AAVE: Bear Market Ends With Strong Surge Ahead

AAVE has ended its one-year bear market, according to Michaël van de Poppe, who expects no deep correction and instead a strong surge ahead.

Price action on the 4h chart shows AAVE trading at $92.25 inside the Bollinger Bands with upper resistance at $97.57. The EMA50 at $88.9 and EMA200 at $83.26 act as layered support while the MACD registers a bullish golden cross at 0.0 and RSI sits neutral at 58.76, pointing to continuation toward the upper band before any pullback to the 50-EMA.