AAVE — The One That Shines
AAVE has been one of the strongest players for the last weeks/months. However, the token hasn't yet given us the entry we are looking for. But let's do it step-by-step.
Strong support: AAVE can rely on super-strong support at $120. Buyers absorbed every dip at this level, regardless of how heavily the overall market corrected.
Higher highs: AAVE has been printing higher highs while the rest of the market is in a downtrend.
Conversely, AAVE hasn't been able to hold above the $132 resistance and confirm the breakout on a higher timeframe. This would be mandatory for us to enter a long trade.
At the moment, it is more likely that AAVE will revisit $120 again before making a new move toward the resistance at $132.
