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- AAVE has broken key resistance, targeting a 43.8% price rise toward $414.06 in the near future.
- An RSI above 50 shows strong buying pressure, signaling further growth if it stays above this level.
- MACD confirms a bullish trend with the line above the signal line, supporting AAVE’s rise toward $414.06.
AAVE is now rising after breaking through a key resistance point. Rose Premium Signals revealed that AAVE/USDT is expected to rise by 43.8% in the near future. The main target for AAVE is currently $414.06. The current growth suggests the start of another upswing after the recent market rise.
Source: X
The rise above the Fibonacci level of 0.618 indicates that the coin is doing well. With this technical improvement, AAVE is poised for greater prices in the future. Analysts suggest that this movement strengthens the possibility of the token going upward. The current situation could make this a good opportunity for investors to invest. During this bullish interval, any decrease might be a good point to buy AAVE, since it is expected to keep growing.
Based on the RSI, buying pressure remains stronger because its value is currently above 50. Prices may keep rising as long as the RSI remains above 50. Yet, if the reading goes below the level, it might be a sign of a slower pace. Traders are urged to keep an eye on the RSI for any big shifts.
AAVE MACD Shows Bullish Trend
The MACD also provides strong bullish evidence for AAVE. Currently, the MACD line is above the signal line which signals that momentum is moving higher. As a result of this setup, AAVE is most likely to continue increasing towards $414.06. If MACD is trending high, it often shows that the market likes bullish moves and AAVE is currently reflecting this too.
As of press time, AAVE is priced at $273.75 and its 24-hour trading volume is $565.33 million. The price rose by 5.69%, over the past 24 hours and by 21.25%, over the last 7 days.
The price of AAVE is carefully watched by retail and institutional investors as it goes higher. Clearing the Fibonacci resistance could show the start of an ongoing upswing. Now that AAVE is trending toward $414.06, traders will be looking for signs that confirm this trend.
AAVE is looking positive and could reach its target in the coming weeks. Support from the RSI and MACD indicates the bullish process is continuing, making this a good moment for AAVE investors. It’s important to stay updated and be able to change tactics when the market shows it might reverse its trend.
