{"id":641356,"date":"2024-09-12T12:30:50","date_gmt":"2024-09-12T12:30:50","guid":{"rendered":"https:\/\/ktsl888.com\/?p=641356"},"modified":"2024-09-12T04:46:15","modified_gmt":"2024-09-12T04:46:15","slug":"aave-breakout-1710-surge","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/aave\/aave-breakout-1710-surge\/","title":{"rendered":"AAVE Breakout: Why A 1,710% Surge Is On The Horizon"},"content":{"rendered":"

AAVE has been one of the altcoins that have seen a recovery in both volume and price <\/a>over the last week. This comes with a jump in positive sentiment associated with the DeFi token, enabling bulls to reclaim control of the price once more. With this positive sentiment proliferating for the AAVE price, a pseudonymous crypto analyst who goes by Persis10t on TradingView has forecasted a rather bullish future for the cryptocurrency.<\/p>\n

AAVE Breaks Out Of Triangle Pattern<\/h2>\n

According to the analysis shared<\/a> by the crypto analyst on the TradingView website, the AAVE price had been trading inside a triangle pattern. This can be bearish for the price, given that triangle patterns tend to keep prices constrained to a tight range. However, the good news is that the AAVE price has now broken out of this triangle pattern.<\/p>\n

Related Reading: Why Bitcoin Retesting $57,000 Is Good For The Price<\/a><\/div>\n

This breakout signals the rise in momentum that has been pushing the price. Furthermore, it suggests that the AAVE price is ready to push upward<\/a> with the rally. Despite the fact that the DeFi token has fallen back to retest its breakout level, the crypto analyst believes that this is a good thing and a positive sign for the cryptocurrency.<\/p>\n

Other factors that support the bullishness include the fact that the AAVE price is being supported by the 100-day Moving Average on the weekly timeframe. This suggests bullishness both in the short and mid-term. Also, the notable rise in its 24-hour trading volume, which has remained consistent over the last few days, lends credence to this bullish narrative.<\/p>\n

Last but not least on the list of bullish developments is a crossover on the 50-Day and 100-Day Moving Average. As the crypto analyst explains, this crossover is something that could fuel the AAVE price from here<\/a>, helping it sustain its rally.<\/p>\n

How Far Can The Price Go?<\/h2>\n

When it comes to how far the AAVE price<\/a> can rise from here, the crypto analyst is incredibly optimistic about the future of cryptocurrency. While AAVE is currently trending around $150<\/a>, the analyst believes that it is destined for four digits soon.<\/p>\n

Related Reading: End Of The Road For NEIRO? Crypto Analyst Predicts Breakdown Below $0.13<\/a><\/div>\n

The chart shows that there will be corrections along the way, but ultimately expects it to breach the $1,000 level. At the very top of the rally, the crypto analyst puts the price at $2,516, which would be a 1,710% increase from its current price.<\/p>\n

At the time of writing, the AAVE price is sitting at $151 after climbing 0.5% in the last day. Likewise, its daily trading volume is seeing a small uptick of 0.7%, putting it at $394.5 million.<\/p>\n

\"AAVE
Price continues to skirt $150 | Source: AAVEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from IQ.Wiki, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

AAVE has been one of the altcoins that have seen a recovery in both volume and price over the last week. This comes with a jump in positive sentiment associated with the DeFi token, enabling bulls to reclaim control of the price once more. With this positive sentiment proliferating for the AAVE price, a pseudonymous crypto analyst who goes by Persis10t on TradingView has forecasted a rather bullish future for the cryptocurrency. AAVE Breaks Out Of Triangle Pattern According to the analysis shared by the crypto analyst on the TradingView website, the AAVE price had been trading inside a triangle pattern. This can be bearish for the price, given that triangle patterns tend to keep prices constrained to a tight range. However, the good news is that the AAVE price has now broken out of this triangle pattern. Related Reading: Why Bitcoin Retesting $57,000 Is Good For The Price This breakout signals the rise in momentum that has been pushing the price. Furthermore, it suggests that the AAVE price is ready to push upward with the rally. Despite the fact that the DeFi token has fallen back to retest its breakout level, the crypto analyst believes that this is a good thing and a positive sign for the cryptocurrency. Other factors that support the bullishness include the fact that the AAVE price is being supported by the 100-day Moving Average on the weekly timeframe. This suggests bullishness both in the short and mid-term. Also, the notable rise in its 24-hour trading volume, which has remained consistent over the last few days, lends credence to this bullish narrative. Last but not least on the list of bullish developments is a crossover on the 50-Day and 100-Day Moving Average. As the crypto analyst explains, this crossover is something that could fuel the AAVE price from here, helping it sustain its rally. How Far Can The Price Go? When it comes to how far the AAVE price can rise from here, the crypto analyst is incredibly optimistic about the future of cryptocurrency. While AAVE is currently trending around $150, the analyst believes that it is destined for four digits soon. Related Reading: End Of The Road For NEIRO? Crypto Analyst Predicts Breakdown Below $0.13 The chart shows that there will be corrections along the way, but ultimately expects it to breach the $1,000 level. At the very top of the rally, the crypto analyst puts the price at $2,516, which would be a 1,710% increase from its current price. At the time of writing, the AAVE price is sitting at $151 after climbing 0.5% in the last day. Likewise, its daily trading volume is seeing a small uptick of 0.7%, putting it at $394.5 million. Featured image from IQ.Wiki, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":641357,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83416],"tags":[79511,93039,86582,83395,83417,167,6664,26263,14690],"class_list":["post-641356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aave","tag-aave","tag-aave-news","tag-aave-price","tag-aaveusd","tag-aaveusdt","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nAAVE Breakout: Why A 1,710% Surge Is On The Horizon<\/title>\n<meta name=\"description\" content=\"AAVE has been one of the altcoins that have seen a recovery in both volume and price over the last week, bringing it above $150.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"AAVE Breakout: Why A 1,710% Surge Is On The Horizon","url":"http:\/\/ktsl888.com\/news\/aave\/aave-breakout-1710-surge\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/aave\/aave-breakout-1710-surge\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/AAVE.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/AAVE.jpeg?fit=2880%2C2160"},"articleSection":"Aave","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["aave","aave news","aave price","aaveusd","aaveusdt","analyst","crypto","crypto analyst","crypto news"],"dateCreated":"2024-09-12T12:30:50Z","datePublished":"2024-09-12T12:30:50Z","dateModified":"2024-09-12T12:30:50Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"AAVE Breakout: Why A 1,710% Surge Is On The Horizon\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/aave\\\/aave-breakout-1710-surge\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/aave\\\/aave-breakout-1710-surge\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/AAVE.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/AAVE.jpeg?fit=2880%2C2160\"},\"articleSection\":\"Aave\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"aave\",\"aave news\",\"aave price\",\"aaveusd\",\"aaveusdt\",\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2024-09-12T12:30:50Z\",\"datePublished\":\"2024-09-12T12:30:50Z\",\"dateModified\":\"2024-09-12T12:30:50Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/AAVE.jpeg?fit=2880%2C2160","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/641356"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=641356"}],"version-history":[{"count":1,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/641356\/revisions"}],"predecessor-version":[{"id":641358,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/641356\/revisions\/641358"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/641357"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=641356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=641356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=641356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}