AAVE/USDT ๐ฅ๐ฏ๐ธ๐
Analysis:๐ฐ
Price Trend: ๐ฒAAVE is experiencing a notable drop, currently down by -8.00%. It is trading below its 7-day and 25-day moving averages, which may suggest a continuation of the bearish trend in the short term.
Support and Resistance:๐ฐ
Resistance:๐ฒ The 24h high at $184.27 is the first level to watch for potential upside movement.
Support: ๐ฒImmediate support lies at the 24h low of $160.52. If the price continues to decline, watch for potential support at the 99-day MA near $168.22.
---
Trading Strategy:๐ฐ
Short-term Traders:๐ฒ The price is currently in a downtrend, trading below key moving averages. Traders may wait for a potential bounce from the 24h low of $160.52, or a confirmation of a reversal if the price rises back above $173.85 (7-day MA).
Swing Traders:๐ฒ Consider entering positions around the 99-day MA at $168.22, but be cautious if the price
#AAVE #MuskXPayments #ETHPriceSurge #TradingMadeEasy #Write2Earn!