Price Analysis: AAVE bulls target $100

A bullish breakout above $80 will boost AAVE/USD, with a rally to $100 possible in the next few weeks Following a rebound over the weekend, the technical picture for AAVE suggests bulls are in control. As long as bulls hold above $70, the technical outlook for Aave price suggests a rally to highs last seen in August.

If bulls succeed in holding prices above $71, the chart shows that the 0.786 Fibonacci level provides the immediate resistance at $76 (yellow line), with the red line ($90) providing the next major hurdle. If bulls fail to keep prices above the $70 level, AAVE/USD could retrace to the S/R levels marked by the 0.618 and 0.5 Fibonacci levels ($65 and $57), respectively.

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