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Aave Price Prediction: Is the Correction Over or More Pain Ahead?

Author: Content Editor
Aave Price Prediction: Is the Correction Over or More Pain Ahead?
The article discusses the recent price movement of Aave (AAVE), a decentralized finance (DeFi) project. After reaching a high of over $400 in December 2024, the price of Aave dropped below $200 before showing signs of recovery, currently trading around $213. The article analyzes key support and resistance levels, RSI indicators, and potential price targets. It notes that the $170-$180 range is emerging as a strong support zone, with the $240-$250 region being the next resistance to watch. The RSI and Heikin Ashi candles suggest a potential trend change, but confirmation is needed. A successful breakout above $240 could trigger a rally toward $280-$300. However, failure to breach $240 may lead to renewed selling pressure. In the short term, if the price holds above $200, it could test $240-$250, while long-term recovery depends on broader market trends and Bitcoin's movement. Overall, the article suggests that accumulating near $180-$200 could be a strategy for long-term investors, while short-term traders should watch for a breakout above $240 before entering bullish positions.

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