AAVE/USDT Shows Strong Bullish Momentum, Up 7%
AAVE has shown impressive price action today, currently trading at $271.92, marking a 7.01% gain in the last 24 hours. The 15-minute candlestick chart on Binance indicates a clear uptrend, with the price pushing past the 7-period, 25-period, and 99-period moving averages, confirming strong bullish sentiment.
In the past 24 hours, AAVE has touched a high of $273.99 and a low of $253.12, demonstrating significant volatility and trading interest. The recent breakout above previous resistance levels suggests continued buying pressure, as confirmed by the surge in trading volume.
Technical indicators also look promising for the short term. The short-term moving average (MA7) at $270.94 is holding above the longer MAs, and the overall volume trend shows increased participation.
Traders should watch for a potential pullback to the $267–$270 range as possible support, while a breakout above $274 could open the door for a run toward new local highs.
With a 63.62% gain in the last 90 days and a remarkable 186.74% growth over the past year, AAVE continues to attract DeFi investors looking for strong momentum plays.
As always, traders are advised to manage risk carefully and stay updated on broader market trends.
