{"id":609977,"date":"2024-12-13T10:14:12","date_gmt":"2024-12-13T10:14:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=609977"},"modified":"2024-12-13T13:11:51","modified_gmt":"2024-12-13T13:11:51","slug":"aave-price-prediction-aave-soars-7-as-crypto-whale-snaps-up-264k-of-this-explosive-pepe-upgrade-best-crypto-to-buy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/aave-price-prediction-aave-soars-7-as-crypto-whale-snaps-up-264k-of-this-explosive-pepe-upgrade-best-crypto-to-buy","title":{"rendered":"Aave Price Prediction: AAVE Soars 7% As A Crypto Whale Snaps Up $264K Of This PEPE Upgrade – Best Crypto To Buy Now?"},"content":{"rendered":"

The Aave price soared 7% in the last 24 hours to trade at $353.80 as of 2:20 a.m. EST on trading volume that jumped 30% to $2.6 billion.<\/span><\/p>\n

Aave Price Indicators Show A Continued Bullish Rally<\/h2>\n

The AAVE\/USD 4-hour chart displays a clear parabolic curve. This pattern suggests strong bullish momentum. <\/span><\/p>\n

The Aave price has surged dramatically to $370.02, representing a breakout from the consolidation phase that occurred near the $250-$300 zone, according to <\/span>GeckoTerminal<\/span><\/a> data. <\/span><\/p>\n

This parabolic move signifies aggressive buying interest and a potentially overheated market in the short term.<\/span><\/p>\n

The <\/span>price of AAVE<\/span><\/a> has consistently remained above both the 50 Simple Moving Average (SMA) on the 4-hour chart at $286.82 and the 200 SMA at $211.22, indicating a sustained bullish trend.<\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) is at 71.42, indicating the asset is in overbought territory. While this suggests strong bullish momentum, it also raises caution about a potential short-term pullback or consolidation as buyers may take profits.<\/span><\/p>\n

The Moving Average Convergence Divergence (MACD) reflects strong bullish momentum, with the MACD line (blue) significantly above the signal line (orange) and both in positive territory. This aligns with the parabolic price move, but the large gap between the lines could signal an overstretched rally that may soon consolidate.<\/span><\/p>\n

If the parabolic momentum continues, AAVE could target the next psychological resistance at $400. Breaking this level could then lead to further gains, with $450 being a potential target based on the parabolic curve’s trajectory.<\/span><\/p>\n

\"Aave
AAVEUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

Given the overbought RSI and the parabolic nature of the move, a short-term pullback is highly likely. The first support level is near the $300–$310 zone, aligning with the breakout level of the parabolic curve pattern. A deeper correction could test the 50 SMA at $286.82, which would still keep the overall bullish structure intact.<\/span><\/p>\n

As the Aave price surges, investors are also buying up a new Pepe alternative called <\/span>Wall Street Pepe (WEPE)<\/span><\/a>, which Cryptonews, a popular crypto YouTube channel with over 13K subscribers, says could be the next massive degen play.<\/span><\/p>\n