AAVE prices are preparing for “high probability” as Justin Sun begins to collect the distinctive symbol
AAVE Price Action shows promising signs of potential upward collapse, according to technical analysis. This comes at a time when Justin Sun, the founder of Tron, started the accumulation of the distinctive symbol after months of lack of activity.
The ALI O X graphic analysis reveals a lower expansion pattern. This style is formed by a series of upper altitudes and low decline, creating clearly spaced trends in modern price movements.
The price has recently tested the upper resistance line and faced rejection, but it is particularly interesting is the subsequent partial decrease. When prices decline before reaching the low support line, it usually indicates twice the declining momentum. Historically, the partial decline within the lower pattern increases significantly to the possibility of an upward outbreak.
Notice Ali This current preparation prefers the continuation of the budget strongly, and puts signs of high possibility, due to this partial decline. If the momentum continues to build, AAVE may see great upward potential that exceeds the current resistance levels.
If the price succeeds in collapsing over the upper borders in the 230 to 240 dollars, this may lead to more bullish momentum, which may push towards the next resistance levels near $ 250 to $ 270.
Justin Sun begins the AAVE accumulation
A spot on series reports Justin Sun has begun to accumulate AAVE symbols. Four hours before the report, SUN 2500 AAVE received approximately $ 535,000 from the Multisig’s Poloniex portfolio.
This first activity related to Sun is important in nine months, which may indicate a renewed interest in the distinctive symbol of the influential encryption character.
Also read: DWF LABS moves millions in Fet Ai Tokens, where the analyst warns a decrease to $ 0.20
Sun, who founded you The Blockchain Dao -associated ecological system, including Stablecoin USDD, issued by TON DAO Reserve, has also received 250,000 om code at a value of $ 1.72 million in the same transaction.
Spot on Chain notes that this is the accumulation of the first OM of Sun, indicating the expansion of an investment strategy from the founder of TON. The timing of the Sun’s accumulation, along with the bullish technical style, may add more momentum to the potential AAVE movement.
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