- Aave Bulls have achieved modest profit in the last two weeks.
- Traders would have a purchase option in the case of an Aave dip to the level of $ 150.
Aave [AAVE] Witness to a slow but steady growth of the total value locked in the last few days. This implied an increased trust of investors and more capital deposited in Aave’s smart contracts.
The Aave team has reserved $ 50 million annually to buy back an Aave from the market, which can also help to strengthen the trust of investors.
On the back of this news, as well as the market -wide meeting of the past week, the Altcoin managed to climb over $ 150 resistance zone in the short term.
Aave Bulls are not yet out of the forest
Source: Aave/USDT on TradingView
Since registering the lows at $ 125 on April 9, Aave Bulls have driven a rally of 26.2% in two weeks. For comparison, Bitcoin [BTC] Was 22% risen in the same period.
It is also known that the Altcoin market in general follows the trends of BTC.
The token individually showed no remarkable power. The OBV had not made any new local highlights, which meant that the purchasing pressure was modest.
That is why investors and traders who hope for a continuing meeting will have to hope that buying volume will increase soon.
The RSI climbed above neutral 50 to indicate a bullish momentum shift on the chosen time frame. Without signs of accumulation, this momentum shift means little, because it can simply be a by-product of the BTC movement.
The level of $ 190 marked the most recent lower high of the downward trend in 2025, making it the target of this rally.
The 1 -month liquidation heating showed that the levels of $ 182 and $ 191 were the strongest magnetic zones above the market price. The liquidation levels here for an attractive target for Aave.
Closer to the price, the levels of $ 173 and $ 149 were also interesting regions.
Zooming in on the heat of 1 weeks, the $ 166, $ 159 and the $ 149 levels come forward as a short -term price objectives that could see a price reputation.
The instructions of the liquidation heat put together, in the coming days Aave will probably climb higher to $ 190. This level coincided with the lower high of the 1-day graph.
Along the way the $ 170 region could block the bulls. It can even force a retracement to $ 159 or $ 149. Such a price dip would probably offer a buy option.
Traders have the evidence to be bullish in the short term, but a breakthrough above $ 190 would require a persistent requirement that Aave does not have on the press.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer
