Market Analysis

AAVE Price Prediction: Can the Price Hold the $100 Support?

3 hours ago

The broader structure remains weak but is enterin

The broader structure remains weak but is entering a decisive phase as the Bollinger bands are squeezing, suggesting compressed volatility. Although sellers are dominating the rally in the higher timeframe, the recent bounce displays short-term strength. At the same time, CMF remains slightly negative (~ -0.01), suggesting that buying pressure is still limited and capital inflows are not strong enough to confirm sustained accumulation.

Hence, if the AAVE price reclaims $105 and holds above the range, it could further break the resistance at $116, targeting the higher targets at $130 to $140. Meanwhile, a rejection below $100 could drag the price below $95 or even below $90. Hence, the current price action cannot be considered a breakout, as it appears more as a retest of a broken structure.

As long as the AAVE price does not flip the resistance zone between $105 and $116, it remains capped within a descending structure.

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