Aave (AAVEUSD) Suggests a Potential Buy Signal

Aave (AAVEUSD) Price Forecast: May 22

Aave is positive again today. The coin is gaining traction to the upside, suggesting a buy signal as it highlights bullish conviction. The crypto looks good to buy at its recent daily candle at $267.85 as it faces high bullish pressure. Should the bulls increase their pressure, the resistance level of $267.85 may not hold, and it may extend to a $400.18 peak barrier level and beyond, signaling a robust bullish trend and a potential for significant gains.

Key Levels:
Resistance Levels: $265.00 $266.00, $267.00
Support Levels: $160.00, $159.00, $158.00

AAVE (USD) Long-term Trend: Bullish (4H Chart)

The Aave price suggests a potential buy signal as it remains firm above the supply levels in its higher time frame. This looks nice for the buy trader and signifies a buy signal.
The cryptocurrency price has been above the supply trend levels since its most recent high due to the persistent bullish pressure over the last few days.

With sustained buying, the AAVEUSD price suggests a potential buy signal as it challenged another resistance zone of $267.85 above the moving averages, indicating buyers’ attempt to prolong the bullish rally.

Additional efforts by the bulls to retest the $308.60 previous swing high would invalidate any further bearish thesis.

Next, the underlying sentiment suggests an uptrend continuation in the coming days as indicated by the daily stochastic. Therefore, buyers might surge the Aave price to a significant level and in this case, the target might be the $400.00 supply level soon, as it suggests a potential buy signal in the higher time frame.

AAVE (USD) Medium-term Trend: Bullish (1H Chart)

The Aave prices are above the moving averages, suggesting a potential buy signal in its medium-term outlook.
The pair is in a smooth uptrend as seen from the chart below, and has confirmed a bullish momentum, breaking its previous high.

Pressure from the bulls at the $229.59 high value in the previous action has enabled the coin price to suggest a potential buy signal and sustain the upward stability in its recent high.

Today, the AAVEUSD price suggests a potential buy signal as it rises to a $267.20 supply level above the moving averages, as the 4-hourly chart begins due to a high bullish impact on the market price.

Hence, the Aave market is showing more upside potential on the technical indicator, pointing upwards. More gains and strength are expected from the crypto market. As a result, the pair may surge to reach the $400.00 upper resistance level in the days ahead in its medium-term time frame.

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