Can $AAVE break through the 78.60% Fibonacci resistance level, touch $128, and move further towards the $200 mark?
On-chain data continues to be optimized, and AAVE seems to be ready for a new round of rise. So, are you considering buying AAVE this week?
Currently, AAVE is trying to overcome the 78.60% Fibonacci resistance level of $128.89. It is currently trading at $127.34, with an intraday increase of 8.33%, showing signs of a breakthrough. To keep the uptrend strong, buyers need to ensure a close above $128.
AAVE’s on-chain data shows a significant increase in network activity. To support the strong bull momentum, AAVE’s transfer volume increased by 140.42%. In addition, in the past 24 hours, active addresses increased by 58.04%, and transaction volume also increased by 29.52%.
The surge in on-chain data further supports the bullish trend in AAVE price. These favorable conditions help extend the uptrend and increase the likelihood of a breakout run.
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