📈 AAVE Back at $150 – Where Is It Headed? 📉

$AAVE has shown tremendous growth over the past year (+122%), with an impressive 83% gain in the last quarter. However, recent volatility brought on by geopolitical tensions has led to a 9% dip this week, although the last 24 hours saw a slight rise.

AAVE’s growing institutional interest, especially with the Grayscale Aave Trust, signals strong confidence in the DeFi space.

But current technical indicators suggest caution. The RSI is neutral at 51, while both the SMA and EMA are slightly above the current price, suggesting stability. The MACD crossing below the signal indicates a bearish trend, and the Awesome Oscillator is showing signs of weakness.

With the long-term outlook still promising, how do you see AAVE performing in the short term?

#AAVE #Defi #Grayscale