The chart presents the pair $AAVE /USDT, and several important technical aspects can be highlighted for analysis:
Technical Analysis
1. Current Price:
The price is at $338.29, above MA(7) ($328.83) and MA(25) ($297.85), indicating a short-term phase of growth.
2. Support and Resistance:
• Support: $313.05 — a local zone where the price recently found support.
• Resistance: $399.85 — a recent local maximum.
3. Volumes:
Volumes began to increase during the correction, indicating heightened interest from traders at this level.
4. Moving Averages:
• MA(7) is above MA(25), confirming the short-term upward trend.
• MA(99) ($193.96) is far below the current price, confirming strong medium-term growth.
5. Trend:
After a local correction (from $399 to $313), the price has recovered and is testing MA(7).
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