AAVE Primed for 50% Surge as Umbrella Update Looms—Traders Brace for Volatility

DeFi’s sleeping giant wakes up. AAVE charts flash a bullish pattern just days before its protocol upgrade—classic ’buy the rumor’ setup or another overhyped crypto pump?

Technical breakout or trap? The token’s symmetrical triangle suggests a sharp move north, but let’s see how long the ’Umbrella’ hype shields holders from market rains.

Wall Street analysts would call this ’price discovery.’ Crypto traders call it Tuesday. Either way, buckle up.

AAVE price technical analysis

The daily chart shows that AAVE has climbed from a low of $114.30 in April to a recent high of $265. The price action has formed a golden cross pattern, where the 50-day moving average crossed above the 200-day moving average, a technical indicator often associated with sustained bullish momentum.

AAVE has also completed a textbook V-shaped recovery, typically viewed as a bullish continuation signal. In addition, key oscillators such as the Relative Strength Index and the Stochastic are both trending higher, reinforcing the bullish outlook.

Therefore, the bullish momentum will likely continue in the coming weeks, with the next level to watch being at $400, up by 50% from the current level.