According to Michaël van de Poppe, the recent market correction has positioned older cryptocurrencies like AAVE ($AAVE) for potential growth. On January 10, 2025, AAVE's price was recorded at $70.50, reflecting an increase of 5% from the previous day's low of $67.20. This upward movement comes after a broader market correction where AAVE saw a decline from its recent high of $85.00 on January 7, 2025. During this correction, trading volumes spiked, indicating significant investor activity. According to data from CoinMarketCap, the 24-hour trading volume for AAVE on January 10 was $450 million, up from $390 million on January 9.

The implications of this correction for AAVE are noteworthy. The increased trading volume suggests renewed interest from traders looking to capitalize on the price dip. Historical data indicates that similar market corrections have often preceded significant price rallies in AAVE, making this an attractive entry point for traders. For instance, after a similar correction in November 2024, AAVE surged by 20% over the following two weeks. The source suggests that the current market sentiment is cautiously optimistic, with many traders eyeing the $75.00 resistance level as a critical marker for a potential bullish trend.

Technical indicators further support the potential for an upward trend in AAVE. The Relative Strength Index (RSI) on AAVE's daily chart was at 45 on January 10, 2025, suggesting that the cryptocurrency is approaching oversold territory, which could indicate a forthcoming price increase. Additionally, the Moving Average Convergence Divergence (MACD) shows signs of a bullish crossover. The MACD line crossed above the signal line, historically an indicator of potential upward momentum. Market depth analysis reveals strong buy walls at the $68.00 level, suggesting robust support and potential for further price recovery. These technical factors, combined with increased trading volumes, position AAVE as a coin to watch in the coming days.