At present, Aave (AAVE) is at its critical support level near $65.5, indicating the possibility of a bullish trend. Several technical indicators such as Exponential Moving Averages and Moving Averages suggest bullish sentiments in the crypto market. The Relative Strength Index (RSI) line has turned towards the bulls and the stochastic line has crossed above the median line. Furthermore, the 14 Simple Moving Average (SMA) is at 41.72 points.

The resistance for AAVE is at $80.00 and $70.00 with the immediate resistance at $70.00. However, the probability of a bullish reversal is weak due to multiple resistance levels. Despite the resistance, AAVE is making repeated attempts to break above the 200 EMA level which could signify a strong upside trend.

Overall, the analysis suggests that AAVE price could make a bullish recovery in the upcoming days. But, it is worth mentioning that investing in or trading crypto assets comes with a risk of financial loss, so caution must be taken when making trading decisions. It is important to assess the price charts and analyze technical indicators before investing in a brand like Aave, which can help in creating informed trading decisions.



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