The overall market sentiment in the cryptocurrency market is recovering after a recent price decline. Aave (AAVE) is showing bullish signs and is expected to experience a double-digit price gain. Technical analysis suggests that AAVE is forming a bullish double-bottom pattern, and if it holds above the second bottom, it could surge by 25% to reach $375 in the future. The Relative Strength Index (RSI) indicates rising buying pressure and the potential for a significant price increase. On-chain analytics firms have reported a large outflow of AAVE tokens from exchanges, potentially indicating accumulation by long-term holders. Intraday trader participation has also increased, as seen through a rise in open interest. The majority of traders' positions are on the long side, reflecting bullish sentiment. AAVE is currently trading at around $317 with a 10% price surge in the past 24 hours and increased trading volume.



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