AAVE: Analyst Flags Q4 Breakout Like 2024
AAVE at $163.69 holds bullish EMA structure as Michaël van de Poppe eyes Q4 surge toward $400 levels seen in late 2024.
SourceAnalysis
AAVE trades at $163.69 inside its Bollinger Bands with Michaël van de Poppe noting the token has only begun its real advance and could repeat the late-2024 build-up that delivered a sharp move to $400 in Q4.
Price sits above the EMA50 at $153.91 and the EMA200 at $135.99, confirming the longer-term bullish trend structure, while the neutral RSI(14) at 57.91 leaves room for continuation before overbought conditions appear. The MACD death cross at 3.09 signals short-term momentum caution, yet the market remains inside the bands with upper resistance at $175.21 and lower support at $142.42, suggesting any healthy pullback would likely find bids at the EMA50 before the next leg higher.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast