Aave [old]

Aave (AAVE) recently broke out of a symmetrical triangle pattern, suggesting bullish momentum. The cryptocurrency surpassed the $155-$160 resistance range, a key level defined by converging trendlines. Analyst World Of Charts observed the breakout after the token consolidated within this structure, connecting lower highs and higher lows. The breakout signals a continuation of the upward trend, with the projected target price exceeding $230.This represents a potential 53.21% surge from the breakout level. The analyst highlighted Aave&#39;s recent price action, noting a sharp movement toward the projected targets. According to the report, the token delivered over 35% profit within a few hours following the breakout.The analyst attributed this success to identifying optimal market entries, emphasizing the value of years spent analyzing charts to refine trading strategies. Despite these gains, market dynamics are shifting as whales transfer significant holdings to centralized exchanges.<a href="https://cryptotale.org/bullish-aave-targets-230-despite-whale-deposits-to-cexs/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bullish Aave Targets $230 Despite Whale Deposits to CEXs

CryptoTale

Other articles published on Nov 7, 2024

Two Bitcoin whales buy $142M BTC after Trump’s win

Bitcoin Hits Record High as BlackRock's IBIT Sets New Trading Volume Milestone

Solana Price Eyes $200 As Its Rally Starts By Taking Over BNB 4th Rank

Solana Dethrones Binance Coin (BNB) as Fourth-Largest Cryptocurrency

BTC.COM Reshapes to Open-Source Computing Power Platform (7 Nov)

Will Fed’s Decision Impact Crypto Prices?

Join our free newsletter for daily crypto updates!