AAVE Price Prediction: AAVE Poised to Rally by 7% as Bulls Regain Control, Here's Why

price surged by 7.22% in the last 24 hours while its trading volume nearly doubled to $220 million, a 93.26% increase, signaling high buyer and seller interaction.

AAVE price surged by 7.22% in the last 24 hours, while its trading volume nearly doubled to reach $220 million, marking a 93.26% increase. This activity suggests a high level of interaction between buyers and sellers.

The recent rally brought AAVE to a trading price of $104.73, and the token is likely to continue its upward trajectory in the near term. Here’s why AMBCrypto believes further rises are on the horizon.

AAVE is primed for a strong price increase in the coming days, as suggested by the moving average convergence and divergence (MACD) indicator.

This scenario is currently playing out with AAVE, as its MACD line has crossed above its signal line, indicating that the bulls are preparing to push the price up further.

The rally could soon propel AAVE to the resistance level at $111.86.

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