Cryptocurrency News

DeFi token AAVE eyes 40% rally in May but ‘bull trap’ risks remain

04/20/2022

Less than a minute

2022.04.20 21:21

DeFi token AAVE eyes 40% rally in May but ‘bull trap’ risks remain

A sharp rebound move witnessed in the Aave (AAVE) market in the last three days has raised its potential to rise further in May, a technical indicator suggests.

Dubbed a “rising wedge,” the pattern appears when the price rises inside a range defined by two ascending, contracting trendlines. It typically resolves after the price breaks below the lower trendline with convincingly rising volumes.

04/20/2022

Less than a minute

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