renzd octanz
@renzdoctanz
The daily chart of Aave (AAVE) shows a MACD golden cross, coinciding with increased platform lending activity. This technical and fundamental alignment suggests AAVE may be poised for an uptrend. The golden cross indicates bullish momentum, while rising lending activity reflects growing user engagement, potentially driving demand. Key resistance levels to watch include $175 and $180, where selling pressure may emerge. Additionally, monitor lending rates—rising rates could attract more lenders, further supporting price growth, while stable or declining rates might signal caution. A break above $184.92 with strong volume could confirm a trend reversal. However, traders should remain vigilant, as false signals are possible without sustained momentum and broader market support. Combining these factors will provide clearer insight into AAVE’s potential rally.
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