Technical Analysis for $AEVO

/USDT🔥💯

Current Price: $0.3932

Trend: Neutral to Bullish

AEVO has been showing positive momentum, with a modest 0.79% gain in the last 24 hours. The price has been testing levels above $0.39 and could be poised for an uptrend.

Key Levels:

1. Support Level: $0.3804 – Current low point, an essential level for reversal.

2. Resistance Level: $0.3998 – The recent high, acting as resistance.

3. Target Levels:

Target 1 (T1): $0.3950 – First resistance level near the recent price movement.

Target 2 (T2): $0.4000 – Major resistance point that could trigger bullish continuation.

Target 3 (T3): $0.4100 – A psychological resistance mark, assuming further bullish momentum.

Trade Momentum:

Bullish Momentum: Positive price movement, supported by the uptrend in the last 24 hours.

Sell Signal: If the price drops below $0.3800 and closes below it, consider a short trade.

Buy Signal: A breakout above $0.4000 could provide a strong buy signal.

Recommendation:

Monitor price action around the resistance at $0.3998 for possible continuation toward higher targets. Adjust stop-loss orders near support levels.

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