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The Aave price surged 25% in the last 24 hours to trade at $267.95 as of 1:12 a.m. EST, with trading volume jumping 62% to $803 million.
The surge in the AAVE price has pushed the crypto to the top of CoinMarketCap’s trending list.
Aave Price Set For A Continued Bullish Trend
The AAVE price is currently showing a strong bullish reversal, with an over 25% surge in the last day. This surge comes after a prolonged downtrend followed by a rounded bottom pattern, which is a bullish trend reversal.
The Aave price has now broken well above the 200 Simple Moving Average (SMA) on the 3-day chart, a critical long-term trend indicator, suggesting a shift in market sentiment from bearish to bullish.
The 50 SMA lies at $229.48, and the price of AAVE trading significantly above it indicates strong short-to-mid-term bullish momentum.
Meanwhile, AAVE is testing the 0.382 Fibonacci retracement level at $269.10, which is mostly watched as resistance after rallies happen, as GeckoTerminal data shows.
Moreover, the Relative Strength Index (RSI) is currently at 69.67, placing it just below the overbought threshold of 70. This reflects strong bullish momentum but suggests that AAVE is nearing a potential cooling-off point.
The MACD (Moving Average Convergence Divergence) also reinforces the bullish narrative. The blue MACD line is at 14.66, above the orange signal line at 6.95, and the histogram is clearly in positive territory, a crossover that signifies a bullish confirmation.
AAVE To Pullback Or Pump?
With the current momentum and technical structure, the AAVE price appears to be attempting a break above the $269.10 resistance (0.382 Fib level).
If the price of AAVE successfully closes above this zone, it could open the path toward the 0.236 Fibonacci level at $317.68. However, the momentum must persist, and broader market conditions need to remain supportive.
Considering the RSI nearing overbought levels, there may be a short-term pullback or consolidation around the $269 zone before the rally continues.
If the projected rally stalls, the $229.84 level (0.5 Fib and 50 SMA) will likely be the first major support.
In the meantime, investors are flocking to buy Best Wallet (BEST), which popular YouTube channel 99Bitcoins, with over 723K subscribers, says has the potential to soar 10X after launch.
Best Wallet Presale Charges Toward $13 Million
Best Wallet is quickly positioning itself as a major player in the crypto wallet market, already raising over $12.4 million in its presale.
What sets it apart isn’t just the functionality of its wallet, but the ecosystem being built around it.
Designed as a multi-chain, non-custodial solution, Best Wallet allows users to fully own and control their crypto assets without depending on centralized intermediaries.
The wallet supports over 60 blockchains and features a built-in DEX, presale aggregator, and crypto debit card.
Its native token, BEST, powers an ecosystem designed to simplify on-chain activities while minimizing security risks, making it a standout in the competitive crypto wallet space.
The Best Wallet Community is on fire right now! 🔥
We’ve hit a record high in participation across our community events and games, with loyal members snapping up top prizes and prestigious roles in our Discord. 🏆
🔹Over 1K participants weekly in our daily rumbles
🔹Over 300 in…— Best Wallet (@BestWalletHQ) May 12, 2025
Among Best Wallet’s many features, one is gaining outsized interest from investors. Its “Upcoming Tokens” section helps users discover promising projects still in the early stages.
The project’s success in identifying promising cryptos is already well established. It flagged Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that delivered massive gains for early investors.
Investors can also stake BEST tokens for a massive 116% annual return. Currently, BEST tokens are priced at $0.025055.
Those interested should buy before a price hike in about 35 hours.
Check out BEST on its official website.
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