<p>AAVE just broke $200, a big deal for the token. It’s bounced back nicely after trading sideways for a while. The crypto world is taking notice. Top analyst Crypto-ROD shared insights into the strategy behind this breakout on X (formerly Twitter), providing an in-depth perspective into <a href="https://captainaltcoin.com/why-is-aave-price-pumping/" target="_blank" rel="noopener noreferrer nofollow">AAVE’s price </a>action lately.</p>
<h2 class="wp-block-heading" id="aave-s-journey-from-consolidation-to-breakout">AAVE’s Journey: From Consolidation to Breakout</h2>
<p>The recent price action of AAVE marks a significant shift in its trajectory. Following a prolonged phase of consolidation characterized as the “accumulation zone,” the token demonstrated low volatility, indicating steady buying interest over time. This phase often precedes strong price movements, as seen in AAVE’s case.</p>
<p><a href="https://captainaltcoin.com/analyst-predicts-aave-price-could-climb-higher-heres-the-outlook/" target="_blank" rel="noopener noreferrer nofollow">AAVE’s price</a> broke past $200, pushing through previous resistance. The strong move up came after a period where traders were steadily buying. When the price fell back to test the old resistance level, it held as support – a good sign that shows the upward move is solid. This sets up AAVE for potentially more gains ahead.</p>
<h2 class="wp-block-heading" id="resistance-at-200-and-the-trading-strategy">Resistance at $200 and the Trading Strategy</h2>
<p>The $200 price mark has been a critical resistance level for AAVE, both psychologically and technically. Reaching this level required overcoming multiple price hurdles, underscoring the strength of the bullish trend. The chart analysis also revealed an impressive potential gain of over 80% from the breakout point to the current price.</p>
<p>Crypto-ROD, the trader behind the widely shared tweet, disclosed his trading plan upon AAVE hitting this target. He mentioned cashing out 50% of his holdings at $200 while allowing the remaining portion to “ride” for potential future gains. This strategy reflects disciplined risk management and highlights the significance of milestone-based profit-taking.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/litecoin-price-pumps-analyst-says-its-time-to-pay-attention-to-ltc/" target="_blank" rel="noopener noreferrer nofollow">Litecoin Price Pumps, Analyst Says ‘It’s Time to Pay Attention’ to LTC</a></em></strong></p>
<h2 class="wp-block-heading" id="aave-chart-analysis-and-future-outlook">AAVE Chart Analysis and Future Outlook</h2>
<p>The chart analysis suggests that <a href="https://coinmarketcap.com/currencies/aave/" target="_blank" rel="noopener noreferrer nofollow">AAVE’s price</a> structure remains bullish, with a clear progression of higher highs and higher lows. Key features of the chart include the accumulation phase, the breakout, and the subsequent retest, all of which align with technical analysis principles. Support zones formed during the accumulation and retest phases provide a strong foundation for future price stability.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="501" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-74-1024x501.png" alt="" class="wp-image-591348" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-74-1024x501.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-74-300x147.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-74-767x375.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-74-1536x751.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-74-2048x1001.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-74-307x150.png 307w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-74-100x49.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-74-716x350.png 716w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-74-788x385.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-74.png 679w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/RodMaartin/status/1863567245722447986" target="_blank" rel="noopener noreferrer nofollow">X/Crypto-ROD</a></em></strong>
 </figcaption>
</figure>
<p>The trader’s sentiment, paired with technical analysis, points to a promising outlook for AAVE. While the $200 milestone is significant, market observers continue to watch for potential new highs as bullish momentum persists. This development places AAVE in the spotlight within the broader cryptocurrency market.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/aave-price-breaks-above-200-as-analyst-explains-whats-next/" rel="noopener noreferrer nofollow">AAVE Price Breaks Above $200 as Analyst Explains What’s Next</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

AAVE Price Breaks Above $200 as Analyst Explains What’s Next

Table of Contents

CaptainAltcoin

Other articles published on Dec 2, 2024

Brazilian congressman Eros Biondini proposes a national bitcoin reserve

BTFD Surges, Floki Inu Expands, Moo Deng Coin Roadmap

BTFD Surges Past $500K, NPCS Hits $24M, and Popcat Goes Viral

Michael Saylor’s MicroStrategy Expands its Bitcoin Reserves to 331,000 With Latest Acquisition

Crypto Weekly Updates: Why is Crypto Down, Ethereum and XRP News

Intel (INTC) Stock Rises Following CEO Change Announcement

Join our free newsletter for daily crypto updates!