$AAVE 's recent 5.31% price surge, coupled with a trading range of $245.12 to $219.25, indicates a strong bullish sentiment in the current market uptrend. The Bollinger Bands confirm this strength, as AAVE hovers near the upper band, suggesting potential resistance at $245.12. With support intact at $216.8, volatility appears manageable, making a short-term trading strategy plausible amid macroeconomic concerns like inflation and uncertain regulatory developments. Although Bitcoin’s influence is currently undefined, traders should monitor its movements closely, as any correlation may shift market dynamics. The key takeaway: position yourself for short-term gains while remaining vigilant of broader market conditions that could disrupt this upward trajectory.
