Bitcoin, the leading cryptocurrency, is experiencing a significant boost, maintaining its value above $63,000. This surge is attributed to the Federal Reserve’s influence, and as the final quarter of the year approaches, investors are hopeful for potential gains. Notably, respected analyst Daan Crypto Trades is optimistic about AAVE, forecasting a target of $200. Concurrently, he is scrutinizing the current trends for PENDLE, ONDO, and RENDER Coins.
How Could AAVE’s Price Reach New Heights?
Daan Crypto Trades recently shared a chart emphasizing promising prospects for AAVE. He suggests that AAVE’s price could gradually ascend to exceed $200. He highlights a steady move above the 2024 cycle peaks and notes that if market conditions remain favorable and Bitcoin sustains its position above $60,000, reaching $200 is achievable. His analysis also sets a net target at $261, anticipating potential for even higher peaks.
What is Driving PENDLE’s Recent Surge?
PENDLE Coin has been on an impressive upward trajectory, achieving a 212% surge between March and April. It has now retraced to levels where it initiated a rally in August, targeting the $4.70 region which could accelerate its ascent. If successful, PENDLE might revisit its peak above $7. Notably, it has achieved a 40% increase over the last four days, outpacing other altcoins. Should Bitcoin maintain its strength, PENDLE could ascend by 64% to reach $7.29, with primary support levels at $3.35 and $2.60 in bearish scenarios.
• AAVE is projected to cross $200, with a potential target of $261.
• PENDLE aims for $4.70, with a possible climb to $7.29 if Bitcoin remains robust.
• ONDO’s support at $0.66 is critical for a rebound to $0.81.
• RENDER is eyeing new peaks between $7.27 and $9.73 if it surpasses $6.30 resistance.
RENDER has been a standout altcoin this year, partly due to the AI excitement led by OpenAI. Although currently 66% below its peak, RENDER has gained 25% over the past five days from a low of $4.62. If it surpasses the $6.30 resistance in the short term, new highs between $7.27 and $9.73 could be achieved in October, signaling a promising outlook for this digital asset.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/crypto-analyst-sees-aave-rising-to-200