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🔍 AAVE Technical Overview

The current market setup looks quite promising. After a prolonged downtrend, $AAVE price is showing steady upward momentum. Several key indicators are aligning to suggest a potential continuation of the bullish trend. Let’s break down the technical signals:

1️⃣ Bollinger Bands (20, 2):

The price is currently testing the upper Bollinger Band, which typically signals either overbought conditions or strong bullish momentum. The bands are widening, indicating rising volatility and the potential for trend continuation.

2️⃣ MACD (12, 26, 9):

The MACD line is above both the signal line and the zero line — a classic bullish signal indicating increasing buying momentum.

3️⃣ RSI (14):

The Relative Strength Index is at 60.83, just below the overbought zone. This reflects healthy bullish momentum but also hints that a short-term pullback is possible.

4️⃣ Average Price (~173.59):

The current price is hovering around the average line, suggesting this level may act as a short-term resistance or support zone, depending on the next few candles.

📈 The overall technical setup favors a bullish bias in the short term. A confirmed breakout above recent highs could trigger further upside, while a rejection might bring a retest of the middle Bollinger Band (~154).

#AAVE #AltcoinSeason#