AAVE Price Gains 110% in 30 Days But Momentum Begins to Fade | Airdrop Alert Pro

ghost The price continues to soar, solidifying its position as the largest lending protocol in the cryptocurrency space, with a market capitalization of $5.5 billion, more than all other top ten lending protocols combined.

The coin is up 220% this year and 110% over the past 30 days, driven by strong bullish momentum and growing market interest. Technical indicators such as relative strength index and CMF highlighted continued positive trends, although some signs of cooling momentum pointed to possible consolidation ahead.

AAVE RSI is neutral after almost reaching overbought territory

ghost The relative strength index (RSI) currently stands at 59.2, down from 69.19 on December 23, when its price peaked at $382. A decline in the RSI indicates AAVE price It has moved out of overbought territory, where buying pressure typically builds before price corrects.

While the current RSI still reflects relatively strong momentum, the pullback suggests the market may be stabilizing after a period of intense buying activity.

RSI is a momentum indicator that measures the speed and magnitude of price changes on a scale of 0 to 100. Values ​​above 70 indicate overbought conditions, suggesting a correction is possible, while values ​​below 30 indicate oversold conditions, typically preceding a rebound.

and ghost With an RSI of 59.2, the coin remains in neutral to bullish territory, indicating that the uptrend may continue in the short term if buying momentum is reestablished. However, the decline from overbought levels also suggests that AAVE price may consolidate, allowing the market to absorb recent gains before deciding its next direction.

AAVE CMF remains very bullish but down from recent peaks

AAVE’s Chaikin Money Flow (CMF) currently stands at 0.17, having maintained a positive trend since peaking at 0.27 on December 23. This shows ghost Funds continued to flow in, reflecting strong buying pressure in the market.

Although the CMF has retreated from its recent peak, the positive value suggests that buyers are still in control, albeit at slightly reduced intensity.

CMF is a volume-weighted indicator that measures the accumulation or distribution of assets over a specific period and ranges from -1 to +1. Positive CMF values ​​indicate accumulation and buying pressure, while negative values ​​indicate distributions and selling pressure.

and ghost With a CMF of 0.17, continued positive inflows suggest that the coin is likely to maintain current price levels or even rise further in the short term if buying activity persists. However, the decline from the December 23 peak suggests momentum may be cooling down, potentially leading to a period of consolidation before any decisive moves are made.

AAVE Price Forecast: Can AAVE Rise to 3-Year Highs?

If the current positive momentum continues, AAVE price A test of $400 is possible, an important level that will mark the highest price from 2021. The coin only needs to rise 7.5% to reach this milestone, supported by a golden cross pattern on December 23 and an EMA line indicating that the uptrend may continue.

This consistency in technical indicators suggests that bullish sentiment remains strong and buyers may push prices higher if the trend remains stable.

However, as highlighted by the CMF, the strength of the uptrend has weakened compared to a few days ago, suggesting a possible trend reversal. If the AAVE price uptrend loses momentum, the price may decline to test the $355 support.

If this support fails, ghost Further declines are possible, with potential targets at $297 or even $271, reflecting a major correction.