Amidst short-term fluctuations, Aave shows promising signs for growth, with indicators hinting at an upcoming Golden Cros.
The long and short moving averages were providing support at around $99.86 and $97.67, respectively, suggesting a solid base for its price.
A golden cross, where the short-term moving average crosses above the long-term moving average, is typically seen as a strong bullish signal. While the indicators are predominantly bullish, with the RSI and MACD supporting the case for further upside, traders should be cautious of potential retracements.
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