$AAVE
/USDT Technical Analysis:
Current Price: $321.38 (up by +8.22%)
Trend: Bullish, with the price currently trending higher following a recent surge. Momentum is positive.
Support & Resistance Levels:
Support: $294.35 (24h Low)
Resistance: $335.51 (24h High)
Key Indicators:
The RSI is likely in bullish territory, indicating strong momentum.
MACD shows a favorable buy signal as the MACD line crosses above the signal line.
Price bouncing off support around $294 suggests a good potential for upward momentum.
Trade Signal & Target Levels:
Entry: Around current price of $321.38 or a slight pullback to $307.90.
Target 1: $335.51 (Previous High) – Potential first resistance.
Target 2: $350 (Next Resistance Level) – Target for a moderate move higher.
Target 3: $370 – Extended target as the price approaches bullish continuation.
Momentum: Bullish, expect further upward momentum if support holds and no significant bearish reversal happens. Consider trailing stop-loss once the price passes $335 to secure profits.