- AAVE is trading at $270.42, up nearly 10% from its recent low of $244.40
- The price has reclaimed both the 9 EMA and 9 TEMA, signaling short-term bullish momentum
- RSI at 62.52 and a bullish MACD crossover indicate growing buying pressure
- A breakout above $280 could open the path toward the $300–$320 range
AAVE, one of the leading DeFi tokens in the crypto market, is showing renewed signs of strength as it inches closer to a key breakout level. At the time of writing, AAVE is trading at $270.42, up nearly 10% from its recent swing low of $244.40.
Market indicators suggest that bulls are gaining control, and a sustained breakout could see AAVE climb toward the $300–$320 range in the coming weeks.
AAVE Technical Indicators Signal a Bullish Trend
On the 4-hour chart, AAVE has successfully reclaimed both the 9-period Exponential Moving Average (EMA) at $262.58 and the 9-period Triple Exponential Moving Average (TEMA) at $269.58. These indicators are often used to confirm short-term momentum. A price move above these levels typically signals the beginning of a bullish phase.
The Bollinger Bands are tightening, with the upper band currently at $269.72. The token’s current price is flirting with this resistance zone, indicating that the asset is pushing against the upper limit of its volatility range. A breakout above this band could lead to an explosive move to the upside.
The Relative Strength Index (RSI) is sitting at 62.52, signaling growing buying pressure without yet entering the overbought zone. This level leaves room for further upside before traders might expect a cooldown. A move above 70 could confirm that AAVE is entering an overextended bullish trend.
Meanwhile, the MACD (Moving Average Convergence Divergence) is also flashing a bullish signal. The MACD line has just crossed above the signal line, with values at 5.15 and 4.32 respectively. Additionally, the histogram has flipped to green, showing increasing momentum in favor of the bulls.
If AAVE can maintain its position above the $270 level and push past the $280 resistance, the next significant target lies around $300–$320. Should market momentum persist, some projections place a longer-term price target for AAVE near the $400 zone.
With bullish technical indicators, improving market sentiment, and price action pressing against key resistance levels, AAVE appears poised for a breakout. Traders and investors should keep an eye on the $270–$280 range for confirmation. A decisive move above this level could mark the beginning of a stronger rally toward $300 and beyond.
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