Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Abe remains bullish as Bitcoin falters: Next target $142?
ALTCOIN NEWS

Abe remains bullish as Bitcoin falters: Next target $142?

By Crypto FlexsAugust 4, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Abe remains bullish as Bitcoin falters: Next target 2?
Share
Facebook Twitter LinkedIn Pinterest Email
  • Abe was profitable at a time when Bitcoin and other large coins were struggling to stay afloat.
  • On-chain indicators are bullish, but next week could see price declines and increased volatility.

Aave (AAVE) has performed very well over the past week. While Bitcoin (BTC) has plunged 11.25% since its high on Monday, July 29, the AAVE price has surged 11% from its high on Monday.

In a week dominated by bearish news, Bitcoin’s resilience and exceptional relative strength are good news for AAVE holders. Here’s what traders and investors should watch out for:

Aave had a solid strong performance in July and started August on a good note.

AAVE 1-day TradingView

Source: AAVE/USDT on TradingView

A set of Fibonacci correction and extension levels were drawn based on the July rally from $71 to $106.7. The 50% correction level of $88.94 was tested as support on July 24 before the bulls reversed losses.

Over the past 9 days, AAVE has surged and broken out of a bullish market structure on the 1-day time frame. The daily RSI is at 65, indicating tremendous bullish momentum but not yet overbought.

OBV is also showing an uptrend, and there may be more room for expansion as it supports steady buying. The Fibonacci extension levels of $129 and $142 are well aligned with the local highs formed over the last 3 days, making them the next profit taking targets.

On-chain metrics show that volatility is likely.

Aave Santiment MetricsAave Santiment Metrics

Source: Santiment

The Average Coin Age indicator has been trending upward slowly since early July, which is a sign of accumulation. However, the 30-day MVRV has hit a high not seen since March.

This could signal a strong selling wave from short-term holders who enjoy healthy profit margins.


Read Aave (AAVE) Price Prediction 2024-25


The distribution indicator has been trending upward over the past few days, and the velocity has also been trending upward. Together, they have shown strength, but also warned that short-term price volatility will increase.

Therefore, traders can expect the price to move towards $142 with a few downside moves.

Previous: Japan’s Interest Rate Hike and Cryptocurrency Crash: What You Need to Know

Next: AVAX Down 40% Since July: Ready for a Bullish Reversal?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

BNB price forecast: Target $ 890- $ 900 in September 2025.

August 31, 2025

After BTS Star Jungkook has 39 billion hacking, South Korea will crack down on encryption fraud.

August 30, 2025

FY Energy Offers Industry-leading Cloud Computing Systems, Offering Opportunities For Daily Passive Income Of $7,580 Through Mining.

August 30, 2025

Four coins to be purchased as decisions for five branch XRP ETFs will be pushed until October.

August 30, 2025

Ethereum-Based Meme Project Pepeto ($PEPETO) Surges Past $6.5M In Presale

August 29, 2025

Use Australia’s Top Cloud Mining Tools To Become A Millionaire!

August 29, 2025

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025
Most Popular

Trends that should not be missed in 2025

May 19, 2025

Top 3 Meme Coins That Could Be Goldmines in a Bull Market

February 7, 2024

Could Bitcoin Bulls or Bears Benefit from the Expiration of $9.25 Billion BTC Options This Week?

June 27, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.