🚀 Analysis and forecast for $AAVE : is it time to take profits? 📈
As of May 20, 2025, 08:08 EEST, the rate $AAVE on Binance is $268.26, with an impressive growth of 25% over the last 24 hours. The trading volume for the day exceeded $1.27B, and the market capitalization reached $4.12B, reflecting strong interest from investors. Such a jump may be linked to positive news in the DeFi sector and an increase in TVL (total value locked) on the Aave platform.
Technically, $AAVE demonstrates a strong bullish momentum. On the 4-hour chart, the price broke through resistance at $250 and is holding above the 50-day moving average ($235), which acts as support. The 200-day SMA ($220) confirms the long-term upward trend. However, the RSI (14) at 75 indicates overbought conditions, increasing the risk of a correction. The nearest resistance is $280, and support is at $260. A breakout above $280 could lead to a rise to $300, but a drop below $260 would increase pressure towards $245.
Forecast: in the short term (until the end of May), AAVE may correct to $245–$260 due to overbought conditions, but it will maintain growth potential to $350 by July 2025 with support from volumes and new integrations. The long-term target for 2026 is $500 if DeFi continues to gain popularity. The participation of major players like World Liberty Financial also supports optimism.
Is it time to exit? The current price of $268.26 seems overvalued after a 25% jump. It's advisable to take some profits, especially if the target of $280 is near. Set a stop-loss at $260 to protect against a correction. For long-term investors, it's worth holding the position with a target of $300. Keep an eye on news and volumes! #AAVE #Binance #CryptoAnalysis
