Aave Price Prediction – After Breaking Out of One Pattern, Now the Next?

Aave is a DeFi protocol on the Ethereum, Avalanche and Polygon network. The token “AAVE” is the coin of the project. But how could the Aave course continue in the near future after it too was not spared from the crypto crash. We also looked at SushiSwap and found that the course does not have a bright future. But is it the same with the Aave course, since it is also a DeFi project? Today we will explain to you the technical chart situation for the Aave course.

Aave price formed a descending triangle a few weeks ago. This triangle had support around $172.4. Having broken the $172.4 support during last week's crypto crash, we now expect a confirmed breakout. As a result, the Aave price could drop a little more in the near future than it has already done.

With the Aave price having a trend line that is pushing the price further down, the bears are constantly pressuring the bulls. With the next support around $95.5, we expect the drop to this level to continue. After that, there might be a small move up to the trendline. A descending triangle could also form from this, which is why we again assume that the price will fall below $95.5. The goal is around $50.

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