<em><strong>AAVE technical analysis displays a potentially bullish pattern ready to reclaim the $100 mark and break above the $115 supply zone. </strong></em>

AAVE shows a bullish reversal from the $75 mark to project the possibility of an inverted head and shoulder pattern forming in the daily chart. Moreover, the bounce back from $75 beats the 50-day EMA and may shortly reclaim the $100 mark. The bullish breakout rally can reach the $150 mark accounting for a 30% but a 66% jump from the current market price. So, should you consider buying this token for under $100?
<h3>Key Points:</h3>
<ul>
 	<li>The coin price trend sustains above the 50-day EMA.</li>
 	<li>However, the market price faces higher price rejection from the 100-day EMA.</li>
 	<li>The intraday <a href="https://www.cryptoknowmics.com/news/why-trading-volume-matters-in-crypto-investment/" target="_blank" rel="noopener">trading volume</a> in AAVE is $130 million.</li>
</ul>
<img class="alignnone" src="https://s3.tradingview.com/snapshots/x/XdX5RA80.png" alt="AAVE/USD Price Chart" width="1834" height="899" />

Source - <a href="https://www.tradingview.com/x/XdX5RA80/" target="_blank" rel="nofollow noopener">TradingView</a>
<h2>AAVE Technical Analysis</h2>
The AAVE price shows a bullish reversal from the $75 support level resulting in a 15% jump last week to surpass the 50-day EMA. The reversal rally projects a potential uptrend to the overhead resistance at $115 if it breaks above the psychological mark of $100.

Furthermore, the price action displays the possibility of an inverted head and shoulder pattern with a neckline at the $115 supply zone. However, the ongoing reversal rally from the $75 mark must reach the supply zone at $115 to complete this bullish pattern.

Currently, the price action displays a long walk forming within the daily candle after bullish growth of 2.55% yesterday. Hence the buyers are struggling to sustain the market price above the 50-day EMA.

Nevertheless, if AAVE prices continue to rise and hit $115, the chances of a positive breakthrough grow. Furthermore, traders might see the breakout surge reaching the next milestone at $150.

On the downside, a bullish failure will result in a bearish reversal, likely to lead to a flat trend between the $75 and $115 horizontal lines.
<h2>Technical Indicators</h2>
The bullish crossing between the fast and slow lines gains momentum as the bullish histograms climb. Furthermore, after exceeding the 14-day SMA, the RSI slope maintains a diagonal upswing above the halfway line. As a result, the technical indicators remain bullish on the impending AAVE price movement.

Resistance levels - $100 and $115

Support levels - $75 and $50

AAVE Technical Analysis: Will AAVE Skyrocket to $150 Before 2022 Ends?

AAVE technical analysis displays a potentially bullish pattern ready to reclaim the $100 mark and break above the $115 supply zone. 

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

AAVE Technical Analysis: Will AAVE Skyrocket to $150 Before 2022 Ends?

Top Picks