Aave Price Prediction for May 21: Will the Rally Hold Above $265 or Is a Correction Coming?
The Aave price today is trading around $265 after an explosive rally that lifted the DeFi token from sub-$220 levels. The sharp move comes as Aave broke out of a multi-week downtrend structure, triggering a strong wave of buying momentum. However, technical indicators suggest that Aave price volatility is now expanding, and overbought conditions may be setting the stage for a near-term pullback.
What’s Happening with Aave’s Price?
After bottoming out near $215 on May 19, Aave price action reversed sharply, forming a breakout candle that surged past key resistance at $232 and $240. The move was backed by high volume, pushing AAVE as high as $270 before stalling. On the 4-hour chart, this breakout aligns with a bullish continuation from a rising trendline that had held since May 10
The rally also pushed the token far above the EMA 20/50/100/200 cluster, which currently sits between $195 and $235. This significant separation from the mean often leads to mean reversion, particularly when paired with stretched momentum signals.
Why Aave Price Going Up Today?
The post Aave Price Prediction for May 21: Will the Rally Hold Above $265 or Is a Correction Coming? appeared first on Coin Edition.
Read More
Ethereum ($ETH) Price Prediction for May 23: Bulls Eye $2,745 After Breakout Above $2,500
Hyperliquid (HYPE) Price Prediction for May 23: Bulls Aim to Sustain Momentum Above $30
Aave Price Prediction for May 21: Will the Rally Hold Above $265 or Is a Correction Coming?
The Aave price today is trading around $265 after an explosive rally that lifted the DeFi token from sub-$220 levels. The sharp move comes as Aave broke out of a multi-week downtrend structure, triggering a strong wave of buying momentum. However, technical indicators suggest that Aave price volatility is now expanding, and overbought conditions may be setting the stage for a near-term pullback.
What’s Happening with Aave’s Price?
After bottoming out near $215 on May 19, Aave price action reversed sharply, forming a breakout candle that surged past key resistance at $232 and $240. The move was backed by high volume, pushing AAVE as high as $270 before stalling. On the 4-hour chart, this breakout aligns with a bullish continuation from a rising trendline that had held since May 10
The rally also pushed the token far above the EMA 20/50/100/200 cluster, which currently sits between $195 and $235. This significant separation from the mean often leads to mean reversion, particularly when paired with stretched momentum signals.
Why Aave Price Going Up Today?
The post Aave Price Prediction for May 21: Will the Rally Hold Above $265 or Is a Correction Coming? appeared first on Coin Edition.
Read More
Ethereum ($ETH) Price Prediction for May 23: Bulls Eye $2,745 After Breakout Above $2,500