AAVE Price Action Analysis:

A popular analyst, CryptoBull, highlighted that $AAVE is recovering from a descending triangle pattern and approaching a key horizontal resistance zone. According to CoinMarketCap, AAVE price has increased by 5.04% in the past 24 hours to $152.27, with trading volume surging by 49.83%, indicating active trading activity.

However, CryptoBull highlighted that a strong candle closing above this resistance is crucial to sustaining the uptrend. This technical formation is making investors consider the possibility of an upcoming price breakout of AAVE.

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