Yash is a crypto analyst specializing in price analysis, predictions, and in-depth research reports. He combines technical indicators with on-chain data to uncover market trends and potential breakouts. His sharp insights help readers navigate the crypto market with confidence. Whether it’s Bitcoin or emerging altcoins, Yash breaks it down with clarity and precision
Yash is a crypto analyst specializing in price analysis, predictions, and in-depth research reports. He combines technical indicators with on-chain data to uncover market trends and potential breakouts. His sharp insights help readers navigate the crypto market with confidence. Whether it’s Bitcoin or emerging altcoins, Yash breaks it down with clarity and precision
Yash is a crypto analyst specializing in price analysis, predictions, and in-depth research reports. He combines technical indicators with on-chain data to uncover market trends and potential breakouts. His sharp insights help readers navigate the crypto market with confidence. Whether it’s Bitcoin or emerging altcoins, Yash breaks it down with clarity and precision
Story HighlightsAAVE price has flipped its 20-week and 50-week EMAs and is testing the 200-week EMA
AAVE exchange balances rose around12%, adding about 146,000 coins between Sep 16 and Sep 28
Meanwhil, Burn talk has emerged, but no proposal, burn ratio or timeline has been published
AAVE price is recovering on the weekly chart, but the rally is running into a much bigger test. The token has flipped both the 20-week and 50-week EMAs, and the 200-week EMA band is now being tested
The recovery has pushed AAVE above its 20-week and 50-week EMA levels with strength. Now, the 200-week EMA band stands in the way
If that resistance breaks, the constraints around the current recovery could ease. The chart levels point toward $240 and $340 as potential targets over the coming months, with the final quarter of the year approaching. That’s the bullish setup. The supply data is less convincing
A burn is under consideration, according to comments made on September 29. However, no proposal, burn ratio or timeline has been published
Meanwhile, the live buyback is estimated at around 292 AAVE per day into the DAO treasury, based on June estimates. Exchange balances are moving in the opposite direction
AAVE held on exchanges increased roughly 12% between September 16 and September 28, adding around 146,000 coins. That’s approximately 12,000 AAVE per day
Exchange supply subsequently reached a 60-day high, even as AAVE price climbed around 24% over the same period. That doesn’t mean those coins were sold. Still, the numbers don’t show an obvious supply squeeze yet
If a burn eventually happens, the starting point is notable: exchange balances are already near a 60-day high. For now, AAVE price has the 200-week EMA to clear while the supply picture remains mixed
