AAVE Buyers Break Bearish Pattern, Rise 16%$AAVE
Aside from the sideways trend, the AAVE token keeps struggling around the psychological milestone of $100.
During the turbulence, the DeFi token price action formed a head and shoulders pattern with the trendline as the neckline.
However, with the recent recovery, the potential demand for DeFi tokens at lower levels has broken the bearish pattern.
AAVE price rose 16% this week, opening a new positive cycle.
Moreover, the upcoming bullish crossover on the MACD indicator supports the up cycle. If the uptrend continues, the altcoin can recapture the $100 mark and challenge $150.
