almost 10% to approach the $1 billion mark.

AAVE CoinMarketCap — AAVE Market Capitalization and 24-hour Trading Volume

With increasing trading volume, all signs point to investors’ interest in AAVE growing. The enhanced activity by the bulls relative to seller momentum from the bears hints at a possible value surge for the altcoin’s price.

The liquidity growth, particularly among large holders, inspires the bullish potential for AAVE. Notably, when whales act, it is easy for the broader market to follow, which explains why optimism remains for value growth.

AAVE Price Prognosis

At the time of writing, AAVE’s price is 66.67, recording an 8.10% increase in the last 24 hours. Momentum indicators such as the Relative Strength Index (RSI) indicate a continued value surge as momentum continues. Its position at 65 suggests there is still room north for more gains.

At this point, AAVE’s price is testing the fair value gap’s consequential encroachment at $68.11. Increased buying pressure could see the price shatter this obstacle. A break and close above it would solidify the uptrend, potentially clearing the skies for a rally up to the $80.00 psychological level. Such a move would constitute a 20% climb.

However, note that the AAVE price has already filled the inefficiency presented by the fair value gap. With this, no magnet can pull the price north unless bullish momentum can overcome the consequential encroachment at $68.11.

With this, AAVE price could likely start correcting, potentially going as low as the $60.00 psychological level. A break and close below this level, which marks the bottom of the last lower high, would commence another downtrend. This will likely send AAVE to the demand zone at $56.55. In the dire case, the altcoin could breach the mean threshold of the demand zone at $54.15. A decisive candlestick close below this level could send the altcoin to the range low of around $50.00. This would represent a 25% fall.

While AAVE struggles to maintain directional bias, consider BTCMTX, a new project with 10X growth potential, according to analysts.

AAVE Alternative

BTCMTX is the in-house crypto for the Bitcoin Minetrix project, a stake-to-mine protocol committed to making Bitcoin mining more accessible. It gives ordinary folk the opportunity to mine Bitcoin (BTC) in a decentralized fashion. To this end, the project is tokenizing cloud mining so that the process is safe and transparent.

Welcome to #BitcoinMinetrix! 🪙

Decentralized $BTC mining made simple. We're revolutionizing cloud mining with $BTCMTX tokens, ensuring security and transparency.

Making it easier than ever. pic.twitter.com/iZPJN5GO8O

— Bitcoinminetrix (@bitcoinminetrix) September 26, 2023

In doing so, Bitcoin Minetrix solves an even bigger problem, eliminating the risk of scams by intermediaries. At the same time, it gives token holders control. In this conduit, you bypass limitations due to the high cost of hardware used to mine Bitcoin. You are also spared from the technicalities likely to make you a victim of scams.

Unlocking the world of $BTC with #BitcoinMinetrix! ⛏

Cloud mining offers a simple path to #Crypto:

✅ Easy entry for beginners
💰 Cost-efficient without hardware expenses
🏡 No space, noise, or heat issues
🔄 Hassle-free upgrades pic.twitter.com/Zbavgoraey

— Bitcoinminetrix (@bitcoinminetrix) September 27, 2023

The native asset for the Bitcoin Minetrix ecosystem, BTCMTX, goes for just $0.011 in the current presale stage. With the presale open, token sales are nearing the $200,000 market, recording $187,092 at the time of writing. Buy BTCMTX at current low prices and stake it to begin earning credits that can later be used to mine Bitcoin.

The presale will go for ten stages, each with a 10% price surge beginning stage 2. On tokenomics, the project’s maximum coin supply is 4 billion, with 70% set aside for presale investors. The soft cap, the minimal target before launch, is $15.6 million, while the hard cap is $32 million.

Interested investors should head over to the website to buy BTCMTX using Ethereum (ETH), Binance Coin (BNB), or Tether (USDT). You can also buy with a bank card.