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$AAVE
AAVE Market Analysis
1. Bulls are making a move, breaking through the $300 resistance
After rebounding from the 20-day moving average ($283) on December 10, AAVE bulls strongly broke through the short-term resistance of $300 on December 11. This action significantly boosted market confidence, and funds clearly entered the market. However, there is some selling pressure near the previous high.
2. Bulls are defending strongly, bullish trend looks promising
Although facing selling pressure, the bulls did not easily retreat, and the price stabilized in a high-level fluctuation. This indicates that funds are maintaining their positions, suggesting that there may still be a bullish breakout ahead. If AAVE can surpass the previous high, the possibility of a surge to $430-$460 is quite high!
3. Short-term support and potential pullback levels
Key support: $357 (50% Fibonacci retracement level)
If the price pulls back to $357 and rebounds, this is a signal to observe the upward breakout opportunity. Conversely, if it falls below $357, short-term downward risk increases.
20-day moving average: The last fortress of the bulls
The current 20-day moving average ($284) is the core defense line that the bulls must defend. If it breaks, the bulls may take profits, and the market may further retrace to the 50-day moving average to seek support.
Brothers, this AAVE market can be summarized as a game of “the bulls want to push higher, while the bears are not easily letting go.” The key is to watch the $357 support and previous high pressure. If you’re waiting for a breakout, keep a calm mindset and don’t rush; a second test is often the opportunity, and taking steady steps is the true way to success!
AAVE Market Analysis
1. Bulls are making a move, breaking through the $300 resistance
After rebounding from the 20-day moving average ($283) on December 10, AAVE bulls strongly broke through the short-term resistance of $300 on December 11. This action significantly boosted market confidence, and funds clearly entered the market. However, there is some selling pressure near the previous high.
2. Bulls are defending strongly, bullish trend looks promising
Although facing selling pressure, the bulls did not easily retreat, and the price stabilized in a high-level fluctuation. This indicates that funds are maintaining their positions, suggesting that there may still be a bullish breakout ahead. If AAVE can surpass the previous high, the possibility of a surge to $430-$460 is quite high!
3. Short-term support and potential pullback levels
Key support: $357 (50% Fibonacci retracement level)
If the price pulls back to $357 and rebounds, this is a signal to observe the upward breakout opportunity. Conversely, if it falls below $357, short-term downward risk increases.
20-day moving average: The last fortress of the bulls
The current 20-day moving average ($284) is the core defense line that the bulls must defend. If it breaks, the bulls may take profits, and the market may further retrace to the 50-day moving average to seek support.
Brothers, this AAVE market can be summarized as a game of “the bulls want to push higher, while the bears are not easily letting go.” The key is to watch the $357 support and previous high pressure. If you’re waiting for a breakout, keep a calm mindset and don’t rush; a second test is often the opportunity, and taking steady steps is the true way to success!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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