When can traders expect the price of AAVE around $100?
On the hourly chart, the rate of AAVE has made a false breakout of the recently formed support level at $78.67. If the price remains above the $80 zone until the end of the day, one can expect a test of the resistance at $82.81 soon.
Despite the false breakout, the price of AAVE has not fallen, which means that bulls are not giving up so easily. If the daily bar closes near the $81.50 mark, traders may see a breakout followed by a continued rise to the $90 area next week.On the weekly time frame, the rate of AAVE is on the way to the $90 mark. If buyers can reach it and fix the price above, the accumulated energy may be enough for a continued midterm bull run to the $100-$120 zone.
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