AAVE is consolidating near critical channel support, setting the stage for a possible fourth exponential wave toward $950 by mid-2025.
Each wave in AAVE’s bullish structure shows stronger momentum, with wave three delivering a 460 percent gain before cooling off.
The weekly chart’s ascending channel and consistent trendline respect reflect a technically sound setup for potential bullish continuation.
AAVE continues to display strong bullish momentum on the weekly chart, hinting at a potential surge to $950. The digital asset has been forming increasingly aggressive waves within a well-defined upward channel since mid-2023. At its current price of $262.35, AAVE appears to be consolidating near a key support zone. Analysts see this as a setup for a potential fourth wave breakout.
The price movement on the AAVE/USDT pair traded on Binance, shows a compelling technical structure. It features a steep ascending channel and exponential wave progression. Importantly, each impulse wave has outpaced the previous one in both scale and velocity. This pattern is visible on a logarithmic chart that reduces visual distortion. Each bullish leg represents a larger market conviction and intensified buying pressure.
Three Completed Waves Signal Strength
Wave 1 kicked off in July 2023, lifting AAVE from $50 to $80 for a 70% gain. It marked the initial breakout from accumulation. Subsequently, Wave 2 launched from the corrective bottom and drove prices from $70 to $130. This 150% surge completed by early 2024 and validated the rising channel support.
Source: Bitcoinsensus
Wave 3 began after another correction, rallying from $100 to a high of $400. This explosive 460% run peaked around July 2024, making it the most intense rally so far. Afterward, AAVE entered a cooling-off phase, finding stability near the channel’s lower boundary.
Next Target Set at $950
Currently, AAVE sits at a critical support level inside the bullish channel. Price consolidation here builds a foundation for the projected fourth wave. If history repeats, a continuation to $950 is plausible by mid-2025. This would mark a 750% gain from cycle lows, aligning with the pattern’s exponential nature.
Moreover, the chart presents clear support and resistance along the channel’s boundaries. Price action has consistently respected these trend lines, boosting trader confidence. Additionally, white dotted projections and arrows guide future movement forecasts.
Consequently, the structure remains firmly bullish. The accelerating wave strength and precise channel formation give technical traders a high-conviction setup. Hence, AAVE’s multi-wave uptrend could resume soon, targeting higher zones. The next few weeks will be crucial in confirming this continuation.
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