What to know:
- Aave (AAVE) faces short-term bearish pressure, with analysts citing lost support levels.
- Current trading shows modest declines, while weekly performance indicates a sharper drop.
- Market projections suggest potential recovery toward previous highs later this year.
Aave (AAVE) is currently trading at $154.55, reflecting a 1.13% decrease in the past 24 hours. Trading volume over the same period fell sharply to $270 million, down 20.27%, signaling reduced market activity. Over the past week, AAVE has struggled to maintain momentum, with its price down 13.34% from the prior seven-day period, according to cryptocurrency market data.
Market analysts have highlighted that Aave is encountering significant resistance levels, which could limit short-term gains. The recent decline underscores a period of consolidation following the token’s previous price surge, suggesting cautious trading sentiment among investors.
AAVE Loses Key Ascending Support
Crypto analyst Alex Clay has noted that AAVE lost its ascending support, prompting a negative retest of the SuperGuppy indicator, now reflecting bearish signals. According to Clay, the mid-term outlook appears uncertain, with potential downside targets at $110.50 and $72 if current trends continue. These projections indicate that traders and investors should prepare for heightened volatility in the coming weeks.
Clay’s analysis emphasizes the importance of technical indicators in forecasting market movements, particularly in the DeFi space, where price swings are frequent and sometimes abrupt. The loss of support could affect trader confidence, triggering further sell-offs if the trend persists.
Also Read | Aave Governance Vote Overwhelmingly Rejected After Community Pushback
AAVE Price Prediction for 2025
According to DigitalCoinPrice, Aave could approach the $180.37 level, potentially surpassing previous peaks. Historical data shows that AAVE reached significant highs during early 2021, and market experts suggest that similar upward momentum may return, with price targets ranging from $172.90 to $180.37.
Investors and market observers remain cautiously optimistic. While short-term technical patterns indicate challenges, the broader trajectory could favor recovery if overall market conditions improve. This outlook reflects the dual nature of cryptocurrency markets, where volatility and potential gains often coexist.
Also Read | AAVE Shows Potential for $165 as Whale Investment Sparks Optimism
