AAVE Not Slowing Down After 32% Surge: Bullish Run Could Continue for Weeks as Analyst Targets This Price
According to prominent analyst Rekt Capital, AAVE has staged a decisive breakout over the past couple of weeks, surging 32% since confirming a bullish trend change. In an analysis, Rekt points to a textbook re-accumulation pattern preceding the vertical move, suggesting further upside continuation lies ahead.
As seen on his chart, AAVE recently concluded a multi-month consolidation or “Re-Accumulation” period, finding a price floor to build support. This prepared the asset for a forceful push upwards once resolved.
A few weeks ago, AAVE finally breached resistance at $85 and swiftly retested the level to confirm it as a new floor. Recommencing its ascent, the price has since tapped $111 as of Rekt’s analysis, matching the projected path perfectly so far. With momentum churning, he expects this bullish impulse to potentially last for weeks.
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Show more +Fellow analyst Bluntz shares the constructive outlook, highlighting bullish signs of his own hinting AAVE has plenty of room to extend higher. In a recent tweet, he forecasts a move to $200 as fair value, representing nearly 80% upside from the breakout point.
In later comments as AAVE reclaimed $100, Bluntz reiterated conviction this uptrend is still getting started: “And thats a breakout. Excited for the next couple weeks on this one.”
Between reclaiming its uptrend, favorable chart patterns, and reawakening interest in the DeFi sector at large, AAVE exhibits multiple tailwinds supporting prolonged advancement. Analysts advise maintaining exposure to ride out what could at least develop into a rally matching recent percentage gains in the weeks ahead.
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