Aave Crypto grew by 30% last week, escaping from a descending channel and setting his views on a target price of $ 500. Analysts and market data indicate strong technical models. It also shows increased activity among large investors as key factors of this bull movement.
Aave Crypto breaks out of consolidation from $ 500.
Aave Price was able to break out of the descending channel, which contains its movements since December 2024. When it began above the level of resistance of $ 330, the breakthrough indicated that his trend began with optimistic.
This is considered as a change in the descending trend. The transition from a descending trend, from previous market control, to market control, again as buyers.
Analysts expect a breakthrough point to increase to $ 500, which is 47.87% more than in previous levels. Support now begins with immediately $ 330, while the resistance is about $ 400, and $ 500 will be the following important level.
Indicators show the moment
Bollinger groups on a daily diagram show that AAVE is going to enter the upper strip of Bollinger groups at a price of $ 360.43 and, therefore, continues its upward trend if the pulse is held. The buyer sent AAVE CRYPTO over the middle group at a price of $ 314.76.
ADX (14) reads 14.49 and is a weak general force of trend. Nevertheless, the index of the directed movement (+di at 18.81 and -di less than 18.81 at 15.53) shows an increase in bull pressure.
The consolidation phase ended, since the Cross transfer DMI admits that trade, returning to customer control, while the ADX value is still low.
AAVE CRYPTO large transactions and whales
According to Intoleblock, 76% of AAVE holders have a profit, and 15% are a loss. Most investors bought at lower prices, which leads to the belief that they will hold.
In addition, the AAVE proposal is concentrated among large holders, in which 81% of the shares, which designated the participation of high -level whales and institutions in prices.
Large investors demonstrate strong activity over the past seven days, since transactions exceed 100 thousand US dollars to $ 737.88 million. USA.
The look at the same periods shows that $ 2.41 million. The United States in the form of pure exchange represent the accumulation of holders who move tokens from exchanges and removed tokens from the market.
AAVE movement is separated from bitcoins
With a correlation of 0.24 and bitcoans, the price of AAVE is not too much to reflect the movement of bitcoins (BTC). This means that although they are part of a wider crypto -trend, they themselves are fueled by the dynamics of the domestic market and technical models.
Now that the breakthrough is confirmed, the levels of AAVE keys are still 400 and $ 500, and they can form the main milestones if they continue further.
