CandleFocus AAVE price prediction: crypto pros see more gains ahead
2024-11-07
Author: Content Editor
The price of AAVE cryptocurrency has experienced a strong comeback, reaching its highest level since April 2022 as sentiment in the crypto industry improved. This surge in price can be attributed to crypto investors becoming more optimistic after the US general election, which saw Donald Trump win comfortably. Trump is seen as a pro-crypto candidate, signaling positive policies for the sector. Additionally, AAVE's total value locked (TVL) has increased by 22% in the last 30 days, indicating strong fundamentals. Analysts are bullish on AAVE and predict further gains, with resistance levels to watch at $225 and $300. However, if the price drops below key support at $175, the bullish view will be invalidated.
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