bullish

DeFi

Strong

Momentum

<ul class="wp-block-list">
 <li>AAVE surged 50%, breaking past $180 support with bullish momentum.</li>  
 <li>Key resistance near $190 could cause short-term volatility before the $200 target.</li>  
 <li>Continued buying pressure is needed to sustain AAVE’s uptrend.</li> 
</ul>  
<p>AAVE, a popular <a href="https://cryptonewsland.com/3-defi-altcoins-that-could-10x/" rel="noopener noreferrer nofollow">DeFi altcoin</a>, has taken off, rallying nearly 50% in just five days. This rapid climb broke past previous resistance levels, giving bullish investors a reason to celebrate. While the token’s momentum is strong, some resistance zones still stand in the way. Will AAVE clear the $200 mark, or will volatility stall the bulls?</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/crypt_olympics/status/1855214426518859902?t=EjQ7143HcGB3JMHCJHjoAw&amp;s=19
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</figure>  
<h2 class="wp-block-heading" id="h-strong-momentum-breaks-september-highs">Strong Momentum Breaks September Highs</h2>  
<p>On November 7, <a href="https://aave.com/" rel="noopener noreferrer nofollow">AAVE</a> soared beyond its September peak of $180.74, building a new support level at $180. As the RSI shot up, the bullish trend gained further strength. Fibonacci extensions suggest that $206 and $248 could be the next major targets.</p>  
<p>Yet, despite this momentum, one indicator, the On-Balance Volume (OBV), hasn’t yet surpassed mid-September levels. To maintain the uptrend, buying pressure will need to stay high.</p>  
<p>However, a challenge may be waiting at the $190 region, which has accumulated short liquidation levels recently. Failure to break through this zone could spark <a href="https://www.hsbc.co.uk/investments/understanding-market-volatility/" rel="noopener noreferrer nofollow">short-term volatility</a>. If the bulls lose ground, the price might slip to the $171-$175 range, potentially causing investors to tread cautiously.</p>  
<h2 class="wp-block-heading" id="h-volatility-looms-as-bulls-aim-for-200">Volatility Looms as Bulls Aim for $200</h2>  
<p>Despite recent gains, AAVE’s journey toward $200 may face turbulence. A recent heatmap from the past three months highlights $133, $128, and $121 as areas with high liquidity, especially after October’s dips. The $190 zone has become a target, accumulating substantial short positions.</p>  
<p>Meanwhile, <a href="https://cryptonewsland.com/bitcoin-btc-sets-another-new-ath-at-77252-75/" rel="noopener noreferrer nofollow">Bitcoin’s recent gains</a> have lent support to AAVE, signaling an optimistic outlook for more growth. Reaching above $200 may require AAVE to power through the liquidity pools at $170 and $190. Long-term investors should expect possible pullbacks before AAVE clears $200 with a decisive trend.</p>  
<p>With steady buying pressure supporting the climb, the groundwork for more gains is in place—though not without some expected fluctuations. AAVE’s recent surge has brought renewed interest, but challenges remain.</p>  
<p>Resistance around $190 and nearby liquidity pools hint at potential volatility. For now, the bulls hold an edge, and a strong push past $200 could spark excitement for AAVE’s next move.</p>   
<p>The post <a href="https://cryptonewsland.com/aave-price-forecast-eyes-on-200/" rel="noopener noreferrer nofollow">AAVE Price Forecast: Eyes on $200 as September Highs Slip</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

AAVE Price Forecast: Eyes on $200 as September Highs Slip

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