AAVE keeps struggling around the psychological milestone of $100 amid sideways movement.
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 undermined the bearish pattern.
AAVE price has risen 16% this week, opening a new positive cycle.
The impending bullish crossover of the MACD indicator supports the upward cycle. If the upward trend continues, the altcoin can recapture the $100 mark and challenge $105
