The past week was one of two distinct halves for the AAVE price, which initially kicked off with a bearish downturn beneath the $300 mark. The DeFi coin has since shown strong signs of recovery, jumping to as high as $340 on Friday, January 31st.
Based on its latest price setup, the AAVE token looks set to be one of the best performers in the crypto market this February. However, a crypto analyst has clarified that it might not be a smooth sailing journey for the AAVE price over the next few months.
Here’s How AAVE Could Reach Its High In This Cycle
Prominent crypto trader Ali Martinez took to the X platform to share an exciting bullish projection for the price of AAVE. According to the pundit, the DeFi coin could be readying for an over 6,400% rally before the end of this current cycle.
This bullish prediction is based on the action of the AAVE’s price around a TD (Tom Demark) Sequential resistance trendline. The TD Sequential indicator is a tool used in technical ana
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