AAVE Surges 13% to $165.97: Is $175 Next Target?

AAVE's price surged by 13.31% in just one day to reach $165.97, exceeding its Bollinger upper band and stochastics at 95.

This explosive move has left AAVE convincingly above all meaningful moving averages on the board, with a significant gap between its current price and the long-dormant 200-day SMA.

However, despite being technically stretched in the short term, the medium-term structure remains intact, with the stochastic %K at 95.18 and %D still catching up at 76.15 indicating accelerated momentum rather than patient accumulation.

The MACD has flatlined after a big push, suggesting buyers are catching their breath, while the RSI at 69.32 hasn't technically crossed into overbought territory but with stochastics already high, this divergence demands respect.