AAVE
AAVE/USDT has recently experienced a strong rebound, with the current trading price at $377.53, reaching a 24-hour low of $371.42. The sharp rise in this price indicates a restoration of buyer confidence, and a significant green candle may signal a reversal of the short-term trend. The recent high of $377.75 serves as slight resistance, while the 24-hour high of $399.85 is a key resistance zone for further upward movement.
Key Technical Levels
Resistance Level: $377.75 — If this level is broken, AAVE may retest the $399.85 area.
Support Level: $373.18 — Maintaining this support level is crucial for sustaining the upward trend.
In the past 24 hours, the market traded over 601,520 AAVE, demonstrating strong market interest. This indicates that buyers are actively participating, seizing the opportunity presented by this breakout. Traders should monitor whether the price can consistently hold above $377.75 to confirm a further bullish trend.
Trading Opportunities
Despite the current high volatility, if the price pulls back near the support level, it may provide an opportunity to re-enter the market. Given the current upward momentum and high trading volume, AAVE is expected to continue rising, but investors should closely monitor key technical levels to seize the best trading opportunities.
