Aave ($AAVE) Struggling To DominateSince October 19, the AAVE price has surged by 46%, marking it as one of the best performers among the Top 100 altcoins by market capitalization. The asset has nearly reached its annual high of $95.58.
Currently, Aave is caught in a sideways channel, fluctuating between the support level at $81.38 and the resistance level at $90.70. Both buyers and sellers are struggling to dominate, making trading within this range a logical outcome. Concurrently, the continuation of the upward trend remains a priority as long as a similar pattern is maintained on the Bitcoin chart.
If AAVE continues on its upward path, the immediate targets for buyers would be the yearly high of $95.58 and the “psychological level” of $100. In case of a corrective move, the coin might test the buyer's level at $79.76, the support zones at $74.33-$77.73, and $68.9-$71.9. AAVE is expected to maintain its positive momentum as long as Bitcoin trades above the $30,000 mark.