Crypto Express

06/11 04:35

Aave surges 30% in 4 days

Aave continued its uptrend after a 3-week range formation.

The token rallied 30% and counting after retesting the range low on the 6th of June.

Aave [AAVE] managed to break out of its short-term range formation. In an earlier report, it was noted that the steady buying pressure suggested a bullish outlook for Aave.

Soon after, the low of the range at $240 was tested, followed by a 30% rally over four days.

At the time of writing, AAVE was trading at $313. The $320 and $332 levels were imminent resistances to the altcoin.

A retracement toward $300 or the former range high at $280 could present a buying opportunity for swing traders.

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