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AAVE Shows Strong Signals for Price Growth

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by Giorgi Kostiuk

6 hours ago

The prices of AAVE are starting to rise again, sparking interest among traders. A new signal from the SuperTrend indicator is causing discussion.

Growth Signals in AAVE Market

According to crypto analyst Ali Martinez, the SuperTrend indicator on the weekly chart has sent a new buy signal for AAVE. Similar signals were seen in 2020 and 2023, when AAVE's price exploded by hundreds of percent. Currently, AAVE is trading at $329, having gained over 7% for the week.

AAVE Chart Structure

The AAVE chart shows a steady increase since late 2022. Starting in early 2024, the price broke out of the range between $220 and $280 and is now testing the $330 area. This level has become support after several months of fluctuations.

Expectations and Analyst Forecasts

According to Ali Martinez, previous SuperTrend signals preceded significant price movements. Traders are actively watching for a potential move towards $400 and then to $500, although it is too early to assert anything definitive.

AAVE shows potential growth opportunities, and traders will closely monitor the developments in the market.

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