AAVE and FET Price Analysis: Price Surge in Q3 2024

Bittime – Aave coin (AAVE) recently recorded a price surge of over 10% in the last 24 hours. This happened after AAVE succeeded in breaking through the descending trend line which was previously the main obstacle. 

This breakout is considered a strong bullish signal, and there are predictions that the price of AAVE could surge to $150, which would be an increase of around 30% from the breakout point.

The support zone between $70 and $80 has served as a solid base for the recent upward price movement. However, the RSI (Relative Strength Index) is showing a figure of 70.39, which indicates that AAVE may be entering the overbought region. 

This could cause the price to experience a temporary period of consolidation or decline before resuming further increases. On the other hand, the MACD (Moving Average Convergence Divergence) indicator supports the bullish outlook with the MACD line being above the signal line and the histogram indicating increasing buying pressure.

FET Experiences Post-Accumulation Surge

Meanwhile, Fetch.ai (FET) also saw its price increase by more than 10% in the last 24 hours. Since March, FET has been trading in a descending channel, where the price registers increasingly lower peaks and lower troughs, signaling a continued bearish trend.

However, in the last few days, FET entered an accumulation phase with price movements tending to be sideways, above the lower limit of the descending channel.

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This latest breakout of the accumulation phase indicates that the FET may be moving towards the upper limit of the descending channel. The RSI is currently at 44.2, slightly below the neutral level, but showing signs of improvement with the trend starting to rise. Additionally, the MACD is showing a bullish signal with the MACD line slightly above the signal line, indicating that the negative momentum may be starting to subside.

Looking Ahead: AAVE and FET Price Targets

For AAVE, the main target is the top of a descending channel that has been tested several times but has not yet been broken. If the price falls back into the channel, the support zone below it will still be an important level to watch.

Meanwhile for FET, the first target is the upper limit of the descending channel. If this breakout is successful, FET could potentially face resistance at this level.

Both coins are showing positive signs, offering attractive opportunities for investors. However, it is important to continuously monitor market developments and technical indicators in order to exploit this opportunity effectively.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.