{"id":43199,"date":"2025-08-20T16:01:51","date_gmt":"2025-08-20T16:01:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43199"},"modified":"2025-08-20T16:01:51","modified_gmt":"2025-08-20T16:01:51","slug":"will-aave-hit-600-or-fall-to-230-traders-split","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43199","title":{"rendered":"Will AAVE Hit $600 or Fall to $230? Traders Split"},"content":{"rendered":"<div>\n<p><b>TL;DR<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">AAVE is holding above range lows with traders watching for a breakout toward $600.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Daily chart shows an M-pattern forming, with a possible short-term target near $230.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Balance of Power remains negative, but fading red bars suggest weakening selling pressure.<\/span><\/li>\n<\/ul>\n<h2><b>Price Action and Current Structure<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">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<p><span style=\"font-weight: 400;\">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><a href=\"https:\/\/cryptopotato.com\/aave-down-13-weekly-heres-the-key-bounce-zone\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">consolidation<\/span><\/a><span style=\"font-weight: 400;\"> may be forming a higher low. A break above mid-range could push AAVE toward the $600 range high, where traders would then look for a possible breakout into new levels.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\/\/ <a href=\"https:\/\/twitter.com\/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$AAVE<\/a><\/p>\n<p>&gt; Consolidating below the mid-range<br \/>\n&gt; Still one of my DeFi\/Stablecoin narrative spot bets<br \/>\n&gt; Holding on to my entries at the range lows<br \/>\n&gt; Aiming for the range high zone, then into price discovery. <a href=\"https:\/\/t.co\/Ggif6Er8pv\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/Ggif6Er8pv<\/a> <a href=\"https:\/\/t.co\/2IMm9prJ5o\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/2IMm9prJ5o<\/a><\/p>\n<p>\u2014 CryptoAmsterdam (@damskotrades) <a href=\"https:\/\/twitter.com\/damskotrades\/status\/1958079462207037532?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">August 20, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">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<p><span style=\"font-weight: 400;\">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><span style=\"font-weight: 400;\">DefiLlama<\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/defillama.com\/protocol\/aave\" data-wpel-link=\"external\" target=\"_blank\"> 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<h2><b>Bearish Setup on Short-Term Chart<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">On the daily chart, analyst Ali Martinez <\/span><a href=\"https:\/\/x.com\/ali_charts\/status\/1957435564610707612\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">pointed<\/span><\/a><span style=\"font-weight: 400;\"> 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<p><span style=\"font-weight: 400;\">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<h2><b>Moving Averages and Volume Signal<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">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<figure id=\"attachment_409296\" aria-describedby=\"caption-attachment-409296\" style=\"width: 2390px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/AAVEUSDT_2025-08-20_13-49-32.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-409296\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/AAVEUSDT_2025-08-20_13-49-32.png\" alt=\"AAVE price chart\" width=\"2390\" height=\"1358\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/AAVEUSDT_2025-08-20_13-49-32.png 2390w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/AAVEUSDT_2025-08-20_13-49-32-300x170.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/AAVEUSDT_2025-08-20_13-49-32-1024x582.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/AAVEUSDT_2025-08-20_13-49-32-768x436.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/AAVEUSDT_2025-08-20_13-49-32-1536x873.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/AAVEUSDT_2025-08-20_13-49-32-2048x1164.png 2048w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/AAVEUSDT_2025-08-20_13-49-32-50x28.png 50w\" sizes=\"auto, (max-width: 2390px) 100vw, 2390px\"><\/a><figcaption id=\"caption-attachment-409296\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">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<p>The post <a href=\"https:\/\/cryptopotato.com\/will-aave-hit-600-or-fall-to-230-traders-split\/\">Will AAVE Hit $600 or Fall to $230? Traders Split<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-43199","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43199"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43199\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}