Aave has aascfinishd as the top achieveer in the cryptocurrency taget adhereing a extraunretagable comeback that began three days ago amid taget uncertainty.
Aave (AAVE) sign uped a keen 11% spropose over the past 24 hours. Folloprosperg its astonishive run, Aave peaked at $160 earlier this morning for the first time since the Terra collapse in May 2022.
While the asset has faced resistance at this psychoreasoned level, it sees to persist the $150 price point. Despite this contest, Aave is currently trading at $149, having persisted a 19% incrrelieve since Sept. 8, further boasting a 67% spropose over the past month.
Notably, amid this uptrend, the asset’s +DI indicator has spiked to 30.54, validateing strong upward momentum despite the wideer taget uncertainty. Meanwhile, the -DI has dropped to 11.33 as selling presconfident shrinks.
Additionassociate, the Average Directional Index (ADX) has ascfinishn to 24.6, echoing the lengthening strength from the upward push. These propose that Aave’s current upward trajectory is strong, but traders should watch for potential fluctuations.
Aave’s pivot points show a resistance (R1) level at $145.95, which Aave has already surpassed. The next levels at $163.09 and $190.83 recurrent vital upside concentrates if the bullish trend persists.
On the downside, Aave has prompt help at $118.21 (Pivot), adhereed by the next help level at $90.47. These levels could supply potential cushions in case of a pullback.
Pseudonymous crypto taget analyst Saint Pump apexhibits Aave’s price action is echoive of a two-year accumulation phase and foresees the asset to carry out well in the midterm.
However, he alerts aachievest jumping into trades at the daily highs due to the asset’s ilwatery order book and volatile intraday shiftments. He proposes potential buyers to postpone for a price rightion before accessing the taget.
