{"id":564852,"date":"2024-08-15T08:17:36","date_gmt":"2024-08-15T08:17:36","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=564852"},"modified":"2024-08-15T07:35:42","modified_gmt":"2024-08-15T07:35:42","slug":"aave-price-prediction-aave-posts-best-24-hour-performance-with-9-surge-but-experts-say-this-2-0-pepe-might-go-parabolic","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/aave-price-prediction-aave-posts-best-24-hour-performance-with-9-surge-but-experts-say-this-2-0-pepe-might-go-parabolic","title":{"rendered":"Aave Price Prediction: AAVE Posts Best 24-Hour Performance With 9% Surge, But Experts Say This 2.0 PEPE Might Go Parabolic"},"content":{"rendered":"

The Aave price soared 9% in the last 24 hours <\/span>to trade at $106.02<\/span><\/a> as of 00:47 a.m. EST on trading volume that skyrocketed 75% to $264 million.<\/span><\/p>\n

AAVE posted the best 24-hour performance compared to other top tokens, which indicates renewed interest in the DeFi platform.<\/span><\/p>\n

Strong protocol performance and new initiatives like Skyward and fee witch proposals are the main drivers of Aave’s recent growth.<\/span><\/p>\n

Aave Price To Could Continue Soaring Over Its Resistance<\/h2>\n

The Aave price took a slight tumble from the $106 resistance to the $90 support, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

The price then surged back to the $106 resistance, forming a rounding bottom pattern as the bulls aimed to push the price above the resistance.<\/span><\/p>\n

AAVE trades above both the 50-day and 200-day Simple Moving Averages (SMAs), indicating a sustained uptrend.<\/span><\/p>\n

Moreover, the Relative Strength Index (RSI) is soaring towards the overbought region, currently trading at 66, which shows intense buying pressure.<\/span><\/p>\n

The Moving Average Convergence Divergence also supports the bullish prospects as the MACD climbs above the neutral line. The blue MACD line also crosses above the orange signal line, forming a bullish crossover.<\/span><\/p>\n

A bullish crossover and a soaring RSI indicate that the price of Aave is bullish. If the momentum continues, the bulls are currently targeting $122.<\/span><\/p>\n

\"Aave
Aave Price Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

However, the RSI indicates that the asset is overvalued, which prompts a buying signal. If the bears increase the pressure, the Aave price could plunge back to the support around $99, which coincides with the 200-day SMA.<\/span><\/p>\n

As the Aave price surges, PEPE lovers are buying the new upgrade <\/span>Pepe Unchained ($PEPU)<\/span><\/a>, which has already raised over $8.8 million in early funding.<\/span><\/p>\n

99Bitcoins, a prominent crypto channel on YouTube, says $PEPU is one of the best cryptos to buy now with 100x potential.<\/span><\/p>\n