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Has AAVE Price Hit Overbought Levels After a 30% Weekly Surge?

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Summary
Nutrition label

66% Informative

AAVE price surged 9% during the U.S. trading session on Monday , climbing among the top gainers according to Coinmarketcap.

AAVE breakout from $ 153 resistance signals a potential rally of $ 200 next.

Overextension from the 20-and-50-day EMA and a 23% spike in the 30-day MVRV ratio signal a possible short-term pullback.

Whale wallets holding between 1 million to 10 million AAVE have been on a buying spree since early August 2024 , with their accumulation now reaching a total of $4.2 million .

VR Score

46

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33

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44

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formal

Language

English

Language complexity

41

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Time-value

short-lived

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