Aave Price Prediction: AAVE Posts Best 24-Hour Performance With 9% Surge, But Experts Say This 2.0 PEPE Might Go Parabolic
The Aave price soared 9% in the last 24 hours to trade at $106.02 as of 00:47 a.m. EST on trading volume that skyrocketed 75% to $264 million. AAVE posted the best 24-hour performance compared to other top tokens, which indicates renewed interest in the DeFi platform. Strong protocol performance and new initiatives like Skyward and fee witch proposals are the main drivers of Aave’s recent growth. Aave Price To Could Continue Soaring Over Its Resistance The Aave price took a slight tumble from the $106 resistance to the $90 support, according to data from GeckoTerminal . The price then surged back to the $106 resistance, forming a rounding bottom pattern as the bulls aimed to push the price above the resistance. AAVE trades above both the 50-day and 200-day Simple Moving Averages (SMAs), indicating a sustained uptrend. Moreover, the Relative Strength Index (RSI) is soaring towards the overbought region, currently trading at 66, which shows intense buying pressure. The Movi...