Online

<p>Prominent analyst More Crypto Online has shared some insights about<a href="https://captainaltcoin.com/aave-price-breaks-above-200-as-analyst-explains-whats-next/" target="_blank" rel="noopener noreferrer nofollow"> AAVE’s price</a> on X (formerly Twitter) as the token continues its strong price movements.&nbsp;</p>
<p>The analyst noted that AAVE’s price should hold the $218 support level during its pullback. The tweet suggests that the $270-$280 range may have concluded or is nearing completion, setting the stage for the next phase of price action.</p>
<h2 class="wp-block-heading" id="aave-chart-analysis-elliott-wave-analysis-and-current-price-movements">AAVE Chart Analysis: Elliott Wave Analysis and Current Price Movements</h2>
<p>The chart associated with the analysis utilizes Elliott Wave Theory to track <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>structure. The current movement appears to be part of a five-wave impulse pattern. Wave (3) has likely peaked near the $270-$280 range, driven by strong bullish momentum. This sets the stage for wave (4), a corrective phase, with potential support levels aligning with Fibonacci retracement zones.</p>
<p>Key retracement levels for wave (4) are at 38.2%, 50%, and 61.8%, with $218 as a key figure for support. If the price holds above $218 during this correction, it would confirm the structure’s validity and prepare the token for a move into wave (5). Analysts project wave (5) could drive the price toward $300-$400, marking a continuation of the bullish trend.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="559" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-415-1024x559.png" alt="" class="wp-image-596117" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-415-1024x559.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-415-300x164.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-415-768x419.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-415-1536x838.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-415-2048x1117.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-415-275x150.png 275w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-415-100x55.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-415-642x350.png 642w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-415-788x429.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-415.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/Morecryptoonl/status/1866167630408958431" target="_blank" rel="noopener noreferrer nofollow">X/MoreCryptoOnline</a></em></strong>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="the-importance-of-218-support-level">The Importance of $218 Support Level</h2>
<p>The $218 level is identified as a pivotal area for AAVE’s ongoing price trajectory. Falling below this level could lead to further corrections, potentially testing lower Fibonacci retracement levels at $200 or $190. However, if the price holds above $218 during wave (4), it could confirm the bullish structure and provide a foundation for wave (5) to push the token higher.</p>
<p>Wave (4) corrections typically align with the Fibonacci retracement zones, offering traders a chance to accumulate before the price resumes upward momentum. This wave is considered a necessary cooling-off phase after the steep ascent of wave (3), which peaked at approximately $270-$280.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/pepe-price-prediction-top-analyst-predicts-pepe-will-go-higher-again/" target="_blank" rel="noopener noreferrer nofollow">PEPE Price Prediction: Top Analyst Predicts PEPE Will Go Higher Again</a></em></strong></p>
<h2 class="wp-block-heading" id="bullish-momentum-and-price-targets">Bullish Momentum and Price Targets</h2>
<p>The steep ascent during wave (3) reflects strong bullish momentum, with wave (5) expected to build on this foundation. Should wave (5) materialize, projections suggest price targets around $300 to $400, depending on market dynamics.</p>
<p>More Crypto Online emphasizes the importance of current support levels in maintaining the Elliott Wave structure. The next few days will likely determine whether <a href="https://coinmarketcap.com/currencies/aave/" target="_blank" rel="noopener noreferrer nofollow">AAVE’s price</a> can sustain its bullish momentum and deliver on the high expectations of traders and investors. If $218 holds firm, it could mark the beginning of wave (5), potentially propelling the token to new heights.</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>
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<p>The post <a href="https://captainaltcoin.com/heres-why-aave-price-could-skyrocket-to-400/" rel="noopener noreferrer nofollow">Here’s Why AAVE Price Could Skyrocket to $400</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Here’s Why AAVE Price Could Skyrocket to $400

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