📈📉The chart of the #AEVO/USDT pair shows interesting dynamics that may attract the attention of traders. Let's look at the key points:
🔵 Support and Resistance:
The price is bouncing off the support level at $0.487 and approaching the resistance zone around $0.731.
📉 Trend Line:
The downtrend has been broken, indicating a possible change in the direction of price movement.
🌥 Cloud Ichimoku:
The Ichimoku Cloud is showing an upward trend, confirming the bullish momentum.
📊 Parabolic SAR:
SAR points are located below the price, which is also a signal to buy.
📈 Forecast:
If the price can consolidate above the $0.731 resistance level, it will pave the way for further gains, with a target around $3.94 representing an upside potential of over 789%.
👉 Conclusion:
AEVO is showing signs of a trend reversal and potential growth. A successful breakout of the resistance level and confirmation of bullish signals can attract new buyers and contribute to further growth.
