#AAVE price trend in the 4-hour chart showcases a rising wedge breakout rally. The price jumped 11.79% in the past 12 hours with three consecutive bullish candles.
Currently, the DeFi token is trading at $191.83, sustaining above the broken resistance trendline. As per the November price action, the AAVE price trend showcases a double-bottom reversal from the baseline of $152.
The recent recovery run has broken above the neckline at $174 for the third time, reflecting the increased volatility. Furthermore, the bullish recovery has surpassed the 50% Fibonacci level at $187.75.
