AAVE Nears $320 Resistance as SuperTrend Signals Bullish Breakout
AAVE’s SuperTrend buy signal points to a bullish trend. Price hit the buy zone at $160–$170 before rallies of 867% in 2020 and 551% in 2023. Today, AAVE nears the $320 resistance after recent highs of $311.45. Breaking above $320 could see targets at $340–$360. Key support stands at $260 and $240. Momentum indicators are bullish: RSI is at 59.7 and rising, while MACD shows a positive crossover. Volume has climbed to 43.7K, slightly above average. Traders should watch the $320 resistance level for a potential breakout or a pullback toward $280–$260. The AAVE SuperTrend buy signal suggests further upside momentum.
Bullish
The SuperTrend buy signal for AAVE has historically triggered substantial rallies (867% in 2020 and 551% in 2023). Current price action shows AAVE approaching a critical $320 resistance level, supported by bullish RSI and a MACD crossover. Rising volume further confirms renewed buying interest. If AAVE breaks above $320, short-term targets are $340–$360, mirroring past momentum bursts. Even if resistance holds, strong support at $260–$240 limits downside risk. These factors point to a bullish outlook in both the near term (breakout potential) and longer term (sustained momentum after resistance clearance).