AAVE's 10% Surge Hits Resistance: Experts Warn of Pullback Before Potential Run to $202
AAVE posted an unexpected 10% intraday surge on October 2nd, reaching as high as $187.50 before settling at around $181.93.
The sudden move caught many traders off guard and triggered significant liquidations.
However, experts caution that the asset is now trading above its upper Bollinger Band, which may indicate a warning sign rather than a buy signal.