🔍 AAVE Technical Overview

The current outlook for $AAVE appears optimistic. Following an extended downtrend, and based on the WhiteBIT chart, the price is showing consistent upward momentum. Several technical indicators point toward a potential continuation of this bullish trend. Here’s a breakdown:

1️⃣ Bollinger Bands (20, 2):
AAVE is currently testing the upper Bollinger Band, typically a sign of increased buying strength or overbought conditions. The bands are expanding, signaling rising volatility and a potential trend continuation.

2️⃣ MACD (12, 26, 9):
The MACD line remains above both the signal and zero lines — a strong bullish signal indicating growing momentum.

3️⃣ RSI (14):
At 60.83, the RSI is approaching overbought territory, suggesting sustained bullish strength with the possibility of a short-term pause or correction.

4️⃣ Average Price (~173.59):
Price action is consolidating around the average level, which could act as a pivot — offering support or resistance depending on the next market move.

📈 Technical indicators currently support a bullish short-term outlook. A break above local highs could signal further upside potential, while a pullback might revisit support near the mid-Bollinger Band (~154).