aelf (ELF) Price Analysis : Analysts Show Cup and Handle Pattern Consolidating with $2 Arriving Soon

aelf has had a volatile run due to the recent volatility in the cryptocurrency market. And considering it happened soon after it reached its all-time high recently, investors have more reasons to be wary about this crypto.

However, aelf price analysis done by experts tells a different story. The 1D candlestick chart on Tradingview shows a cup and handle forming with $2 being the next target.

A Brief Overview About aelf (ELF)

aelf is an AI-driven blockchain project trying to blend AI and blockchain together, a concept that was considered to be inaccessible in the past. Aiming to use this convergence to evolve Web3 into a more positive direction, aelf has been able to form collaborations with partners like Portkey, Schrodinger, Forest, Bridge, ETransfer, BeanGo Town, and more.

With its sharp focus on scalable multi-chain architecture designed specifically for decentralized applications, aelf has been able to become one of the top 200 cryptos on the price charts.

While the token’s current run is not similar to the earlier bullish price action of 2018, there have been a flurry of innovations within its ecosystem, such as the avatar intelligence, which is the project’s new AI framework.

aevatar Intelligence: aelf’s new AI agent framework.

🔵https://t.co/ahx6JlM21b

No-code. Cross-chain. Cross-platform. pic.twitter.com/yXdkXuZul6

— aelf (@aelfblockchain) December 24, 2024

These attributes have been able to create bullish conditions for the token, irrespective of the broader market dynamics.

aelf Price Analysis – $2 is the Target Per the Current Predictions

The recent analysis has come from a cryptocurrency expert known as MAXPAIN, who has revealed that the Cup-and-Handle pattern that was revealed a few days ago is now becoming more consolidated.

Per the tweet made by the crypto analyst, the AI crypto’s current support level of $0.44 is strong, and the next resistance zone lies between $0.77 and $0.88. If the aelf price is able to cross this threshold, it could make a move up further to the neckline, which is $0.99. Crossing this barrier could push the crypto to land in the $1.9 to $2 target.

However, bullish predictions for the token aren’t limited to the long term, for MAXPAIN has also posted an optimistic outlook for the cryptocurrency’s short-term value.

He has established that the token’s price action at the current level lies in the demand zone. It means that those who bought the ELF token during its lows are still holding onto it. This “buy at low” attitude shows investor confidence in the project, showcasing more gains may be coming. In the short term, however, the analyst anticipates that the token will move up by 20% within a few days.

What Lies in the Future for the aelf Price?

Despite the market’s volatility, the cup and handle pattern has inspired experts to go super bullish on this token. Earlier predictions about the token are also that the token could reach $3 in the long term, which would mark a close to 500% increase for the token.

Furthermore, zooming in on the token’s price action since November 26, 2024, also shows promise.

While the mass decline of the token’s price did pose some concern, the arc forming shows that the token is also accumulating. This could mean that a critical point is being created, after which mass buying frenzy can ensue provided that this AI crypto continues its focus on developments.

aelf Price Analysis – Is aelf a Good Investment?

While the aelf price has started accumulating at a low level since the beginning of 2025, the overall pattern continues to be bullish. There are many investors holding the tokens while the prices are low, hoping for things to turn bullish, which is possible due to more than a few factors.

The first is the internal factor associated with the constant developments emerging from the ecosystem. With its upcoming AI agent, aelf can tap into the latest ongoing frenzy – the AI agent coin narrative – to pump in value.

Furthermore, the platform is also acting as a launchpad for people who want to create their own AI assistant, which is another reason the community is gravitating toward aelf.Secondly, 2025 is anticipated by many to be a bullish year for Bitcoin, if it mirrors the 2021 price action. This could push the token’s value up further.So, these aspects make aelf a good investment. However, from the technical point of view, if the token’s value drops below the demand zone, the handle of the “cup and handle pattern” will break, pushing the token into a bear run instead.