Why is AAVE Price Pumping?
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 06 2024AAVE's Price Surge: AAVE has experienced a significant price increase of 22.16% in the past day, driven by a technical breakout forming a bullish pennant pattern, which suggests potential for further upward movement.
Market Momentum and Projections: The surge in trading volume by 201.52% indicates strong market interest, with analysts projecting a short-term price target of $210-$215, and a possibility of doubling its value if the bullish trend continues.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
