$AAVE

$AAVE

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Aave's current trading price is around £153, technical indicators point to consolidation and potential gains, with a market cap of £22.4 trillion and a circulating supply of 14.96 million AAVE, total supply of 16 million

The current trading price of Aave is approximately £153, and the price of AAVE shows signs of potential breakout. The Bollinger Bands are tightening, with the upper band at £164.65 and the lower band at £138.93, indicating an upcoming price movement.

RSI is at a neutral 50.28, suggesting neither overbought nor oversold, but if demand increases, it leaves room for bullish momentum.

Upward momentum may allow Aave to break through the direct resistance level of £155 and potentially further test the levels of £165 and £179, thus strengthening the bullish case. A sustained breakout above £165 could confirm an uptrend, encouraging more traders to enter long positions.

However, if Aave falls below the direct support level of £147, it may test the next support level at £136, near the lower Bollinger Band. A breakout here could bring more downward pressure, but strong buying volume at this level may support a rebound.

In summary, we focus on:
Resistance above: £155, £165, £179
Support below: £147, £136, £120

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