AAVE/USDT 💥🎯💸👈
Analysis:💰
Price Trend: 💲AAVE is experiencing a notable drop, currently down by -8.00%. It is trading below its 7-day and 25-day moving averages, which may suggest a continuation of the bearish trend in the short term.
Support and Resistance:💰
Resistance:💲 The 24h high at $184.27 is the first level to watch for potential upside movement.
Support: 💲Immediate support lies at the 24h low of $160.52. If the price continues to decline, watch for potential support at the 99-day MA near $168.22.
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Trading Strategy:💰
Short-term Traders:💲 The price is currently in a downtrend, trading below key moving averages. Traders may wait for a potential bounce from the 24h low of $160.52, or a confirmation of a reversal if the price rises back above $173.85 (7-day MA).
Swing Traders:💲 Consider entering positions around the 99-day MA at $168.22, but be cautious if the price
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