AAVE Poised for Potential Breakout, Analyst Suggests
AAVE is trading at $163.69 within its Bollinger Bands, according to Michaël van de Poppe. The analyst notes that AAVE has only just begun its real advance and could potentially repeat the late-2024 build-up that led to a sharp move to $400 in Q4.
The price of AAVE sits above both the EMA50 at $153.91 and the EMA200 at $135.99, confirming the longer-term bullish trend structure. However, the neutral RSI(14) reading of 57.91 leaves room for continuation before overbought conditions appear.
Additionally, the MACD death cross at 3.09 signals short-term momentum caution. Nevertheless, AAVE remains within its Bollinger Bands, with upper resistance at $175.21 and lower support at $142.42. This suggests that any healthy pullback would likely find bids at the EMA50 before the next leg higher.