Aave (AAVE) price surged 25% to trade at $267.95 as of 1:12 a.m. EST

The AAVE price is currently showing a strong bullish reversal, with an over 25% surge in the last day. This surge comes after a prolonged downtrend followed by a rounded bottom pattern

The Aave price surged 25% in the last 24 hours to trade at $267.95 as of 1:12 a.m. EST, with trading volume jumping 62% to $803 million.

The surge in the AAVE price has pushed the crypto to the top of CoinMarketCap’s trending list.

Aave Price Set For A Continued Bullish Trend

The AAVE price is currently showing a strong bullish reversal, with an over 25% surge in the last day. This surge comes after a prolonged downtrend followed by a rounded bottom pattern, which is a bullish trend reversal.

The Aave price has now broken well above the 200 Simple Moving Average (SMA) on the 3-day chart, a critical long-term trend indicator, suggesting a shift in market sentiment from bearish to bullish.

The 50 SMA lies at $229.48, and the price of AAVE trading significantly above it indicates strong short-to-mid-term bullish momentum.

The price of AAVE is testing the 0.382 Fibonacci retracement level at $269.10, which is mostly watched as resistance after rallies happen, as GeckoTerminal data shows.

Moreover, the Relative Strength Index (RSI) is currently at 69.67, placing it just below the overbought threshold of 70. This reflects strong bullish momentum but suggests that AAVE is nearing a potential cooling-off point.

The MACD (Moving Average Convergence Divergence) also reinforces the bullish narrative. The blue MACD line is at 14.66, above the orange signal line at 6.95, and the histogram is clearly in positive territory, a crossover that signifies a bullish confirmation.

AAVE To Pullback Or Pump?

With the current momentum and technical structure, the AAVE price appears to be attempting a break above the $269.10 resistance (0.382 Fib level).

If the price of AAVE successfully closes above this zone, it could open the path toward the 0.236 Fibonacci level at $317.68. However, the momentum must persist, and broader market conditions need to remain supportive.

Considering the RSI nearing overbought levels, there may be a short-term pullback or consolidation around the $269 zone before the rally continues.

If the projected rally stalls, the $229.84 level (0.5 Fib and 50 SMA) will likely be the first major support.

In the meantime, investors are flocking to buy Best Wallet (BEST), which popular YouTube channel 99Bitcoins, with over 723K subscribers, says has the potential to soar 10X after launch.

Best Wallet Presale Charges Toward $13 Million

Best Wallet is quickly positioning itself as a major player in the crypto wallet market, already raising over $12.4 million in its presale.

Designed as a multi-chain, non-custodial solution, Best Wallet allows users to fully own and control their crypto assets without depending on centralized intermediaries. The wallet supports over 60 blockchains and features a built-in DEX, presale aggregator, and crypto debit card. Its native token, BEST, powers an ecosystem designed to simplify on-chain activities while minimizing security risks, making it a standout in the competitive crypto wallet space.

The post Aave Price Surges 25% As It Tests Key Fib Level, Best Wallet Presale Hits $12.4 Million appeared first on Benzinga.