The post AAVE Set for 25% Rally, Traders Eye $375 appeared first on Coinpedia Fintech News
After experiencing a notable price decline in the past few days, the overall market sentiment seems to be recovering. Amid this market recovery, Aave (AAVE) appears bullish and is poised for a double-digit price gain, reflecting its recent price action observed on the daily time frame.
AAVE Technical Analysis and Upcoming Levels
According to expert technical analysis, AAVE is forming a bullish double-bottom pattern. However, the pattern is not yet complete. It is gaining support from investors, has successfully formed the second bottom, and has begun building upside momentum.
Source: Trading View
Based on recent price action, if AAVE holds above the second bottom, it could surge by 25% to reach the neckline at $375 in the future.
On the positive side, AAVE’s Relative Strength Index (RSI) stands at 52, indicating rising buying pressure and a strong possibility that the price could s
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