📈 AAVE extended its bullish rebound, flipping the $122 resistance level to support as buyers aim for $150 in the medium to long term.

📈 The price action of AAVE climbed above the $122 zone, solidifying it as a support level after rebounding strongly from the $105 support level, marking a 15% pump from there in the past week.

📉 Buyers have established the $105 support as a strong buying floor, as seen from a previous bullish pump from this level on March 6.

📊 The Relative Strength Index (RSI) crossing the neutral 50 mark over the past 48 hours indicates the dominance of buyers in the market on the daily timeframe, along with buyers crossing the $122 resistance, setting the stage for another bullish run-up to the $150 price zone.

📈 An entry at the current market price of $127 could yield an 18% profit at the $150 price level.

📊 Futures contracts for AAVE show strong bullish sentiment, with over 70% of positions currently long, and positive funding rates indicating a favorable outlook for long positions in both spot and futures markets.