Bullish RSI Divergence Hints At Upcoming Recovery In AAVE Price

Despite recent volatility in the crypto market, the AAVE price continues to follow the falling wedge pattern. However, the altcoin is quite near the peak of this bullish pattern, indicating that the prices will soon offer a breakout opportunity. Thus, the trendline breakout will hint that the prior sentiment of selling on rallies has been shifted to buying on dips.
Key points:
- The wedge pattern breakout will set AAVE price recovery for a 55% rise.
- An evident bullish divergence in daily RSI slope bolsters the pattern completion
- The intraday trading volume in AAVE is $134.3 Million, indicating a 15% gain
Source- Tradingview
The AAVE technical chart shows a textbook example of a falling wedge pattern. The altcoin has been falling within two converging trendlines over the past two months and has registered a 38.8% loss from the $116 swing high.
In theory, even though this pattern leads prices in a downward correction, the coin price eventually witnessed a strong surge in inflow upon the breakout of the resistance trendline. Amid the uncertain market sentiment, the AAVE price spread has narrowed enough to be considered a no-trading zone.
Today, the altcoin showcased a 3% jump and currently trades at the $74.1% mark, the strong bullish retest of the overhead trendline with breakout intention. A potential breakout from this trendline will signal that the coin buyers are ready to wrest trend control.
A long entry opportunity will offer a potential upswing to the $116 mark if the price sustains the trendline breakout.
However, until the prices remain within this pattern, the coin holders could witness a longer downfall.
Technical indicator
Relative Strength Index: Contrary to the falling price, the daily-RSI slope rising higher bolsters the bullish theory. Moreover, a possible jump above the midline of 50% will accelerate the potential recovery.
EMAs: the downsloping EMAs accentuate a well-established downtrend in AAVE price. Moreover, these EMAs will act as additional barriers against buyers for possible recovery.
AAVE coin intraday price levels
- Spot price: $74
- Trend: Bullish
- Volatility: Medium
- Resistance: $74.4, $94.4
- Support levels: $70.5 and $63.4
- Just In: DeFi Dev Corp Launches Japan’s First Solana Treasury Company, SOL Price Reacts
- Pi Network Mainnet to Get Major Upgrade in Q4, Says Expert
- Bitwise Solana ETF to Launch This Week as It Amends Staking, Fees? Bloomberg Weighs In
- Canary Capital Trump Coin ETF Secures DTCC Listing as Expert Predicts Price Breakout
- Polymarket Founder Shayne Coplan Teases Potential POLY Token After $2B ICE Deal
- Bitcoin Price Prediction as US Govt. Shutdown Extends- What’s Next for BTC?
- Solana Price Megaphone Points to a Parabolic Move as SOL Treasuries Near $3B
- XRP Price Prediction Amid ETF Approval Roadblock as Analyst Warns of $2.72 Dip
- Binance Coin Price Prediction If It Surpasses Bitcoin Marketcap— Is $3000 Possible in 2025?
- ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?
- Ethereum Price Could Soar to $6,500 as BlackRock’s ETF Nears $20B Milestone