The recent AVE price action demonstrates a remarkable force, climbing another 3.8% in the last 24 -hour period and now rose 25% since Monday.
The Token broke the key resistance at $ 311.50 with an exceptional volume, which suggests potential to continue the ascending movement.
This technical rupture was supported by significant fundamental developments in the Decentralized Finance Space (DEFI). The United States Stock Exchange and Securities Commission celebrated a round table on the sector with participating key figures on Monday. There, the president of the SEC, Atkins, suggested exploring regulatory exemptions for defi companies, which stimulates optimism for the future of Defi.
Market analysts remain optimistic about AAVE’s long -term potential, with some adjustment objectives of up to $ 1,000 per Token, although such predictions must be addressed with caution. The strong foundations of the platform and the increase in the adoption of positioning as a significant player in the evolutionary defi panorama.
Technical analysis
- AAVE established a high volume significant support zone around $ 302.35-302.52, while brokeing the resistance at the level of $ 311.50 during the 12:00 UTC hours with an exceptional volume (179,461 units) that exceeded the average of 24 hours in more than 140%.
- The general range of 20.37 points (6.73%) highlights greater volatility, with a price action forming an ascending channel pattern and finding impulse after consolidating between $ 305-310 for several hours.
- A descending channel pattern was formed after the sale of 13:30 that saw an increase in volume to more than 6,100 units at 13:32, with the correction search support about $ 312.00, which represents a fibonacci setback from 38.2% of the previous movement.
- The consolidated price between $ 312.00-312.60 in the last 15 minutes to reduce the volume, which suggests a potential stabilization before the next directional movement.
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