Support critical for AAVE stability: Analyst More Crypto Online emphasizes the importance of maintaining KEY support at $218 for AAVE. This level is crucial for stabilizing the price and could potentially trigger a bullish wave, propelling AAVE towards higher price targets if sustained.
Continued elliott wave pattern: AAVE’s price trend follows an Elliott Wave five-wave impulse pattern, with wave (3) peaking around $270-$280. The ongoing wave (4) acts as a corrective phase, focusing on maintaining support at $218 to set the stage for wave (5) upward.
AAVE poised for $400 if support holds: If AAVE remains above $218 during wave (4), analysts predict a bullish wave (5) could elevate its price between $300 and $400. This support level’s integrity is crucial to confirming this momentum, steering clear of further corrections.
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