Aave Coin Predicted to Touch $150, Trading Volume Increases Drastically

Bittime - In the past few weeks, Aave coin (AAVE) has shown tremendous performance in the crypto market. 

With the significant price increase, many analysts predict AAVE will soon reach the psychological level of $150, perhaps even more. The question is, is this the right time to invest in AAVE?

AAVE Capai Level Fibonacci 78,60%

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AAVE is currently at an important intersection at the 78.60% Fibonacci level of $128.89. In the daily chart, AAVE price action indicates a consolidation breakout, which signals the start of a new bullish cycle. 

Over the past ten days, AAVE has seen an increase of 43%, with eight consecutive bullish candles in the past nine days, reflecting increasing demand for this altcoin.

One notable formation seen was a morning star pattern that formed at $110, which was followed by three consecutive bullish candles resulting in a gain of 16.54%. 

Currently, AAVE is trading around $129.22 with an intraday gain of 9.33%, indicating potential for a further breakout if buyers can sustain the closing price above $128.

Increased AAVE On-Chain Activity

AAVE's on-chain data also shows a significant spike in network activity. In the last 24 hours, AAVE transfer volume increased by 140.42%, while the number of active addresses rose by 58.04% and transactions increased by 29.52%. 

This data supports the bullish trend seen on the AAVE price chart and provides a positive signal for the continuation of the price increase.

Prediksi Harga AAVE

If AAVE manages to break the $128 level, the next bullish target will likely be $142, which is the price peak in March 2024. 

Based on Fibonacci levels, the next bullish target could be $182, which corresponds to the 1.618% Fibonacci level. However, in the event of a decline, AAVE price could return to $120 or even $110 before resuming its upward trajectory.

With all the technical indicators in favor, AAVE has great potential to continue rising, especially if the overall crypto market remains in a bullish trend. For traders and investors, this may be a good time to consider entering the AAVE market.

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. 

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