CandleFocus

AAVE Price Nears 3-Year Highs Amid Bullish Sentiment

AAVE, the largest lending protocol in the cryptocurrency market, has seen its price surge by 220% this year and 110% in the last 30 days. The token's market cap of $5.5 billion is now higher than the combined market caps of all other top 10 lending protocols. Technical indicators, such as the Relative Strength Index (RSI) and the Chaikin Money Flow (CMF), suggest ongoing positive trends, although some signs of cooling momentum indicate potential consolidation ahead. Despite this, if buying momentum rebuilds, AAVE's price could continue its uptrend and potentially reach $400. However, if the current positive momentum wanes, the token may test support levels at $355, $297, or even $271.

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