Crypto
AAVE Prices Eye $125 Breakout as Bullish Momentum Continues
The price of AAVE has been steadily increasing over the past month, gaining 22.8% in value to currently trade around $94.35.
Despite a recent pullback of 1.6%, technical indicators and market structure suggest that a decisive move is imminent.
Several analysts believe that the next major trend will be decided in the $100-$105 region, with some predicting a breakout above this level could send AAVE to $125 or even $141.
From a technical perspective, AAVE continues to hold above its 10-day, 20-day, 50-day, and 100-day exponential moving averages (EMAs), maintaining a bullish short- to medium-term structure.