Aave 20,000% Gain Coming Again?

Over the past year LENDUSD (Aave) has risen 20,000%.

Right now we see a retracement which may find support on the previous ATH of 0.36 (blue horizontal).

MACD is also trending down on the Weekly time-frame.

Now may not be the best risk/reward moment for longer-term trading or investment in Aave, however given the epic performance over the past year, this is one to watch.

A consolidation phase will produce several strong entry opportunities in coming weeks, possibly months, before LEND gets going on its next leg up.

Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.