The analyst Crypto Michaël Van de Poppe indicates the displays of AAVE prices Signs of achieving its lowest point when analyzing his potential recovery phase. According to Van de Poppe,
“Mass weekly candle on AAVE. This does not mean that we will continue to fall from here, this is probably the bottom of the bottom. ”
He predicts that AAVE can reach $ 450-600 over the next 3-6 months.
During the press, AAVE retained its value of $ 248.96, demonstrating an increase of 1.69% over the past 24 hours and an increase of 2.65% in the trade in the week. The daily trading volume exceeds 386.04 million dollars. The United States, while market capitalization reaches $ 3.75 billion. USA.
Key resistance and support zone
In order for AAVE to establish a bull impulse, it must surpass the resistance from 473.13 to 546.54 US dollars before confirming the increase in the increase. The price of the rise over the middle group of Bolonger in $ 288.04 will indicate more opportunities for ascension to the AAVE token.
The key support zone extends from 113.51 US dollars to $ 72.40, located in the “retention zone”. Bears can find security from the decline in the market in the previous zone of accumulation, which extends throughout the region.
The buyer’s confidence shows signs of weakening when prices fall to this particular level, but this moment adds potential for the binding of the market.
Technical indicators signal the potential change
AAVE trading activities are currently positioning itself just below $ 215.47 in the framework of the Bollinger bands, which means that market displays are resold.
The relative force index is 39.84, which indicates that Crypto Aave has reached its resold state. Reading the relative force index above 50 indicates the strengthening bull impulse.
The analysis of the MACD indicators shows a bear trend, since the MACD line (-20.11) is under the signal line (-14.68). However, the narrowing gap between the lines hints at the potential bull crossover.
Technical development indicates a short -term market recovery, while the volume of trading in 9.229k indicates a moderate percentage of purchase.
Futures open interest and financing rates reflect the mood of traders
The data provided by Coinglass show an open percentage of AEAVE at 212.27 million dollars. The United States, while registering a decrease by 0.98%, which shows that traders are less active. Closer at the end of December 2024, the total amount of open interest value reached more than $ 500 million, which indicates a significant market activity at that time.
Increased open interest rates can lead to an increase in market volatility, although current levels show indecision among market participants.
Looking at financing rates indicates how traders relate to the market. The market participants took long positions, while paying a positive total financing level 0.0021.
The predicted financing rate is currently 0.0080, indicates that investors expect a future increase in prices.
Prospects for the price of AAVE
Cryptocurrency demonstrated the growing moods of traders due to the increase in prices and positive financing. Extended growth in AAVE will require it to surpass 300 US dollars, since this threshold serves as a prerequisite for the continuation of its increased prices for potential levels of up to $ 450 to 600 US dollars.
The upcoming CPI and PPI data sets can direct the path of wider markets, which will affect the AAVE movement.
