Does AAVE To Show the Next Big Move Soon?

3 Ağu

In the list, AAVE has been positioned at the top with past 7 days gains of more than 13% with a major spike from $80 enormous support. This support has been tested many times and has proved its resilience so far.

Overall, its price has shown a tough range-bound movement in the $80 to $120 range. Where on July 5th, the price rose with a liquidity grab and displayed a run of more than 60% gains in the past 30 days. This showed a run from the lower border of the range to the higher border of the range.

Where the price has been showing a struggle at the upper border. Once it's cleared, the spike could lead to capture $134 and $145 price targets. While dipping below $105 would mean the deterioration towards the lower border of the range, where $96 could be a support to watch out for as well.

Indicators, as of writing, fully support the bullishness ahead. The price has pierced both the 50-day and 200-day EMA bands. Meanwhile, the MACD has formed a bullish cross above zero line with a histogram at 1.54, and RSI above the median line at 64.30.