👻 AAVE Shows Bullish Momentum – Is $150 Next?
$AAVE has been on a strong upward trend, gaining 44% in the past month and 157% over the past year. Currently trading around $140, AAVE is approaching its March highs, reflecting growing investor confidence.
📊 Technical Indicators:
👻 Market Cap: $2.05B, with trading volume up by 102% over the past 7 days and 278% over the last 30 days.
👻 RSI: Climbing from 49 to 57 in a week, indicating strong buying pressure, despite the broad cryptocurrency market being in fear.
👻 SMA & EMA: Showing positive trends, with the SMA rising from $121 to $128.
💡 Broader Implications
While Aave’s growth looks promising, external factors, such as economic data, Federal Reserve interest rate decisions, or political developments, can impact the market. Moreover, another DeFi coin, $UNI was recently fined by CFTC, showing regulatory risks for the sectors.
However, from the point of technical analysis, the strong growth in volume and market cap, alongside supportive technical indicators, points to a bullish outlook. 📈
