Crypto analyst Michaël van de Poppe believes that AAVE's price has reached its lowest point and predicts that it could reach $450-$600 in the next 3-6 months. Currently, AAVE is trading at $248.96, showing a 1.69% increase in the past 24 hours and a 2.65% growth in the week's trading. To establish bullish momentum, AAVE needs to surpass the resistance between $473.13 to $546.54. The key support zone is between $113.51 to $72.40. The Relative Strength Index indicates that AAVE is oversold, but a reading above 50 would indicate a strengthening bullish momentum. MACD indicators show a bearish trend, but there is a potential for a bullish crossover. The technical development suggests short-term market recovery, and moderate buying interest is seen. AAVE futures open interest has decreased, indicating less trader activity. Funding rates indicate positive sentiment and an expectation of future price elevation. AAVE needs to surpass $300 for continued upward price trajectory. The upcoming CPI and PPI datasets may also impact AAVE's movement.



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