Aave Price Prediction: Aave bulls eyeing $345 resistance after breaking above $280

Aave price prediction summary

• The Aave price prediction is currently in a very advantageous position.
• The price of EMAVE/USD has been trading steadily higher, experiencing a rally.
• Aave is anticipated to rally further.

The Aave price analysis is bullish today, as a new higher low has been established around $285, with a reaction high late yesterday. As a result, we anticipate AAVE/USD to proceed higher and attempt to breach the $345 resistance next.

The market as a whole was in the green for the last 24 hours. Bitcoin increased by 5.65 percent, while Ethereum rose by 5.43 percent over that time period. Meanwhile, Shiba Inu (SHIB) is still the most successful investment option among all cryptocurrencies.

Aave price movement in the last 24 hours: Aave returns above $305

The price of Stellar Lumens (XLM) has been relatively stable over the past 24 hours, fluctuating between $287.96 and $317.28. The total market capitalization is around $4 billion, putting the coin in 43rd position overall. Volume increased by 27.69 percent to $326.45 billion, while trading volume was dominated by the following exchanges: Binance (19%), Gate.io (5%), and Coinbit (4%).

AAVE/USD 4-hour chart: AAVE to reach new highs today?

On the Aave price chart, we can observe that after a brief decrease yesterday was met with more bullish pressure, the price is beginning to recover.

AAVE/USD Source: TradingView

In October, Aave price prediction has seen a resurgence of bullish momentum. In September, support was discovered at around $260 after a sequence of lower lows and highs.

The price of AAVE/USD spent several weeks ranging above the support before breaking higher on October 2nd. Aave eventually reached a high of roughly $325, after which there was a little selloff.

On Monday, bears tried to take control of the market’s momentum, but positive momentum returned around $285. The price action has advanced back above $305, where it is now preparing for another push higher.

Aave Price Prediction Bottomline

The Aave price prediction is positive today, as the downside was rejected yesterday, prompting the market to rise above $305 previous resistance. As a result, we anticipate that AAVE/USD will continue to rise over the next 24 hours.