AAVE Coin reached the target set by the analyst on October 2, hitting the anticipated price level. The pressing question now is: what is the next target? At the time of writing, Bitcoin $98,121 was priced at $62,000, and the predictions from analysts are notably intriguing.
AAVE Price Predictions
Two days ago, Phoenix mentioned that AAVE Coin would provide a buying opportunity below $140 and subsequently rise. As expected, AAVE reached the target of $134. Following this upward reaction, the price is now on the verge of hitting $153. The analyst shared a chart from two days ago, suggesting that if the price closes above $153, it could peak at $180.
In a bearish scenario, new buying opportunities may arise in the $133-$130 range. In an oversold environment, the target could drop to $14, and a close below this may lead to swift losses down to $79.
Bitcoin Predictions
Jelle, HORSE, and Ali Martinez provided updates on BTC in the last hour. Examining their diverse perspectives can be beneficial. However, strictly following analysts’ strategies does not guarantee profits. In today’s assessment, HORSE expressed expectations for closures above $62,500.
“Objectively, so far, the stance is good. A sufficient amount of OI has formed, and some are responsive to upward movements.
It maintains a multi-day balance at high levels and embraces the monthly open vwap. A surge above $62,500 could accelerate the rise.”
Jelle is pleased with the higher low formation and believes that brighter days are ahead.
“Here we go, a new higher low is locking in just before the weekend. The rest of the year will be fun.”
Ali Martinez focused on miner sales. Amid geopolitical tensions, miners sold $143 million worth of Bitcoin over six days due to concerns about further losses.
Currently, as sales seem to have weakened, the view of completing the local low at a higher level is being confirmed.