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AAVE rose by more than 21.20 percent in the previous 24hrs, and it is currently trading at about $312.09.
The average daily volume of trading rose by 212 percent to the record of 811 million in value.
MACD crossover, CMF 0.41 and BBP 64.99 have strong bullish sentiments.
RSI of 86.33 indicates an overbought state, which is an indication that a pullback might be on its way.
The resistance is at $316.56 and $320, whereas the support is at 309.74 and 305.
The crypto market in general is growing 2.77 percent, with Bitcoin and Ethereum reaching new highs.
The bullish momentum has sent the AAVE Price shooting high.
The price of AAVE is in a sharp rally of 21.20% with a price of $312.09 as at the time of writing.
After opening such lows of the day at the level of $259.02, enormous bullish pressure pushed it to the intraday high of $314.78, which broke several resistance levels between the low level of $260.12 and the level of high of $313.90.

This gain in prices makes AAVE one of the most performing altcoins in the market.
The interest and participation in the market are indicated by an astounding 212 percent rise in the trading volume to 811 million.

The signal line is crossed over with MACD Line in a typical bullish crossover.
The value of Chaikin Money Flow (CMF) is at 0.41, meaning that there is a solid capital inflow.
Bull Bear Power (BBP) stands at 64.99, adding strength to bulls.

The Relative Strength Index (RSI) takes a premium figure of 86.33 and is now definitely overbought.
This already shows a possibility of a short-term recuperation, particularly in case the bulls begin to slow down.

$316.56: A breach of it to an upside would likely signify the continuation of bullish forces.
$320.00: A psychological barrier, the technical ceiling.

The first line of defense when bears are in charge: $309.74.
$305.00: Below this might be dangerous, and more fall can result into stiffer correction.
The current uptrend might form a bearish golden cross, but in case this trend is reversed, a death cross could strengthen the sell-offs on the downside.

The vast crypto market is exhibiting a positive trend with the total growth of 2.77 percent.
Larger coins such as Bitcoin (BTC) and Ethereum (ETH) have increased as well, leading to a better tone overall.

The AAVE price has a strong upside to it but care should be observed.
Such indicators of too much buying as RSI are frequently a precursor to a correction, and the trader should watch carefully what happens when the price nears resistance levels.
In case the bullish momentum breaks, obvious support is around the range of $305–309.

The recent bullishment of AAVE is supported by strong technical signals, high level of volume and the feeling of the market in general.
Nevertheless, there are indications of over reaching and short-term correction could be in offing.
The more bulls retain power, the more AAVE will break through the $320 mark, otherwise, the pressure is showing the other way.
It is important that traders and investors remain watchful, employ risk management practices as well as monitor technical levels.

AAVE Price Surges 21% – Bullish Momentum or Imminent Pullback?