$AAVE

It gained momentum after breaking above the moving averages on November 6 and reached the psychological resistance of $200 on November 9.

The bears will try to stall the upward movement at $200, but if the bulls do not give up much ground to the sellers, the probability of an upward breakout increases. If the buyers break above the $200 resistance, the AAVE/USDT pair could rally to $260.

The immediate support on the downside is $180. A break below this level could accelerate the selling, pulling the price towards the 20-day EMA ($160). A deep pullback is likely to delay the start of the next leg of the upward movement.

The pair is facing a sell-off near $200, which could pull the price down to the 20 EMA. If the price rebounds off the 20 EMA with strength, the bulls will make one more attempt to push the pair above $200. If they succeed in doing so, the pair is likely to rally to $220.

Instead, if the price slips below the 20 EMA, it will signal that short-term traders are booking profits. This could pull the pair down to $175 and later to the solid support at $165.