A glance At The Technical Chart Of AAVE

31 Ağu

AAVE has witnessed a more than 70% surge in its trading price, driven by a breakout from a descending triangle pattern. The daily chart's upward movement has continued despite the major dips, and the $80 demand zone has proved itself as the sturdiest.
Over the past three days, consistent gains were seen taking support from the 20-day EMA band. The price over the long term seems optimistic, as the price of AAVE has managed to keep itself above the 50-day and 200-day EMA bands over the last few months.
Aave price is exhibiting signs of entering a bullish market phase for the long term. As of writing, the trend indicates a possible target of $150, and $160. There’s a higher capacity ahead for AAVE price to hit $200, marking a gain of more than 50% by the end of September.