AAVE is currently in a recovery phase, successfully breaching the crucial $80 psychological resistance marker to trade at $82.52 at the time of this writing, according to tracking from Coingecko. AAVE manages to move past the crucial $80 resistance marker The altcoin could be looking at a further push all the way up to $116 AAVE continues price pump despite Tron Founder’s massive withdrawal from the crypto’s protocol Over the last seven days, the cryptocurrency managed to tally a price increase of 15.4% as it also goes up by 8% on a month-to-date basis. The bearish momentum that plunged the crypto space into chaos for the past two months have pulled AAVE price into a falling wedge pattern. Related Reading: Elrond Coin Looks To Breach $55 Resistance – Is $65 Hittable This Month? Source: TradingView Under this, an asset’s price moves into a bullish trend before an immediate correction happens. There are two trendlines that are formed but the consolidation halts when price breaks through the upper trend. That movement signals bullish activity and by the looks of it, that’s where AAVE is headed for the next few days. AAVE Price Momentum And Analysis Over the last four days, AAVE managed to surge by 16.5%, staying true to the nature of its falling wedge pattern despite the crypto market dealing with erratic price movement. But, as the pattern also suggest, there could be a price lowering momentum for the digital asset as indicated ...
