- Aave shows bullish potential, with a correction seen as a setup for a higher low and continuation of its upward trend.
- Key support zones, including $159 and the POC, are critical to confirming Aave’s next major price move.
- Volume spikes and Fibonacci retracement patterns suggest that Aave is poised for a strong bullish breakout in the near future.
The price of Aave demonstrated a powerful rise after reaching a low of $114. The token was rocketing towards almost reaching the price of over $316, yet facing resistance at the higher timeframes. Aave has since retreated, although the direction has been rather bullish. The correction is being viewed as a possible setup for a higher low, which may help the uptrend to continue.
According to this higher low formation, it can be seen that the positive trend of the token is poised to resume. A confluence zone is the critical area of such an arrangement. This space is composed of the value area low, the high time frame support at $159, as well as the prior swing low. If the price manage to maintain above this area then it could be a bearish case that proves the bull run is not over and is poised to move to the next portion up.
Source: TradingView
Aave Faces Key Resistance, Bullish Volume Signals Ahead
Currently, Aave is at a short-term resistance point of control (POC). This endpoint, where the POC is a high-level price level, and currently, Aave is trading around this level. A retracement above this opposition would signal a significant marker that the bullish market is going to advance. This level is being observed by traders and it may be broken as such will open up potential of additional upward movement.
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Another important indicator to be watched is the volume profile. The further rise in the volume in the area of the higher low would assist in determining the power of the token’s bullishsh continuation. In case volume spikes whenever the price rebounds off this support level, it would be a highly indicative sign that buyers are coming down to keep strengthening the bullish argument.
The market structure of token has not been affected by the price retracement. Analysts remain hopeful of the future of the token since it has performed well over the past few months. This token has been registering resilience, and the pullback is viewed as a chance where traders can stock up in preparation of the following surge.
Key Levels to Watch in Coming Weeks
Rose Premium Signals reported that cryptocurrency is on the threshold of a significant bullish breakout. Aave is demonstrating the indication of a continuation pattern after retracing to a 0.5-0.618 Fibonacci support zone. In case the price responds severely to this support level, then a rally may occur. Traders are awaiting confirmation at the 0.236 Fibonacci point above because this can trigger a very good upsurge.
Source: X
The following weeks will be critical to Aave. As long as it is trading above the $159 support level and manage to scale the short-term resistance at the POC, then the token is on a potential strong rally. The traders are closely watching the important levels in order to see whether the uptrend will be sustained or is the correction to bring about further consolidation.
The bullish structure on token is also obvious, and the setup remains to be confirmed by important technical levels. As long as the token remains above support and records an increasing volume, a breach may propel it to new highs. The next move is eagerly awaited by the market, and most analysts are anticipating that coin would surmount the resistance within a few weeks.
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