AAVE: Support Zone Eyes Uptrend Breakout
AAVE at $90.61 holds key support as MACD golden cross and neutral RSI point to confirmed breakout above EMA levels.
SourceAnalysis
AAVE tests the critical support area near $90.61 where Michaël van de Poppe sees potential confirmation of a trend shift from downtrend to uptrend if the level holds.
Traders monitoring AAVE price prediction models note that sustained defense here would validate the move above the moving averages after months of consolidation in the broader crypto market volatility.
Price sits below EMA50 at $91.51 and EMA200 at $91.77 yet the MACD registers a bullish golden cross at -0.34 while RSI at 51.39 stays neutral, indicating that a hold above the lower Bollinger support at $87.57 could drive a quick retest of upper band resistance at $91.68 before continuation.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast