AAVE has presented two significantly bullish trends.
However, the altcoin may not be poised for an uptrend just yet.
In a recent post on X (formerly Twitter), on-chain analytics firm Santiment said that the price of Aave [AAVE] might not reflect the overall downward trend that prevailed across the broader cryptocurrency market.
#Aave has some #bullish divergences forming as it has stayed around the middle of the pack among other #altcoins. The 50th ranked market cap asset has the most coins held by the top 150 wallets in 5 months, and RSI has entered a bounce zone. https://t.co/NmRrlQRrpx pic.twitter.com/M65PEli3Uu
— Santiment (@santimentfeed) December 12, 2023
The data provider stated that the altcoin had shown two important bullish divergences, indicating underlying support for the asset.
What are the bullish trends?
Santiment found that, at press time, the top 150 wallets in the crypto market held the most AAVE tokens in the last five months. As of this writing, these wallets
We współpracy z: https://ambcrypto.com/aave-is-a-rally-on-the-cards/
