{"id":89960,"date":"2025-08-20T15:47:52","date_gmt":"2025-08-20T15:47:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=89960"},"modified":"2025-08-20T15:47:52","modified_gmt":"2025-08-20T15:47:52","slug":"will-aave-hit-600-or-fall-to-230-traders-split","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=89960","title":{"rendered":"Will AAVE Hit $600 or Fall to $230? Traders Split"},"content":{"rendered":"

TL;DR<\/p>\n

AAVE is holding above range lows with traders watching for a breakout toward $600.<\/span>
\nDaily chart shows an M-pattern forming, with a possible short-term target near $230.<\/span>
\nBalance of Power remains negative, but fading red bars suggest weakening selling pressure.<\/span><\/p>\n

Price Action and Current Structure<\/h2>\n

Aave (AAVE) was trading around $290 at press time, with a slight gain of 1% over the last 24 hours. The asset has pulled back by nearly 10% over the past week. At present, AAVE is consolidating just below the mid-range zone between $320 and $340.<\/span><\/p>\n

CryptoAmsterdam has shared a weekly chart showing that AAVE is holding above its earlier range low entries. It also outlines a recent higher high, and the current <\/span>consolidation<\/span><\/a> may be forming a higher low. A break above mid-range could push AAVE toward the $600 range high, where traders would then look for a possible breakout into new levels.<\/span><\/p>\n

\/\/ $AAVE<\/a><\/p>\n

> Consolidating below the mid-range
\n> Still one of my DeFi\/Stablecoin narrative spot bets
\n> Holding on to my entries at the range lows
\n> Aiming for the range high zone, then into price discovery. https:\/\/t.co\/Ggif6Er8pv<\/a> pic.twitter.com\/2IMm9prJ5o<\/a><\/p>\n

\u2014 CryptoAmsterdam (@damskotrades) August 20, 2025<\/a><\/p>\n\n

Over the last few years, AAVE has moved through several phases. After a strong rally, it entered a deep decline, followed by a long period of sideways movement between $50 and $120. The move out of that range shows a possible shift away from accumulation.<\/span><\/p>\n

Aave is a major protocol in the DeFi space. It runs a non-custodial lending system and continues to hold a large portion of the market. Based on <\/span>DefiLlama<\/span> data<\/a>, Aave\u2019s Total Value Locked (TVL) is currently at around $36 billion, which makes up close to half of the entire DeFi lending market. Last week, its TVL reached $40 billion, marking a new all-time high.<\/span><\/p>\n

Bearish Setup on Short-Term Chart<\/h2>\n

On the daily chart, analyst Ali Martinez <\/span>pointed<\/span><\/a> to a possible double top forming. This M-shaped pattern often points to a short-term top. If the pattern plays out entirely, AAVE could drop toward $230.<\/span><\/p>\n

The asset recently dropped to $285.89, after failing to move past the $330 level. Support around $278 is being watched. If that level breaks, the following zones to watch are near $250 and $244.<\/span><\/p>\n

Moving Averages and Volume Signal<\/h2>\n

AAVE is now trading above the 20-day simple moving average (SMA) at $288, but just under the 50-day SMA, which is at $294. This shows that the short-term trend is undecided. Buyers will need to hold above $288 and push through the $294 area to regain momentum.<\/span><\/p>\n

<\/a>Source: TradingView<\/p>\n

Meanwhile, the Balance of Power (BBP) indicator is at -19.09, showing that sellers still have control. The red bars are smaller than last week, which may suggest that the pressure is fading. Traders are watching for a flip back into positive, which could confirm a recovery if resistance breaks.<\/span><\/p>\n

The post Will AAVE Hit $600 or Fall to $230? Traders Split<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR AAVE is holding above range lows with traders watching for a breakout toward $600. Daily chart shows an M-pattern forming, with a possible short-term target near $230. Balance of Power remains negative, but fading red bars suggest weakening selling pressure. Price Action and Current Structure Aave (AAVE) was trading around $290 at press time, […]<\/p>\n","protected":false},"author":0,"featured_media":89961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/89960"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=89960"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/89960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/89961"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}