Technical analysis by AlexLukyanin about Symbol AAVE: Buy recommendation (11/27/2024)

I checked many different assets on the market and one of the most promising from both fundamental and technical points of view is AAVEUSDT Currently ranked #47 at CMC it is the largest lending protocol. At only <$3 Bln. mkt cap its total lending volume is more than $10 bln. For sure during this bull run there will be a DeFi cycle and AAVE will not be left out.During the latest altcoin correction you could have seen the way AAVE performed better than other assets. It is a good sign that the idea will work out as plannedThe price has reached our goal target zone, and in theory it should consolidate there. It would be a great choice to set a stop loss around ~360 and buy again lower, but also we need to monitor BTC. Entering another position should incur other targets and goals and requires another analysis