📈Aave's Technical Analysis: Is correction on the horizon?📈
$AAVE has surged 27.65% this week, with a massive 339% increase in trading volume over the past month. The Relative Strength Index (RSI) is now at 66, close to overbought territory, and $AAVE is nearing its upper Bollinger Band.
Both the Simple Moving Average (SMA) and Exponential Moving Average (EMA) are trending upwards, reflecting strong price action. Meanwhile, Aave’s market cap has grown by 20.51% this month, showing increased investor confidence.
However, with the RSI rising rapidly and the price nearing the upper Bollinger Band, a correction could be on the horizon. It’s essential to stay cautious and consider all factors before making any moves.
What do you think? Will Aave’s momentum continue, or are we due for a pullback? 👻
