AAVE Surges 7.1% to $134.56: How High Can the Price Go?

AAVE has seen a significant surge in price, reaching $134.56 after gaining 7.1% in value over the past day.

The broader trend is dominated by buyers, according to technical analysis, which suggests that more upside is likely if this momentum continues.

The Moving Average Convergence Divergence (MACD) line on the four-hour chart shows a strong uptrend, with both lines above zero indicating a bullish market and accelerating short-term momentum.

However, some caution is warranted as AAVE has entered overbought territory, with an RSI reading of 72.76. If price continues making higher highs while starting to make lower highs, it could signal a reversal.