AAVE: Uptrend Confirmed Above 21-Day and 50-Day MA
AAVE at $101.12 holds bullish structure above EMAs with MACD golden cross, targeting $125-140 on 4h chart confluence.
SourceAnalysis
AAVE stands out among few assets displaying clear uptrends, resting above the 21-Day MA and 50-Day MA near $101 according to Michaël van de Poppe.
Price action on the 4h chart shows EMA50 at $95.21 serving as immediate support and EMA200 at $89.05 as deeper floor, with MACD at 1.71 locking in the golden cross. Trading inside Bollinger Bands between $87.81 and $102.89 while RSI sits at 67.01 points to a likely retracement toward the 50-EMA before continuation, aligning with AAVE price prediction targets of $125-140.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast