$AAVE
/USDT Technical Analysis
Momentum: Bullish (Current Price: $372.52, +2.37%)
AAVE has rebounded strongly after testing the $356.10 support level and is trading near $372.
Strong buying volume observed with rising momentum indicating a potential breakout above resistance levels.
Key Levels to Watch
1. Support Level: $356.10 (24h low and critical support zone).
2. Resistance Level: $380.46 (24h high).
Trade Signal: Buy
Entry: $372-$375
Stop-loss: Below $356
Targets 🎯
1. Target 1: $380 (Short-term resistance; previous high).
2. Target 2: $390 (Next resistance zone; potential for breakout).
3. Target 3: $410 (High momentum could lead to extended gains).
Momentum Indicators:
RSI: Trending upward (above 50, approaching overbought levels).
MACD: Positive crossover, suggesting bullish momentum.
Summary:
With a solid support base and increasing buying activity, AAVE/USDT shows bullish potential in the short term. However, watch for rejection near $380-$390 resistance zones. Always use stop-losses to mitigate risk!
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