Aave hit bottom May 2022, marking the end of the bear market. The bear market lasted from May 2021 through May 2022, one year.
A very long accumulation period starts after May 2022, no new lows; 100% sideways action.
We can see how a short consolidation phase in late 2020 led to a very strong rally. Right now we have a long consolidation phase, which can in turn lead to a super strong rally.
👉 The next All-Time High can be around 1,743. Previous All-Time High happened at 666.
👉 By the way, the chart is bullish short-term based on the September long upper wick that peaked at 116 and the fact that we have higher lows since June 2023.
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