Aave Price Prediction for Today, October 19

Aave Price Prediction for Today, October 19 – AAVE Technical Analysis

Updated: 19 October 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

Aave price prediction shows that AAVE begins its rally as the coin spikes higher to touch the resistance level of $70.

Aave Price Prediction Statistics Data:

Aave price now – $64.1
Aave market cap – $936.7 million
Aave circulating supply – 14.5 million
Aave total supply – 16 million
Aave Coinmarketcap ranking – #43

AAVE/USD Market

Key Levels:

Resistance levels: $75, $80, $85

Support levels: $50, $45, $40

Aave Price Prediction for Today, October 19 – AAVE Technical Analysis — AAVEUSD – Daily Chart

AAVE/USD experiences a significant boost as the coin touches the daily high at the resistance level of $65. However, this momentum extends considerably as crypto begins to climb higher within the channel. Moreover, the current performance of the coin indicates the addition of an upward movement. It’s just a matter of time before this coin reaches a $70 level in the nearest term.

Aave Price Prediction: Aave Heads to the Upside

In the last few days, Aave price has been moving sideways and at the same time moved to cross above the 9-day and 21-day moving averages. Moreover, the ongoing trend may move a little bit higher before the sellers step into the market, and the coin could reach the nearest resistance at $70. If the bulls put more effort, it could hit additional resistance levels at $75, $80, and $85 respectively.

In other words, a bearish drop may keep the market below the 9-day and 21-day moving averages and also to the initial support level of $60. Meanwhile, the critical support levels could be found at $50, $45, and $40. Therefore, as the trading volume increases, the 9-day MA is likely to cross above the 21-day MA and this could supply more bullish signals to the market.

AAVE/BTC Begins Upward Movement

Against Bitcoin, the Aave price is still trading toward the upper boundary of the channel, trying to cross above the 9-day and 21-day moving averages. The market price is changing hands at 2229 SAT as the bulls could push the coin above the nearest resistance level of 2300 SAT. Meanwhile, the daily chart reveals that buyers may continue to dominate the market if they increase the pressure.

Nevertheless, the potential resistance level to be located is 2500 SAT and above while a lower sustainable move may cancel the bullish pattern and attract new sellers to the market with the next support at 2000 SAT and below.

Aave Alternatives

According to the daily chart, the Aave price is likely to increase the bullish movement if the price reclaims the resistance level of $65.4 within the 9-day and 21-day moving averages. At the moment, the bulls may increase the buying pressure to encourage more buyers to enter the market.

While this is happening, Bitcoin Minetrix stands as the pioneering stake-to-mine venture, enabling users to stake their BTCMTX tokens and obtain credits for cloud mining time. By simply holding and staking tokens, investors can mine BTC, with over $1.80m already achieved in the ongoing presale.

New Crypto Mining Platform - Bitcoin Minetrix

Rating