#ReboundRally

AAVE Price Nears 3-Year Highs Amid Bullish Sentiment

AAVE’s price continues to surge, cementing its position as the largest crypto lending protocol with a market cap of $5.5 billion — more than all the top 10 lending protocols combined.

The token is up an impressive 220% this year and 110% in the last 30 days alone, driven by strong bullish momentum and growing market interest. Technical indicators such as the RSI and CMF highlight continued positive trends, although some signs of slowing momentum suggest a potential consolidation ahead.

AAVE’s RSI is neutral after approaching overbought territory

AAVE’s RSI is currently at 59.2, down from 69.19 on December 23, when it peaked at $382. This decline in the RSI indicates that Ave price has moved away from the overbought zone, where high buying pressure usually precedes a price correction.

While the current RSI still reflects relatively strong momentum, the decline suggests that the market may be stabilizing after a period of intense buying activity.