Aave

bullish

Avalanche

Rise

<p>The post <a href="https://coinpedia.org/price-analysis/heres-whats-next-for-aave-aave-avalanche-avax-prices-until-the-end-of-the-month/" rel="noopener noreferrer nofollow">Here’s What’s Next for Aave (AAVE) &amp; Avalanche (AVAX) Prices Until the End of the Month</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The crypto markets maintain significant strength as the trade is heading towards the end of the month. Although the volatility has not reached the required levels, the majority of the tokens are displaying their preparedness to reclaim the yearly highs. Among them are Aave &amp; Avalanche, which have risen after a pretty long consolidation.&nbsp;</p>
<h2 class="wp-block-heading" id="h-aave-aave-aims-at-a-40-rise-after-a-breakout">Aave (AAVE) Aims at a 40% Rise After a Breakout</h2>
<p>Ever since the <a href="https://coinpedia.org/price-prediction/aave-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">AAVE price</a> dropped from the highs during the 2021 bull run, the trend has remained restricted below $110 for more than 30 months. However, the bullish start of the week has elevated the levels beyond the pattern and set up a strong path to reclaim the lost levels. Presently, the AAVE price is advancing to test the interim resistance at $145 and a breach above the yearly highs may offer a fine push towards the higher targets.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdrE4WPy0wRslPBrE611FMR9qFRjPd1-dRKXMRxip3zXKni7m-5mCKR5YNmRKqGj4QEBuP9kbRG6cCeyah3GrIfqbTkFL-QZjKT_sfotOgmoeaGnt521ElhmVFJ8hT6uJvAbTyFgSWAZ29INIT7v0waJXvZ?key=X5xKT0esFy6hnaT1eNe0oA" alt="">
</figure>
<p>The consolidated rise within the parallel channel has displayed the growing power of the bulls, which has flipped the trend of the rally. The OBV, or on-balance volume, displaying huge variation, has now reached the upper threshold. If the levels remain parallel to the upper threshold, the AAVE price may enter a fine bullish trend; otherwise, a deviation could trigger a rejection. However, considering the current trade setup, the AAVE price is expected to rise above $145 and, after a small pullback, resume its upswing to test higher targets.&nbsp;</p>
<h3 class="wp-block-heading" id="h-avalanche-avax-price-is-preparing-for-a-breakout-to-reach-30">Avalanche (AVAX) Price is Preparing for a Breakout to Reach $30</h3>
<p>Being a little different from the AAVE price rally, the <a href="https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">AVAX price</a> is stuck within a descending parallel channel. The price is constantly forming lower highs and lows, indicating the presence of bearish dominance over the rally. However, another bullish push of over 15% may validate a trend reversal, which may initiate a fresh upswing soon.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdJ1rDYAxHvJqbN4zyIfbOZYsornOCfj89RIMAGiih3AXclUTUMnKJMmTBWSwJPMeIDJleWPojaf3pyi84b_ZQmXqA83of6isv2FEYeexQTPpKx4WCSJ0DjMXjbkP6ZWgg93VQmr4rDJ71iz7_KEW9Ni_VX?key=X5xKT0esFy6hnaT1eNe0oA" alt="">
</figure>
<p>After the latest rejection from the resistance of the channel, the price underwent a parabolic recovery and is an inch close to testing these levels. The DMI or direct movement index, is a trend indicator that is about to flash bullish signals as +Di &amp; -Di are heading towards a bullish crossover. With this, the price is expected to reach the resistance of the channel at $26.34, surpassing the supertrend levels. This move may flip the supertrend into bullish which may activate the upper target beyond $30.&nbsp;</p>

Here’s What’s Next for Aave (AAVE) & Avalanche (AVAX) Prices Until the End of the Month

Table of Contents

CoinPedia News

Other articles published on Aug 21, 2024

Bitcoin on Track for Six-Figure ATH, Analyst Maintains Target

Why Ethereum Is Better Than Bitcoin

Bitcoin Demand Plummets as Institutional Purchases Slow Down

Tron (TRX) and This Altcoin Are Experiencing a Huge Rise in Price! Here's Why!

Spot Bitcoin ETFs maintain positive flows for 8 out of the last 10 days

Starknet Holders to Participate in First-Ever Mainnet Voting Proposal

Join our free newsletter for daily crypto updates!