🔴$AAVE TO Rise More 🔴

AAVE has shown strength since breaking out of a descending channel pattern two weeks ago. After a successful retest, the price has been rising steadily and is now breaking out of a zone at $112. A break above this level could push the price to around $130. The RSI is at 69, indicating an overbought level soon,

which typically leads to retracement.

The 50-day SMA is below the price, potentially serving as support during retracements, along with the 100-day and 200-day SMAs. According to altFINS, Aave’s price is in an uptrend, forming higher highs and lows. The price broke above the $105 resistance and the 200-day moving average at $100, initiating a 15% upside move that could reach $120. While short-term and medium-term trends are up, the long-term trend remains bearish.

Nearest support levels are $90 and $80, with resistance at $118.

#BTC☀ #BinanceTurns7 #Alert🔴 #Babylon_Mainnet_Launch
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