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- Analyst predicts Aave could reach $1,700 long-term with strong support at $284 and mid-term targets at $430 and $666.
- Aave’s bullish momentum since June 2023 signals potential growth, aligning with broader altcoin market trends.
Aave (AAVE) is on an outstanding upward track, indicating the possibility for even higher growth. Renowned crypto analyst Alan Santana’s newest analysis on TradingView shows that AAVEUSDT has been slowly rising since June 2023, with a new optimistic impetus developing since August 2024.
Santana’s observations show that Aave has overcome notable resistance levels, thus enabling more aggressive price targets.
Aave Path to Higher Targets Gains Momentum
Santana noted that Ave recently overcame a resistance level of $284, hence generating significant support. Trading above this level now, the next goal is $430; mid-term targets follow at $536 and $666.
Long term, Santana projects a possible increase to $1,050 and speculates that the bull market might drive AAVE as high as $1,700. “It is good to see Aave being this strong even if you do not hold this pair since if Aave grows, the rest of the market is set to do the same,” he underlined.
Meanwhile, AAVE is swapped hands at about $370.32 at the time of writing, a 4.39% gain over the last 24 hours and a 44.36% rise over the last 7 days.
Besides that, the news of World Liberty Financial (WLF), a DeFi platform backed by the Trump family, participating in the latest event added to the thrill. As we previously reported, WLF apparently accumulated large amounts of ETH, AAVE, and LINK, which set off notable price swings for LINK and AAVE.