🚨 $AAVE /USDT Technical Analysis – Is a Rebound Near? 🚀

AAVE has faced significant bearish pressure, dropping 7.09% in the last 24 hours, with the price currently sitting at $304.32. Here’s a breakdown of the potential movement with three key targets:

📊 Key Insights:

Support Zone: $300 - A critical level to watch. If broken, further downside could occur.

Resistance Levels:

Target 1 🎯 $320: A bounce-back to this level would indicate short-term recovery.

Target 2 🎯 $344: Retesting the 24-hour high is possible if bullish momentum strengthens.

Target 3 🎯 $360: If AAVE flips $344 into support, we could see an extended rally to this zone.

📈 Indicators:

RSI: Showing oversold conditions, signaling a potential rebound.

MACD: Bearish crossover; buyers need to step in to reverse the trend.

Volume: Increasing trading activity hints at upcoming volatility.

Summary:

AAVE/USDT is at a pivotal point. If it holds the $300 support level, we might see an upward trend aiming for $320 and beyond. However, if this level breaks, the next downside target could be around $285.

Are you ready to trade the bounce or short the dip? 🤔 Let us know your strategy below!

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