The post Aave price prediction: are bulls set to reclaim $200? appeared on BitcoinEthereumNews.com.

Aave price is largely flat on the day as top cryptocurrencies surge. But with price predictions for Bitcoin bullish, could AAVE reclaim $200? The broader market is also seeing slight gains amid tariff news The cryptocurrency market has seen some upside moves in the past 24 hours. Price movements across crypto include Bitcoin’s return to above $82k, while Ethereum has reclaimed the $1,560 mark. Amid this broader market uptick, Aave’s price stands at $135. With altcoins such as Onyxcoin skyrocketing, can Aave bulls ride a possible short-term surge to retake the $200 level? Bitcoin going up and the S&P 500 recording gains as investors ponder economic data amid tariff concerns are key catalysts to watch. Aave’s price performance today Over the last 24 hours, Aave has experienced largely muted activity as intraday gains sit at just 0.7%. This follows significant declines that have AAVE dropping by 8% in the past week and 20% in the past month. It’s a pullback that aligns with a broader market downturn. However, Aave remains among the top cryptocurrencies by market cap, and a flip for BTC or top altcoins could elevate it. Analyst points to a disconnect in risk assets The current market environment, as highlighted by Scott Melker in his X post on April 11, 2025, paints a concerning picture for risk assets. Melker notes that the US Dollar Index (DXY) has fallen by 9% from its 2025 peak. Normally, such a dip lifts risk assets due to an inverse correlation. However, this relationship looks to have broken down, with risk assets declining even more sharply. It includes the S&P 500 that is down 15% from its year-to-date peak; Bitcoin has plummeted 25%. “The usual playbook says a falling dollar should lift risk assets – but in 2025, that inverse correlation is breaking…

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Filed under: News - @ April 11, 2025 4:27 pm