AAVE Surges 7%, Buyers Dominate Market Trend

The price of AAVE has surged by 7% in recent trading, reaching $134.56 as of August 24.

This upward momentum is attributed to a bullish trend, with buyers dominating the market. The technical structure of AAVE remains positive, indicating that further gains are possible if buyers continue to drive the price up.

The short-term price movement depends on upcoming resistance levels, including $135.78 and $137. If AAVE breaks through these levels, it may indicate a continued upward trend.

However, if the momentum flips bearish, initial support levels at $133.21 and $130 could come into play, potentially leading to a price drop.