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<p>Altfins, a platform that allows you to screen, analyze, and trade altcoins, shared an analysis of <a href="https://captainaltcoin.com/can-aave-price-break-through-146-resistance-analyst-predicts-key-levels-to-watch/" target="_blank" rel="noopener noreferrer nofollow">AAVE’s recent price </a>movement. The token’s price is moving in a defined channel-up pattern, indicating that a price surge is near.</p>
<p>However, this rise is driven by its strong technical indicators, <a href="https://captainaltcoin.com/elite-crypto-trader-says-aave-price-is-strong-but-heres-why-its-not-a-buy/" target="_blank" rel="noopener noreferrer nofollow">with AAVE breaking</a> above the $100 resistance zone and signaling continued bullish momentum.&nbsp;</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/is-xrp-price-breakout-finally-here-key-levels-to-watch/" target="_blank" rel="noopener noreferrer nofollow">Is XRP Price Breakout Finally Here? Key Levels to Watch</a></em></strong></p>
<h2 class="wp-block-heading" id="aave-chart-analysis-breakout-above-critical-resistance">AAVE Chart Analysis: Breakout Above Critical Resistance</h2>
<p>According to the analysis, the AAVE price broke above the $100-$110 resistance zone, which had previously been a challenging barrier. This breakout signals a strong continuation of the uptrend, setting the stage for further price gains.&nbsp;</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="523" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-460-1024x523.png" alt="" class="wp-image-557954" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-460-1024x523.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-460-300x153.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-460-767x392.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-460-1536x785.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-460-2048x1046.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-460-294x150.png 294w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-460-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-460-685x350.png 685w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-460-788x402.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-460.png 1392w" sizes="(max-width: 1024px) 100vw, 1024px">
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  Image Source: <a href="https://altfins.com/technical-analysis" target="_blank" rel="noopener noreferrer nofollow">Altfins</a>
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<p>With the AAVE’s current pattern, its price is expected to continue rising, with a potential target of $175, a key resistance zone. The current short-, medium-, and long-term trends for AAVE all point to a strong upward momentum, making it an attractive option for traders.&nbsp;</p>
<p>However, the analysis notes a potential stop-loss level of $127, which traders may consider when managing risk.</p>
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<h2 class="wp-block-heading" id="channel-up-pattern-in-focus">Channel Up Pattern in Focus</h2>
<p>As<a href="https://www.coingecko.com/en/coins/aave" target="_blank" rel="noopener noreferrer nofollow"> AAVE’s price </a>continues to be in the channel-up pattern, a technical structure indicating a series of higher highs and higher lows. This pattern suggests that the price will likely continue fluctuating within the channel’s trendlines.</p>
<p>Moreover, a break above the upper trendline could see the price testing the $175 resistance level shortly, while a drop below the lower trendline might indicate a reversal.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/analyst-explains-why-holding-cardano-ada-could-become-more-profitable-than-ethereum-eth/" target="_blank" rel="noopener noreferrer nofollow">Analyst Explains Why Holding Cardano (ADA) Could Become More Profitable Than Ethereum (ETH)</a></em></strong></p>
<h2 class="wp-block-heading" id="aave-s-momentum-and-support-levels">AAVE’s Momentum and Support Levels</h2>
<p>Momentum indicators for AAVE remain neutral, with the RSI-14 (Relative Strength Index) showing the token as neither overbought nor oversold. This provides additional confidence to traders, as it suggests there is room for further price movement without immediate concerns of a reversal due to overextension.</p>
<p>Furthermore, AAVE’s nearest support level is set at $130, with the next key level at $118. These levels offer traders key zones to monitor in case of price pullbacks, while the nearest resistance is pegged at $154, followed by $175.</p>
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<p>The post <a href="https://captainaltcoin.com/heres-why-aave-price-is-rising-key-levels-and-channel-up-pattern-explained/" rel="noopener noreferrer nofollow">Here’s Why AAVE Price is Rising: Key Levels and Channel Up Pattern Explained</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Here’s Why AAVE Price is Rising: Key Levels and Channel Up Pattern Explained

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