$AAVE /USDT: Bearish Trend with Key Support Levels in Focus 📉
The best opportunity to buy $AAVE lies in the $340–$350 range, with a strong likelihood of rebounding to $400 soon. Currently trading at $350.99, $AAVE has dropped 6.53% in the past 24 hours. After hitting a 24-hour high of $386.00, selling pressure has pushed the price below critical support levels. The pair is nearing the intraday low of $348.38, suggesting a potential test of deeper support zones if bearish momentum persists.
Trade Setup:
Entry Point: Around $351.00 (watch for signs of a bounce or further decline)
Targets:
1. $360.00 (short-term recovery)
2. $374.00 (mid-term resistance)
3. $386.00 (full recovery level)
Stop Loss: $345.00 (to limit risk if the downtrend continues)
Key Levels to Watch:
Resistance: $360.00 – Breaking above this level may indicate a short-term recovery.
Support: $348.00 – Holding this zone is essential to prevent further drops toward $340.00.
Although market sentiment is bearish, $AAVE/USDT offers potential trading opportunities on a bounce or breakout. Traders should remain cautious and monitor critical levels for signs of reversals or continued downward pressure. Stay vigilant in this volatile market.