AAVE Price Analysis: Double Bottom Pattern May Lead AAVE Price to $200

A bullish breakout from the downtrend carrying trendline suggests a positive switch in traders' sentiment. Additionally, the AAVE price forming a double bottom pattern to the retest of this breached trendline gives an extra push for a bullish reversal.

Timeline of Aave

AAVE's price seemed to be forming a base around a stable support level, at press time, hinting that an uptrend is likely for the altcoin. In fact, the day opened extremely bullish for the crypto as AAVE founder and CEO Stani Kulechov tweeted an interested tweet.

Aave price analysis is bullish AAVE prices are facing resistance at the $175.0 level Support for Aave prices is present at the $155.88 Aave price analysis for today shows a bullish trend whereby the prices opened the daily trading session trading below the $170.70 level. The market is facing resistance at the $175.0.