AAVE/USDT Technical Analysis
Current Price: $386.60 (+5.16% in 24h)
Trend: Bullish (currently showing an upward momentum after a recent low of $359.40)
Support Levels:
First Support: $371.42
Second Support: $369.99
Resistance Levels:
First Resistance: $399.85 (24h High)
Second Resistance: $401.28 (near recent peak)
Momentum:
The price has been trending upward, breaking past previous resistance levels. The RSI (Relative Strength Index) suggests increasing bullish momentum but is approaching an overbought zone, indicating potential price consolidation.
MACD is positive, indicating the bullish trend is likely to continue in the short term.
Trade Signal & Target Levels 🎯
1. Entry Point: Buy near $386.60 (current price)
2. Target Levels:
First Target: $399.85 (near the 24h high)
Second Target: $401.28
Third Target: $415.00 (next significant resistance level)
3. Stop Loss: Below $371.42 (to protect against downside risk)
Momentum:
Momentum Indicators: The price is above both the 50-EMA and 200-EMA, reinforcing the bullish trend. Expect a continuation unless significant selling pressure breaks the support at $371.42.
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