NewsBTC

9 March 2025

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AAVE Price Drops Below $200 Amid Bearish Pressure

The AAVE price has recently fallen below the psychological $200 mark, experiencing bearish pressure. Despite this, a crypto analyst predicts a potential bullish rally targeting $360.

AAVE Price Prediction

• Analyst Ali Martinez forecasts an 80% surge based on a developing broadening formation in the AAVE price chart.
• This pattern typically indicates increased volatility and can signal a pivotal turning point for prices.
• AAVE must breach the resistance level around $250 to confirm a bullish breakout.
• If successful, a rise to $360 could occur within weeks.

As of now, AAVE is trading around $200, reflecting a 6% decline in 24 hours but a 4.3% increase over the week. The rising activity among AAVE whales could serve as a positive catalyst, with whale transactions over $100,000 increasing by more than 267% recently.