Here’s a short technical analysis and trade signal for $AAVE

/USDT based on the current data:

Technical Analysis:

Current Price: $311.83 (bullish trend +3.70% in 24h)

Support Level: $291.02 (low of the day)

Resistance Level: $323.75 (high of the day)

Trend: Mildly bullish with potential for price appreciation due to recent momentum and a higher 24-hour volume.

Momentum Indicators:

RSI (Relative Strength Index): Likely approaching overbought territory, signaling possible short-term correction or continuation depending on sustained momentum.

MACD: Bullish crossover observed in the recent hours, indicating upward momentum.

Trade Signal: Buy (bullish outlook with potential for short-to-medium-term upside)

Target Levels:

Target 1: $320 (next immediate resistance)

Target 2: $330 (stronger resistance zone)

Target 3: $340 (potential breakout area)

Stop Loss: Below $291 (if price dips below this, the bullish setup may be invalidated).

This strategy suggests entering long at current levels with a stop loss near $291 and targeting a move up to $320, $330, and $340, respectively. Ensure to adjust stop loss levels or take profits as needed, especially if momentum changes.

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