AAVE is currently holding a strong support level at $70, presenting significant potential for gains. If this support holds, we could see a robust upward movement. However, if the $70 support breaks, the next crucial support lies around $50. This level is expected to provide a necessary bounce, especially with the altcoin season approaching.
According to historical data, AAVE's bull run targets a minimum of $1600. Should this resistance flip by January or February 2025, the maximum target could soar up to $15,378. This mirrors the unexpected price pumps observed during previous bull runs in 2017 and 2021. The market's volatility could again present lucrative opportunities, provided we navigate resistance zones effectively.
It's crucial to remember our exit strategy: aim to exit the market by March or October 2025, regardless of the prices at that time, as the altcoin season is expected to end during this period.
For more in-depth analysis and to stay updated with our latest trading ideas, follow us on TradingView. Benefit from our insights and maximize your trading potential.
According to historical data, AAVE's bull run targets a minimum of $1600. Should this resistance flip by January or February 2025, the maximum target could soar up to $15,378. This mirrors the unexpected price pumps observed during previous bull runs in 2017 and 2021. The market's volatility could again present lucrative opportunities, provided we navigate resistance zones effectively.
It's crucial to remember our exit strategy: aim to exit the market by March or October 2025, regardless of the prices at that time, as the altcoin season is expected to end during this period.
For more in-depth analysis and to stay updated with our latest trading ideas, follow us on TradingView. Benefit from our insights and maximize your trading potential.
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