Will Aave’s Rally Hold? Predictions and Insights into Its Price Action

Aave (AAVE) is experiencing a surge, reaching heights above $265 after a significant price recovery from sub-$220 levels. This bullish run marks a departure from the multi-week downtrend that Aave faced. However, technical indicators suggest an increase in volatility for AAVE’s price. Overbought conditions may signal the possibility of a near-term correction, prompting market observers to question whether this rally will hold.