Today's password $AAVE

AAVE recently broke through the neckline of the double bottom pattern, which pushed the price up and is currently trading at $138. The next possible target is $154.

Here are the main factors:

Breakout signal: AAVE has broken through the neckline of the double bottom pattern, which usually indicates further gains.

Strong buy: The RSI index is 74, indicating strong buying activity in the market. Although the RSI is close to the overbought area, there is still room for gains in the short term.

Technical indicator support: The moving average convergence divergence (MACD) shows a bullish trend, and the MACD histogram has become longer since August 15, reflecting continued buying interest.

Whale activity: Whales have recently bought AAVE on a large scale, driving the price up.

If AAVE can continue to break through the current resistance level, $154 will be the next possible target.

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