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Will AAVE Surpass $150 With This Post-Retest Reversal?
The post Will AAVE Surpass $150 With This Post-Retest Reversal? appeared on BitcoinEthereumNews.com. Ready with a range breakout, AAVE ignites a bull run with the potential to reach the $150 psychological milestone. Will the uptrend in AAVE survive the broader market correction phase or drop under $100? Amidst the growingly bearish crypto market, altcoins are struggling to continue their bullish growth. With many under intense correction, AAVE starts a resilient bullish reversal after an overnight fall. With a bullish reversal teasing a recovery rally starting with an intraday growth today, AAVE eyes $150 this month. So, let’s take a closer look at our AAVE price analysis to find the chances of a 50% bull run. Range Breakout for AAVE Reclaims $100 In the 1D chart, the AAVE price trend shows a bullish cycle starting from $78, accounting for a 38% surge in the last four weeks. With a higher low formation, AAVE reclaims the psychological mark of $100 and the previous peak at $108. Concluding the sideways shift after the 35% drop in April, the ongoing recovery marks a consolidation range breakout. Surpassing the overhead ceiling at $110, AAVE takes a retest of the bullish break with an overnight drop of 5.45%. Currently, AAVE trades at a price of $112.48; the buyers are making a comeback, signalling a post-retest reversal. With a bullish trend in motion, the rising MACD and signal lines with positive histograms bolster the uptrend chances. Further, the daily RSI line close to the overbought boundary reflects a similar possibility. As per the Fibonacci retracement levels, the 50% Fibonacci breakout teases a bull run ahead to the 100% Fib level at $142. Optimistically, a push from the broader market recovery could pump the BTC price beyond $150. Will a Market Crash Plunge AAVE Under $100? As per the Elliot Waves in the 4H chart, the impulse wave in AAVE completes…
The post Will AAVE Surpass $150 With This Post-Retest Reversal? appeared on BitcoinEthereumNews.com.
Ready with a range breakout, AAVE ignites a bull run with the potential to reach the $150 psychological milestone. Will the uptrend in AAVE survive the broader market correction phase or drop under $100? Amidst the growingly bearish crypto market, altcoins are struggling to continue their bullish growth. With many under intense correction, AAVE starts a resilient bullish reversal after an overnight fall. With a bullish reversal teasing a recovery rally starting with an intraday growth today, AAVE eyes $150 this month. So, let’s take a closer look at our AAVE price analysis to find the chances of a 50% bull run. Range Breakout for AAVE Reclaims $100 In the 1D chart, the AAVE price trend shows a bullish cycle starting from $78, accounting for a 38% surge in the last four weeks. With a higher low formation, AAVE reclaims the psychological mark of $100 and the previous peak at $108. Concluding the sideways shift after the 35% drop in April, the ongoing recovery marks a consolidation range breakout. Surpassing the overhead ceiling at $110, AAVE takes a retest of the bullish break with an overnight drop of 5.45%. Currently, AAVE trades at a price of $112.48; the buyers are making a comeback, signalling a post-retest reversal. With a bullish trend in motion, the rising MACD and signal lines with positive histograms bolster the uptrend chances. Further, the daily RSI line close to the overbought boundary reflects a similar possibility. As per the Fibonacci retracement levels, the 50% Fibonacci breakout teases a bull run ahead to the 100% Fib level at $142. Optimistically, a push from the broader market recovery could pump the BTC price beyond $150. Will a Market Crash Plunge AAVE Under $100? As per the Elliot Waves in the 4H chart, the impulse wave in AAVE completes…
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